Whistler Mortgage Broker-Eileen Craig
7003 Nesters Rd V0N 1B7 Whistler, BC, Canada

I sat down with Heather Clifford EXP Realty Comox Valley this week to chat about understanding Mortgages NOW. There is some really valuable information in this video if you're thinking of buying or refinancing. Mortgage needs are always very specific to the client, and I'm always available by phone or e-mail to discuss your specific needs. ... Reach out by phone 604-698-8583, or e-mail at [email protected] anytime.

COVID-19 has changed everything and it's not all bad. If you’re a homebuyer, now is an excellent time to go with a fixed-rate mortgage. Fixed rate mortgage have near historic lows, right now you get an ultra-low rate and know what your mortgage payment and rate will be for years to come. What if you already have a fixed rate mortgage? Is it possible for home owners to refinance now to take advantage of these great rates? That depends on a whole bunch of factors, and I can ma...ke it easy for you to figure all that out. Send me direct message, or e-mail me at [email protected] to chat more about what your options are.

Let's start of Monday with a Hot Tip! If you're working towards getting your finances together one thing that could help you is to have 2 forms of credit - for example, a credit card and a line of credit. There are lots of other ways we can make sure that you look great to lenders when you're ready to purchase real estate, reach out so we can have a conversation about how we can help you.

It’s no secret I love living in Whistler - because where else would I get to hop on my skis after work and glide past our perfect snow covered, sun kissed mountains! Thankful for yesterday’s early evening (and COVID safe!) ski with my pal Fran. . #whistlerwinter #beautifulbc

Welcome to Fact Check! These posts are designed to help you understand what the new and important in mortgage lending in British Columbia. Over the next few weeks we'll be taking a close look at how COVID-19 is influencing the market. Did you know: approvals are often taking a little longer these days to come through. There are a number of reasons for this - changes in staffing, changes to income requirements, and changes in approval systems. But, the good news is that we can help you get everything in order to make getting your mortgage as fast and seamless as possible! #mortgagebroker #seatosky #finance #covid19finances #whistlerrealestate #mortgagelending #mountainliving #bcrealestate #squamishrealestate #pembertonrealestate

Here's a hot tip for first time buyers - know what you owe! Make sure your credit is up to date, and that you've been making your payments on time, because a good credit score is critical to securing financing. Remember it doesn't help you to have your credit score pulled frequently - it can in fact lower your score... So, if you're about to start to prepare yourself for getting a mortgage, get in touch to see how we can help. #mortgagebroker #bcmortgages #lending #ownyourownhome #creditscores #financialtips #moneymanagement #whistler #whistlerbc #whistlerrealestate

Happy holidays! While the way we are celebrating might look a little different this year, I hope that all of you have a holiday season that is filled with love and health.

Did you know that COVID-19 has affected mortgage rates? Lisa Hilton and I sat down over zoom recently to talk about how COVID-19 is affecting mortgages. After you've watched this video we should talk.

Canada Mortgage and Housing has decided to make things a little harder to qualify for your home. Your credit score is going to need to be higher and we'll have to use a little less of your income to qualify. Read on for full details or give me a call to discuss.

Lisa Hilton and I sat down over zoom recently to talk about how COVID-19 is affecting mortgages. If you've had questions about rates, what mortgage deferral really means, or are wondering if it's safe to buy during these times, have a look.

Bank of Canada keeps rates as is for now......

Bank of Canada has dropped it's benchmark rate for the first time since 2016.

Your new FAV vegan lunch curry roasted cauliflower sweet potato salad with sweet dried cranberries and creamy curry tahini dressing! I'm seriously obsessed and you will be too! https://www.ambitiouskitchen.com/curry-roasted-cauliflower-

The federal budget is out with an increase to the First Time Homebuyer withdrawl program up to $35,000.00 from the previous $25,000.00. The are also bringing out a "shared equity mortgage" detail are vague but read on.....

Office of the Superintendent of Financial Institutions brought in the stress test 13 months ago making it much harder to qualify for mortgages. Looks like no changes yet, but hopefully the pressure continues and we see some relief down the road.

A great reminder of Government incentives.

Bank of Canada holds rates, read below to see what the forecast is.

Great information!

This rate hike signals that the Bank of Canada is determined to bring its benchmark overnight rate back to more normal levels and that the economy is strong enough to withstand further rate increases. Even though the prime rate has risen there are still plenty of variable rate mortgage options that still make sense.

As expected the Bank of Canada has raised it's overnight interest rate by .25% based on the strength of our Canadian economy. Our variable rate mortgage clients will feel the rate increase in their next months mortgage payment. If you have questions about how this affects you, please don't hesitate to contact me.

The Bank of Canada has left their overnight rate unchanged but expect a rate increase in the next couple of meetings.

As expected the Bank of Canada has increased it's overnight rate by .25 but the uncertainty of NAFTA clouds any future predictions of rate increases for now.

Will the bank of Canada raise rates next week? Some banks seem to think so.

Well the Government has made good on their promise to makes qualifying for a mortgage even tougher. As of January 1st 2018 new mortgage rules come into effect for buyers with 20% down or more...... see the details below.

MORTGAGE LIFE INSURANCE - AN IMPORTANT STEP! What would your family do if something unfortunate happened and they were left to make the mortgage payments on their own? Buying a home is one of the single largest purchases you will make in your lifetime.....an investment that needs to be protected.... Mortgage Protection Insurance protects your investment while helping secure your familys financial well being in the event of death of you and/or your spouse. With this coverage in place, your mortgage is protected not just in the event of death, but also if a serious accident or illness leaves you unable to work. HOW TO APPLY: Let me walk you through the ins-and-outs today! Eileen Craig Dominion Lending Centre [email protected] 604.698.8583

OBTAINING A MORTGAGE IF YOU'RE SELF EMPLOYED HAS NEVER BEEN EASIER! Canadian mortgage lenders are starting to understand the importance of self-employment in our culture, and are making great mortgage programs available to the self-employed to finance their primary residence and even their vacation homes. Licensed mortgage professionals are experts at assisting self-employed individuals with getting a mortgage, and they will ensure you get the best mortgage available through ...one of Canadas largest lenders. For more information or assistance with this please reach out: Eileen Craig Independent Mortgage Professional [email protected] 604.698.8583

The Bank of Canada raised the prime interest rate on July 12th for the first time in 7 years. For nearly a decade Canadians have enjoyed historically low interest rates but it would appear that the tide may gradually be turning. If you are in the market for a new purchase or renewal and want to know what your options are, please contact me. [email protected]... 604-938-4456 https://www.theglobeandmail.com//bank-of-/article35662991/

UNDERSTANDING YOUR CREDIT REPORT Your credit report itself is simply a listing of all of your mortgage and consumer debt. Your credit rating affects all aspects of your financial activities when it comes to borrowing money. Your credit rating also has the ability to affect the job you get, the apartment you rent, and even the ability to open a bank account. A mortgage professional can help you obtain a copy of this report and go through it with you to verify that all of t...he information is true and correct. Your credit report is a working document. This means that you have the ability over time, to repair any damaged credit and increase your credit score. Please reach out if you need help better understanding this. For more information: http://eileencraig.ca/hom/understanding-your-credit-report/

WHY USE A MORTGAGE BROKER? Mortgage brokers are professional that can help get you the best mortgage for your needs. There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional.... Because mortgage brokers have access to more lenders, they're better able to find a lender and a mortgage based on your specific needs and financial situation in order to get you the lowest mortgage rates today. For more information: http://eileencraig.ca//benefits-of-using-a-mortgage-profe/

CAN YOUR HOME'S EQUITY WORK FOR YOU? There are a variety of reasons that someone might use their home equity to get a loan. This decision can easily be made after knowing all the facts. Let me help you by discussing opportunities to make your homes equity work for you. For more information:... http://eileencraig.ca/mortgages/home-equity/ See more

A decision to choose a fixed or variable rate is not always an easy one! The best option is to have a candid discussion with your mortgage professional to ensure you have a full understanding of the risks and rewards of each type of mortgage.

A UNIQUE DECISION FOR EACH INDIVIDUAL Choosing the right mortgage term is a unique decision for each individual. By understanding your personal financial situation and your tolerance for risk, a mortgage professional can assist you in choosing the mortgage term which will work the best. Here is a great video to help you better understand....... http://eileencraig.ca/home-purcha/determine-the-right-term/ See more

Happy 150th Birthday CANADA!!! I hope everyone is outside enjoying the celebrations today.

We are Canada's largest and fastest-growing mortgage brokerage! Getting the best rate possible on your mortgage is what we do! Check out our current rates today!

Check out these tips on renewing your mortgage. http://eileencraig.ca/mortgages/mortgage-renewal/

APPLYING FOR A MORTGAGE COULDN'T BE EASIER! Being pre-approved for your mortgage is an important first step in becoming a home owner. I want to make that process as easy as possible for you. All you have to do is apply online, and we will be in touch. That simple!... APPLY TODAY!

Part of shopping for a new home is figuring out how much of a mortgage you would qualify for. Let me take the guess work out for you.... http://eileencraig.ca/home-purchase/mortgage-pre-approval/

Are you one of those keeners that is determined to pay off your mortgage faster? Some simple changes, like making payments every pay day as opposed to monthly can decrease your term substantially. Here are some helpful tips on how to reach that goal....

Are you thinking about investing in a new property? Let me help you get the best rates possible, and save you some $$. View our current rates today, and please reach out if you have any questions. www.eileencraig.ca/mortgages/current-rates/

What a lovely day to have a birthday! Thanks everyone!

Need a mortgage pre-approval? Wondering about mortgage rates? Shopping for a renewal? As an independent mortgage professional, my loyalties are to my clients first. I offer a wide range of financing options and will work tirelessly to ensure that each of my clients gets the best option for their unique financing needs. Give me a call at 604 698-8583 or email me at [email protected] and we can talk about your best options.... https://www.youtube.com/watch?v=CsO3SpvwjGs

Two weeks from now, on March 17th, the cost of borrowing with the CMHC is going up slightly for new home buyers. "Canada Mortgage and Housing Corporation (CMHC) doesn't anticipate the increases will have a significant impact on homebuyers and expects the changes will add about $10 to a monthly mortgage payment for those with a CMHC-insured loan of approximately $490,000. http://www.bnn.ca/cmhc-to-raise-cost-of-mortgage-loan-insur

Thinking of buying a home? Heres a handy dandy Homebuying Step by Step guide from Canada Mortgage and Housing Corporation (CMHC). Pay particular attention to step 2 - and I'm here to help when you are ready :-) CMHC Buying Guide: www.cmhc-schl.gc.ca/en/co/buho/step-by-step/index.cfm

MARCH 1... that means a new month challenge! Lets get our guns out! Thank you so much to our Ambassador Roxanne for creating the MARCH CHALLENGE!!!