Blogs about: Potential Mortgage Pitfalls And Risks
Beware the "Armchair Critic"
merc359 wrote 3 months ago: Many times I spend weeks, months, and even years working with clients to get them into a position to … more →
Fixed or Variable? My Argument AGAINST Variable Rates!
merc359 wrote 6 months ago: Not a day goes by that I don’t get an inquiry from an applicant asking me: “What is best? Fixe … more →
Watch Out For "No Frills" or "Value" or "Basic" Mortgages with Great Rates but NO Flexibility
merc359 wrote 7 months ago: Well, it’s happening again… In a bid to get more mortgages, some lenders are now offerin … more →
Can Interest Rates Go Any Lower?
merc359 wrote 7 months ago: There was an article published by Bloomberg on April 14th whereby the author, Sean B. Pasternak, mad … more →
Sub Prime Mortgages in Vancouver Failing to be Renewed - Foreclosure Follows...
merc359 wrote 8 months ago: So everyone was worried that a sub-prime problem would rear it’s ugly head in Canada much like … more →
Vendor Takeback Mortgages - Are They All They Are Cracked Up To Be?
merc359 wrote 8 months ago: I take inquiries and questions from clients about Vendor Takeback Mortgages on a weekly basis. The p … more →
Commercial or Residential? How to Tell How a Property is Classified and Financed
merc359 wrote 9 months ago: Not a week goes by that someone doesn’t call me and want to finance a large house that has a l … more →
Should You Take a Longer Amortization? 25 Year verus 35 Year
merc359 wrote 10 months ago: Very frequently, in the Vancouver market, people ask me if they should really be taking a 35 year mo … more →
Tax-Deductible Mortgage Structure May be in Jeopardy
merc359 wrote 10 months ago: For several years now many real estate professionals, accountants, and financial planners in Canada … more →
How Much Does Rental Income REALLY Help When Buying a Home?
merc359 wrote 11 months ago: “Mortgage Helpers,” “In-Law Suites,” “Rental Suites,” “Una … more →
Cashbacks and Incentives can Have a Hidden Cost
merc359 wrote 1 year ago: In the current real estate market, with developers of new homes hoping to sell their inventory (or b … more →
Buying Foreclosures, Pre-Foreclosures, and Court Ordered Sales
merc359 wrote 1 year ago: There is a lot of talk amongs real estate “investors” and specialists saying that the ke … more →
What is a TRUE Mortgage Broker? What is a "Rover" or Mobile Lending Specialist?
merc359 wrote 1 year ago: I’ve been made slightly crazy this week with clients telling me they have been working with a … more →
Mortgage Fraud. This Time it's Being Done by BROKERS!
merc359 wrote 1 year ago: So this is the first time I have heard of this scheme, and I confess I am VERY impressed by the dept … more →
Interest Rate Trends - Canada Best Rates Available Sept 19, 2008
merc359 wrote 1 year ago: Consistently, people find my blog while shopping for mortgage rates. Usually, the ask me for a deepl … more →
Mortgage Fraud in BC - Investigation Continues into Martin Wirick
merc359 wrote 1 year ago: In the spring of 2002, the largest mortgage fraud in BC history was discovered and blown wide open. … more →
Purchasing a Recreational Property - Vacation Property Financing
merc359 wrote 1 year ago: This is part three of my three part series on refinancing to invest or purchase other properties. Ma … more →
Purchasing an Investment Property - Using Equity or Refinance
merc359 wrote 1 year ago: This is part two of my three part series on accessing equity in your home. Many clients have built u … more →
Refinancing to Invest - Put Your Equity to Work for You!
merc359 wrote 1 year ago: This post is the first of a three part series that I will be writing detailing how and when to use t … more →
