Jason Pinkney
1385 8th Ave W # 105 V6H 3V9 Vancouver, BC, Canada

This is an interesting look at what has become the hot topic of 2016.

In light of the new down payment requirements, here is an example of the down payment required for a property purchase price of $750,000.00.

Are you prepared? Take the time to come up with a plan and be prepared! Make the safety of you and your family one of your top New Years resolutions for 2016.

Take a moment to remember those that sacrifice everything so that we may have the freedoms and opportunities enjoyed by all of us at home here in Canada.

Your voice is not heard unless you get out and vote.

I hope everyone enjoys some turkey and quality time with their family. Have a great long weekend. Thank you all for your support.

Congratulations to my clients CC and NC on your first house in Vancouver. Very happy for you both.

Congratulations to my clients FK and BK on your townhouse in Steveston.

We just had to make an insurance claim on our rental. Worth ensuring you have the proper coverage. Very thankful we did!

Do you have a rental suite? Is it properly insured? An undeclared suite can void homeowners insurance Tara Carman, Vancouver Sun...Continue reading

Mortgages rates may be going down but our grocery bills could be going up.

The major banks have reduced their Prime lending rate. Prime is down to 2.85% from 3%. This is great news for variable rate mortgages and Lines of Credit tied to Prime. The rate war is heating up for the busy spring market.

I would like to take this opportunity to thank all of our family and friends for their continued support. After a brief period away from updating our Facebook page, we are back and ready for a busy spring market. We would like to introduce our new office manager, Hannah. Contact us today to find out how we can save you money on your next mortgage.

Once again I had the opportunity to help more great people. Thank you Darryl and Barbara-Anne. I am happy that we could help you reach your goals and save you some money.

Congratulations to my clients Josh and April for closing on their brand new town home. It was my pleasure to be able to help such wonderful people.

Good Credit is a key factor to getting a good mortgage. Theres more to a credit report than a score. Your Equifax Beacon Score gives lenders a view into your credit rating and informs them how risky it would be for them to offer you a mortgage. Your risk level determines what rate you will be offered as well it will affect whether you will get approved or not. For this reason it is important to know what affects it.... Beacon scores range from 300 to a perfect score of 900. The average Canadian adult has a Beacon near 700. Many people think you need a score in the 800s to get great mortgage rates, but that is not the case. Only 11% of Canadians rank above 800, and its virtually unheard of to see a Beacon near 900. A score of 680-700 is all you need to qualify for todays best mortgage rates. In certain scenarios even a score of 600 can get you a decent rate. You can have good income and a 700 credit score (which is about average) and still not qualify for a mortgage. The reason is that lenders generally look for one key factor: repayment history. Suppose, for example, that you have a 710 credit score but only one credit account. Worse yet, that one account is a credit card that youve had for only two months. Before that, youve had either no credit or bad credit (most likely, any bad credit would be from a few years ago, given your score). In this case, your 710 score may not get the job done. Lenders often want to see a minimum of 1-2 years of satisfactory payment history and at least two trade lines (loans or revolving credit accounts). A trade line can consist of a major credit card with a $1,500+ limit (a rough rule of thumb), a revolving credit line, a reported lease, or an instalment loan (like a vehicle or investment loan). So, if you have no credit and you hope to apply for a mortgage, start building credit pronto! Get a credit card (even if its secured), a small installment loan, a Future Shop card, whatever. And dont ever make a late payment. Many lenders require squeaky clean repayment history for at least 1-2 years. Of course, there are lots of exceptions to the above--including cases where a co-signor or alternative credit can make up for traditional repayment history. If you have questions about your own unique circumstances, feel free to call me anytime. I am always happy to help. Jason 604-516-9974

Save at renewal time by using a mortgage broker Consumers are becoming much more informed about mortgages and mortgage products before taking the plunge into home ownership. According to the Canadian Mortgage and Housing Corporations (CMHC) 2013 Consumer Survey, 70% of buyers researched terms and conditions, 60% discussed the pros and cons of various mortgage products with professionals and 59% compared interest rates. Because consumers are highly engaged, they are more conf...Continue reading

Why use a Mortgage Broker? As a Licensed Mortgage Broker I will negotiate your next mortgage with your best interests in mind. My only job is to ensure your satisfaction while saving you money!

What do you need for a downpayment? No matter if youre a first time home buyer or a repeat buyer the minimum down payment for an owner occupied home is 5%. If youre buying a rental property then the minimum down payment is 20%. If youre thinking about buying a home feel free to give me a call to go over the process!

Bank of Canada lowers the Qualifying Intrest Rate The benchmark qualifying rate for insured high-ratio mortgages is now 4.99%. It is down from 5.24% Borrowers will now have to qualify based on the 4.99% interest rate if they want to choose a variable or a 1 - 4 year fixed term if youre putting down less than 20%.... Want to know how much mortgage youll qualify for? Contact me today to see if I can help!

Congratulations to my client Steven for closing on his condo in Vancouver today.

CMHC and Genworth have added just a few more dollars to the home buying process for those of you with less than 20% as your down payment.

Thank you to my clients Trevor and Paige for allowing me to help you with your mortgage renewal.

Congratulations to my client Dan for closing on his condo.

Government reduces tax burden on first-time buyers First-time home buyers received welcome news in todays provincial budget. The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.... The partial exemption continues and will apply to homes valued between $475,000 and $500,000. With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home. Call me anytime with questions. 604-516-9974

Worried about your financial situation? Have credit card debt you cant seem to pay down? I may be able to help. Call me to arrange a free consultation.... 604-516-9974 See more