What Is a Ratio Mortgage? In the context of conventional and high ratio mortgages, the ratio mortgage refers to the relationship between the size of the mortgage loan and the amount of the down payment the investor is willing to place when purchasing a property. It is also known as the loan-to-value ratio. The down payment is…
Where to Get Your Mortgage Loan When shopping for mortgage options, home buyers mainly choose between a direct bank lender (or another financial institution) and a licensed mortgage broker. These two primary mortgage providers, which account for an almost even split of the market, offer different access to rates, terms, and approvals, which can appeal to…
Why Get a Mortgage? The price of a home is often more than what a single individual or household can save. Therefore, many choose to buy a home or an investment property by putting down a deposit of typically 20% of the home’s purchase price, and obtaining a loan for the remaining amount. This assistance…
What Is the Process of Paying off a Mortgage? When you get a mortgage, you’re not just agreeing to pay back the amount you borrowed (principal). You also agree to pay interest on the money you still owe. How much you’ll pay in interest depends on a variety of factors, including your loan type, how much you borrowed,…
Stan Direct: 604-202-1412E-mail: ssteam3000@gmail.com Click the first two links below to view the MLS listings of Vancouver Mortgage Helpers Homes, constantly updated every 1-2 hours. Play with the searches. Sort the listings by clicking the description at the top of each column. Click on the SOLD properties to see their actual selling price. Click on each property…