Kelowna Mortgage Broker

Author Archives: Tom Mah

Why you should beef up that down payment fund first

May 7, 2012 in Tom's News by Tom Mah
Preet Banerjee Globe and Mail Update Published Friday, May. 04, 2012 6:00AM EDT A few years ago you could get yourself a CMHC insured mortgage with no down payment or a 40 year amortization. But if you go back a few decades, the norm was to put 20 per cent down with a 25-year amortization. [...]

Now is the time to get ready for an interest-rate increase

April 30, 2012 in Tom's News by Tom Mah
Preet Banerjee, Columnist From Wednesday’s Globe and Mail Published Tuesday, Apr. 24, 2012 6:00AM EDT Last updated Tuesday, Apr. 24, 2012 8:03AM EDT The future is unknowable, but it doesn’t stop people from guessing about it. And when it comes to interest rates, this seems especially true. Haven’t you heard? Interest rates will probably be [...]

In Praise of the 10 Year Mortgage: Is This the Time to Go Really Long?

April 23, 2012 in Tom's News by Tom Mah
A decade is a long time to commit to anything, especially a mortgage term. But, depending on a few factors, it could deliver the best long-term value a homeowner could ever have. Although the window may close before long, the arguments in favour of the 10 year fixed rate mortgage have probably never been more [...]

Canuck investors eye Arizona’s commercial horizon

April 18, 2012 in Tom's News by Tom Mah
Written by Vernon Clement Jones It’s an opening in the western frontier that more pioneering Canucks are entering, looking beyond Arizona’s residential market to its re-emerging commercial one. “Homes are still being sold in the Phoenix area at 50 per cent of the replacement costs,” said Kent Baker, a partner at City to City Commercial, [...]

Report blames non-mortgage debt for consumer woes

April 16, 2012 in Tom's News by Tom Mah
A new report from Equifax is pointing a finger in the same direction brokers have, arguing non-mortgage debt is the real threat to consumer solvency. “It is not surprising to see consumer credit continue to increase given the significantly improved levels of consumer delinquencies and bankruptcies witnessed in the last year, coupled with record-low consumer [...]