Mortgage Advice

Mortgage Advice WHAT IS A PRE-PAYMENT PRIVILEGES Browne Mortgage Team    Aug 16 When it comes to managing your mortgage, it’s essential to know the ins and outs of penalties and prepayment options that can impact your financial journey. Here are some key points to consider: 1. Your Payment Power: When you are paying off your mortgage early it’s essential to understand […]
Navigating New Construction Mortgages Browne Mortgage Team    Jul 17 We’ve recently observed a notable uptick in new construction mortgages. Are you also interested in new constructions? From assignment clauses to the practicalities of closing dates, here are some critical aspects Fraser Valley residents should be aware of. Understanding Assignment Clauses The assignment clause is one of the most […]
WHAT IS THE SECONDARY SUITE INCENTIVE PROGRAM? Browne Mortgage Team   Jun 14 Are you curious about how to increase the value of your property or generate extra income? Consider adding a secondary suite to your single-family home. A secondary suite is a self-contained living unit within your single-family home, often including a separate entrance, kitchen, bathroom, and living area. This unit offers […]
CONSOLIDATE YOUR DEBT WITH A MORTGAGE Brown Mortgage Team   May 22 What is Debt Consolidation? Are you weighed down by debate and need a way to reduce monthly payments? Debt consolidation is the process of obtaining a new loan to pay off several smaller loans, debts, or bills. By combining these smaller debts into one loan with a single monthly payment, […]
Mortgage Advice GOVENMENT CHANGES TO ALLOW FOR LONGER AMORTIZATION Browne Mortgage Team   Apr 19 While the government tries to help they seem to get in their own way.  Here is their most recent proposal, while it helps a few people we feel it does not reach the masses of first-time buyers that need support. If you’re planning to buy a new home in Canada […]
Mortgage Advice IS PAYING A HIGHER MORTGAGE RATE WORTH IT? Browne Mortgage Team   Mar 15 Should you pay a higher rate…..the answer might be yes Recently we have encountered many self employed individuals coming to us looking for a mortgage.   In many cases, they have talked to their current lender, who have stated that the individual will need to claim $120,000 in income to qualify […]
WHAT TO DO IF YOU MISSED A MORTGAGE PAYMENT Browne Mortgage Team   Feb 16 Owning a home is a huge achievement for most people having a place to call your own but it comes with several financial obligations, one being your mortgage payments. We understand that life is unpredictable and financial setbacks can happen to anyone. Let’s work together to minimize the impact. HOW LATE […]
Mortgage Advice Why Loyalty to Your Bank May Cost You Browne Mortgage Team       Jan 23 If there is one thing we hear from clients all the time when they come to talk to us looking for other options is their reluctance to switch banks. Saying “But our bank has been so good to us, we’ve been clients for years” based on the quality […]
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