Yearly Archives : 2015

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RENEWAL RANCOR: The Games Banks Play

RENEWAL RANCOR: The Games Banks Play
Five weeks ago, a client of mine contacted me – knowing that her mortgage was up for renewal on December 15, and wanting to explore her alternatives.

Her existing 5-year closed mortgage was fixed at 3.49% and she knew rates were now lower, regardless of a

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DIGGING OUT: Miner Consolidates Debt

DIGGING OUT: Miner Consolidates Debt

A geological entrepreneur reached out to me a couple of weeks ago for help. He’d been involved for decades in the world of mineral exploration – a prevalent industry in our city that has certainly gone through its share of highs and lows.

During more recent highs

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Retiree Mortgage Solves Downsizing Dilemma

Retiree Mortgage Solves Downsizing Dilemma
A retired couple recently reached out to me for assistance in downsizing from their beautiful West Vancouver house to a stunning waterfront condo 3km away.

They owned the house outright and had only given casual thought to selling the empty nest – until the apartment suddenly became

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Toma Sojonky in Canadian Business Magazine

Fixed-rate mortgages look attractive as advantage of variable rate shrinks
Oct 1, 2015 Craig Wong, The Canadian Press
Read the Article Here

OTTAWA – The difference between the interest on a variable-rate mortgage over a fixed-rate loan has shrunk compared to where it was just a few years ago, making fixed-rate offerings more tempting.

Mortgage

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CMHC Making Legal Secondary Suites More Appealing

New CMHC rules make it easier for some homebuyers to include rental income in mortgage application
Changes to mortgage rules mean that some home buyers in Metro Vancouver’s hot housing market may soon get a break when it comes to their loan application.

Currently, home buyers with a deposit of less than 20 per cent

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Toma Sojonky - Mortgage Advisor

Mortgage Brokers Association of BC
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