Arise Mortgage
105-1385 W 8th Avenue V6H 3V9 Vancouver, BC, Canada

OSFI proposes a new minimum qualifying rate for uninsured mortgages. It has not been passed yet. Yesterday, the Office of the Superintendent of Financial Institutions (OSFI) proposed a new qualifying rate for uninsured mortgages to be the higher of the mortgage contract rate, plus 2% or 5.25% as a minimum floor which they will revisit and re-evaluate at least once a year to ensure it remains appropriate for the risks in the environment. The plan is to implement the changes o...n June 1, after consultations. The current Canadian housing market conditions have the potential to put lenders at increased financial risk and so this is OFSI’s proactive action to ensure that banks will continue to be resilient and can support Canada’s post-pandemic economic recovery. The proposed increased minimum qualifying rate will make it more difficult for homebuyers to secure financing but it ensures borrowers will have the ability to make mortgage payments in the event of a change in circumstances like a rise in mortgage interest rates or the loss or reduction of income. Based on our calculations, this proposal will decrease borrowing power by about 5%. This proposal comes during a time where housing prices are surging and mortgage rates are low which might consequentially accelerate the market as buyers rush in before the changes are implemented in June. If you’re planning on purchasing in the near future and want to learn more about this, please do not hesitate to reach out! #mortgagebroker #mortgagebrokervancouver #vancouvermortgagebroker #vancouverhousing #vancouver #mortgagebrokers #vancouverrealestate #vancouverrealtor #vancouvermortgages #vancouvermortgage #vancouverrealtors #vancouverrealestateagent #vancouverrealty #mortgage #mortgagetips #mortgagespecialist #mortgageagent #mortgageadvice #mortgagerates #mortgagespecialist #mortgagebrokers #mortgageprofessional #mortgagelife #bcmortgages #homebuyingtips #firsttimehomebuyers

A few fun stats for this sunny day! Did any of these surprise you? #mortgagebroker #mortgagebrokervancouver #vancouvermortgagebroker #vancouverhousing #vancouver #mortgagebrokers #vancouverrealestate #vancouverrealtor #vancouvermortgages #vancouvermortgage #vancouverrealtors #vancouverrealestateagent #vancouverrealty #mortgage #mortgagetips #mortgagespecialist #mortgageagent #mortgageadvice #mortgagerates #mortgagespecialist #mortgagebrokers #mortgageprofessional #mortgagelife #bcmortgages #homebuyingtips #firsttimehomebuyers

New YouTube video just dropped ft. @jimmy.k.lee ! Be sure to check it out if you’re thinking of selling a home for the very first time! Link in bio. #mortgagebroker #mortgagebrokervancouver #vancouvermortgagebroker #vancouverhousing #vancouver #mortgagebrokers #vancouverrealestate #vancouverrealtor #vancouvermortgages #vancouvermortgage #vancouverrealtors #vancouverrealestateagent #vancouverrealty #mortgage #mortgagetips #mortgagespecialist #mortgageagent #mortgageadvice #mortgagerates #mortgagespecialist #mortgagebrokers #mortgageprofessional #mortgagelife #bcmortgages #homebuyingtips #firsttimehomebuyers #firsttimehomeseller

Always working on creating more education content for you guys! Have you seen our latest YouTube video on the current increased fixed rates? If you’re wondering what that means for you, make sure to check it out - link in bio! #mortgagebroker #mortgagebrokervancouver #vancouvermortgagebroker #vancouverhousing #vancouver #mortgagebrokers #vancouverrealestate #vancouverrealtor #vancouvermortgages #vancouvermortgage #vancouverrealtors #vancouverrealestateagent #vancouverrealty #mortgage #mortgagetips #mortgagespecialist #mortgageagent #mortgageadvice #mortgagerates #mortgagespecialist #mortgagebrokers #mortgageprofessional #mortgagelife #bcmortgages #homebuyingtips #firsttimehomebuyers

I’m sure you’ve heard by now that fixed rates are going up...but what does this mean for you? Check out our latest YouTube video to find out! Link in bio #mortgagebroker #mortgagebrokervancouver #vancouvermortgagebroker #vancouverhousing #vancouver #mortgagebrokers #vancouverrealestate #vancouverrealtor #vancouvermortgages #vancouvermortgage #vancouverrealtors #vancouverrealestateagent #vancouverrealty #mortgage #mortgagetips #mortgagespecialist #mortgageagent #mortgageadvice #mortgagerates #mortgagespecialist #mortgagebrokers #mortgageprofessional #mortgagelife #bcmortgages #homebuyingtips #firsttimehomebuyers #fixedrates #canadamortgage #bankofcanada

Fixed rates are going up?! What does this mean for you? Watch our newest video to find out and let us know if you learned anything! https://youtu.be/NAaj8JcUrbY

Happy Monday everyone! What did you get up to this weekend? May and I visited Fort Langley and enjoyed all the beautiful wall art (swipe to see how much I enjoyed it ) #famiLEE #familylife #familyfirst #familyblog #familyday #lifestyleblogger #Vancouver #familyfirst #vancouvercanada #vancouverlife #vancity #vancitybuzz #vancityvibe #vancityfeature #vancityhype #vancitynow #vancityfamily #dailyhivevancouver #curiocityvancouver #dailyhivevancouver #yvrvancouver #explorebritishcolumbia #mustbevancouver #westcoastbestcoast #beautifulbritishcolumbia #yvrlife

Happy weekend everyone! Don’t forget to turn your clocks forward by an hour tomorrow for daylight savings! #famiLEE #familylife #familyfirst #familyblog #familyday #lifestyleblogger #Vancouver #familyfirst #vancouvercanada #vancouverlife #vancity #vancitybuzz #vancityvibe #vancityvibe #vancityfeature #vancityhype #vancitynow #vancityfamily #dailyhivevancouver #curiocityvancouver #dailyhivevancouver #yvrvancouver #explorebritishcolumbia #mustbevancouver #westcoastbestcoast #beautifulbritishcolumbia #yvrlife

Have you watched our latest Youtube video yet? We go over what to expect when you work with a realtor for your first home and even have a special guest! Check it out! https://www.youtube.com/watch

Thinking of refinancing/switching your mortgage to take advantage of the current low rates? Just contact us and we can help you calculate if it’s worth your time and money! #mortgagebroker#mortgagebrokervancouver#vancouvermortgagebroker#vancouverhousing#vancouver#mortgagebrokers#vancouverrealestate#vancouverrealtor#vancouvermortgages#vancouvermortgage#vancouverrealtors#vancouverrealestateagent#vancouverrealty#mortgage#mortgagetips#mortgagespecialist#mortgageagent#mortgageadvice#mortgagerates#mortgagespecialist#mortgagebrokers#mortgageprofessional#mortgagelife#bcmortgages#homebuyingtips#firsttimehomebuyers

Happy International Women’s Day! Special appreciation to the two ladies in my life who are incredibly smart, beautiful, strong, full of joy and who make my life better every single day thank you to all the women out there who do so much for all of us and continue to inspire #happyinternationalwomensday #internationalwomensday #famiLEE #familylife #familyfirst #familyblog #familyday #lifestyleblogger #Vancouver #familyfirst #vancouvercanada #vancouverlife #vancity #vancitybuzz #vancityvibe #vancityvibe #vancityfeature #vancityhype #vancitynow #vancityfamily #dailyhivevancouver #curiocityvancouver #dailyhivevancouver #yvrvancouver #explorebritishcolumbia #mustbevancouver #westcoastbestcoast #beautifulbritishcolumbia #yvrlife

I started this business in 2018 and let me tell you that nothing comes without hard work! Do you agree with this quote? Let me know in the comments! #successmindset#abundancemindset#motivationmonday #motivationalposts#entrepreneurmindset#successsecrets#entrepreneurs#businesstips#successhabits#entrepreneurquotes#entrepreneurtips#entrepreneurgoals#entrepreneurspirit#entrepreneurmindset#entrepreneurquotes#motivationdaily#motivationalquoteoftheday#motivationforlife#motivationalwords#motivatedmindset#motivatingquotes#abundancementality#abundancenow#growthmindset#growthquote#growthmindset

Trying to keep up with all the craziness in the real estate industry even though we're in a pandemic. Thank you for trusting me with your mortgage! . . .... . . #johnlee #mortgagebroker #topmortgagebroker #mortgageaward See more

These are traps that I avoided and it allowed me to save up enough to purchase my first property at the age of 27. And these are things I still avoid, even today! . . . .... #moneytraps #savefordownpayment #homebuying #millenialsmoneytips #mortgagebroker #johnlee #AriseMortgage See more

I had the opportunity to chat with Hayson Chan, CPA, CGA with Truspect Consulting, to discuss how to maximize your tax savings on a real estate investment. We go over the following questions: How can you pay as little tax as possible on your real estate investment? How would you save taxes if you're renting out your basement?... How about for Air BnB rentals? What are some items people may forget to expense? What is Capital Cost Allowance (CCA) and what should we know about it? Link in the BIO . . . . . #taxtip #accountingadvice #incorporatebusiness #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany#MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

I'm the designated Mortgage Broker offering preferred rates for OXFORD Townhomes in Queensborough, New Westminster! I was at the presentation center over the weekend and the sales manager, Sandra Liang, informed me that it's almost SOLD OUT! Why? It's cuz their brand new town homes start at only $699,900!... Contact below for more info: Sandra Liang Oxford Townhomes 604-218-0287 [email protected]

I had the opportunity to chat with Peter Wang, Sales Director, of @concordpacific We discussed more in-depth on the current pre-sale condo market situation in Vancouver. Here are the questions we covered: How does Concord Pacific stand out from other developers?... What changes have you made for buyers now that we are in a pandemic? Any promotions that may get buyers' attention now that we're in the reopening phase? In Vancouver, we saw a huge rise on condo prices between 2015 - 2017, where do you see prices heading in the next couple of years? There has been lots of changes in the mortgage industry. Are you seeing more buyers having a difficult time completing their purchases? People are so surprised with how there are so many condos being built, especially around Brentwood, Coquitlam Center, and Surrey central. Do you think there's going to be too much supply? Which cities in Greater Vancouver is Concord looking to invest and build next? What are Concord's next projects that will be launched?

I interviewed Hayson Chan, Accountant at Truspect Consulting to discuss whether or not you should incorporate your business. He helps answer the following questions: 1) Should you incorporate your business? 2) What are some advantages to incorporating? 3) At what income level should you consider incorporating your business? 4) Are there fees associated with incorporating?... . . . . . #taxtip #accountingadvice #incorporatebusiness #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany#MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

It's been CRAZY busy lately. The market is on fire! Low rates combined with pent-up demand is fueling all the activity. Thank you all for trusting me with your mortgage! . . . .... . #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

Whenever we talk about buying real estate, we’re talking about hundreds of thousands to millions of dollars. Because the price is high, the costs associated with the purchase is naturally high as well. However, there are mistakes that you can avoid so that you’re minimizing your risks and costs. Here are the 4 most common mistakes buyers might make when they’re purchasing a new home. #HomeBuyingMistakes #MortgageBroker

If your goal is to be mortgage free as soon as possible, then this is a must watch video. I share 2 different ways to pay down your mortgage faster! https://youtu.be/_x7zMvNPr4Q

Over the weekend, we went to the happiest place on earth....Playland! #playland #pretenddisneyland

The government has two popular tax free programs that can help you save up for your down payment. Simply ask your local bank or investment advisor about the Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP). Both are great for savings but if your purpose is to use the funds for a down payment, there are advantages and disadvantages. . . . .... . #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

It has been a few slow months but June definitely picked up! Happy to see that the market is becoming more active. I've been awarded as one of the top producing brokers in June. Here's to a strong 2nd half of 2020!!! . . .... . . . #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

You may think that once you've been pre-approved, that means you'll be approved for a mortgage! That is incorrect! You need to maintain your financial situation and any changes will impact your pre-approval and how much you can qualify. Here are 6 things you should NOT do when you're pre-approved! https://youtu.be/1p2hzvyd3Kk

What’s going to happen to the Canadian banks' prime rate? Is it going to go up, down, stay the same? I share my thoughts on where I think interest rates will be headed in the next 2 years . . . .... . #taxtip #accountingadvice #incorporatebusiness #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany#MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

Here are the 4 most common mistakes buyers might make when they’re purchasing a new home. Whenever we talk about buying real estate, we’re talking about hundreds of thousands to millions of dollars. Because the price is high, the costs associated with the purchase are naturally high as well. However, these are mistakes that you can avoid so that you’re minimizing your risks and costs. https://youtu.be/aO8ZDXsiJZE

Many people are switching or transferring their mortgages to another lender to take advantage of record-low rates and promotions. Although it’s easier to stick with your existing lender, you may be able to save thousands of dollars by switching your mortgage to another lender to take advance of preferred rates and features. I’m going to share with you, step-by-step, how to do this! . . . .... . #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice See more

Here are the most frequently asked questions from real estate SELLERS during the COVID-19 Pandemic ANSWERED. I had the opportunity to sit down with @jimmy.k.lee , Realtor with Royal LePage, to discuss what all real estate SELLERS are asking during the COVID-19 Pandemic: 1) Is my home going to sell in this market? 2) How are showings being conducted now to keep my family safe? ... 3) For rental properties that are tenant occupied, can we still list it for sale? . . . . . . #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

Is it a good time to buy real estate now or should we wait? Are we seeing any huge discounts in the market where people are forced to sell? What are some of the changes we're seeing in the home buying process during the COVID-19 crisis?... What is the best tip or advice for a Buyer right now? Thanks to @jordanscarpino these are all ANSWERED in this new video! #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #mortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #MortgageInsurance #MortgageLending #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

Life can go by and you may find yourself spending more than beyond your means and now you’re stuck with a whole bunch of bad debt. Here are 8 tips you can start right now to bring yourself to a better financial situation. . . . .... . . #AriseMortgage #JohnLee #GetRidofDebt #BadDebt #FinancialPlanning #PayDownDebt See more

One of my clients found my doppelganger online and decided to create a new business card for me. . . . .... . #AriseMortgage #JohnLee #newbusinesscard #doppelganger #mytwin See more

**NEW BLOG** - Here's an update about COVID-19, the economy, and the real estate and mortgage markets.... https://www.arisemortgage.ca//covid-19-and-the-mortgage-re

Hey BC! Great job with your social distancing. We're finally going to start re-opening. WOO HOO!

April 2020 real estate STATS are out! If you would like to receive the full report, feel free to contact me! . . . .... . . #AriseMortgage #JohnLee #vancouverrealestate #snapstats #metrovancouverapril2020 See more