Kimberly Pierce INVIS Pacific View Mortgages
1984 Comox Ave V9M 3M7 Comox, BC, Canada

Mortgage rates are very complex, which causes confusion and questions. Will fixed rates keep rising? When will the Bank of Canada start increasing the overnight rate, which can cause variable rates to rise? Why are all online posted rates for insured mortgages while few people can get that rate? Why are there rate premiums for certain situations? What rate do you actually qualify for, and why can it be so different from what your neighbour got? The best answer is to get professional advice. To navigate the complexity and better understand rates and what you qualify for, get in touch.

The Bank of Canada announced today that it is maintaining the benchmark rate, noting that our recovery is better than anticipated but that economic slack and uncertainty remain, particularly given the rise of more transmissible variants of COVID-19. The Bank has determined that the recovery continues to require extraordinary monetary policy support, and they will continue with quantitative easy until the recovery is well underway. The Bank did not comment on when they believe... the economy will have recovered enough to raise rates. With rates still extremely low, this is a great time to get in touch for a review of your mortgage strategy. It's important to get advice and a professional assessment of your situation if you want to switch your mortgage for a lower rate, need a new mortgage, are renewing, or looking to refinance for debt consolidation, renovations or other large expenditures.

Spring is in the air... are you thinking renovations? Many people are looking at improving their homes for enjoyment or functionality like adding a home office or getting into the market with a fixer-upper. It's worthwhile understanding which home renovations can help boost the value of your home and go straight to your bottom line. I'm here to help you finance your renovation project so you can maximize your bottom line and personal home enjoyment.

Enjoy your long weekend! Hope the Bunny finds you!

There has been a flurry of refinance activity over the last year given our rock-bottom interest rates, providing homeowners with access to today’s low rates and the most cost-effective way to get needed funds. Refinancing means getting out of your current mortgage and replacing it with a new one. A minimum of 20% home equity is required to complete a refinance. Since breaking your current mortgage comes with a fee, I can complete a personalized cost/benefit analysis so you ...can determine whether refinancing makes sense. With fixed rates edging up, there may not be any benefit to waiting to see if you can get a better deal later.

Real Estate & Mortgage Terms 101

There are so many reasons to work with a Mortgage Broker instead of your Bank! Asking the Bank which mortgage you should get is like going to a Ford dealership and asking which car you should buy. When you have choice, you can be confident you're getting the best rate and mortgage for your situation.

Spring is in the air!

Fixed rates are at some of the lowest levels we've ever seen. If you need a mortgage within the next 4 months, get a rate hold NOW. It doesn't cost you anything to grab on to today's amazing rates!

So nice to get messages like this from clients! Great way to start the week off! Hi Kimberly, I would like to thank you from the bottom of my heart for all your hard work! I have no words to describe how grateful I am! You’re absolutely amazing at what you do! Thank you! Thank you!

There are definitely ways you can improve your ability to qualify for a mortgage. To get an idea of what strategies will work best for you, we should have a conversation as early in the process as possible. Being well-prepared will reduce stress and possibly save you money. Get in touch and make sure your experience is both happy and successful!

"Instead of rushing to complete your dream renovation, it’s important to prioritize taking on those tasks that will be good for the overall health of your home." Great advice! Make a list of renovation 'needs' and 'wants' and go from there.

Cash Back Mortgage rates are lower than they have typically been, causing an upswing in use by first-time home buyers. Getting 3% cash back of the total mortgage amount can be a big financial boost and provide much-needed breathing room after closing on the most expensive purchase most people make. The funds can help pay for things like closing costs, renovations, and moving costs. Interested in learning more? Let's discuss whether a cash-back mortgage fits your needs.

The Financial Consumer Agency of Canada has a comprehensive website with tips and tools to help you better understand your finances with a focus on our challenging times. The site will help you think more about your financial well-being - https://bit.ly/3eRmGPe

With mortgage deferrals ending, there are options for those in need. I'm here to help!

Attention renters! Your rent payments can now build your credit score. It makes sense that those who pay their rent on time all the time have that counted towards their credit score. This will help those who are planning to buy a home at some point. It may better help them qualify for a mortgage and have access to the best possible rates. Read more here https://bit.ly/2GXW4yW

As expected, the Bank of Canada announced today that it is keeping the overnight rate steady at 0.25%. It is expected the Bank will keep this target unchanged until well into 2023 to aid Canada's economic recovery. With this stable, low interest environment it’s never been a better time for qualifying homeowners to refinance to consolidate debt to improve cash flow, save interest costs and protect their credit scores. Get in touch any time for advice and a personal assessment of your situation if you need a new mortgage or want to change your current mortgage strategy.