Welcome to our "What Happens?" series where we break down and demystify the mortgage and home buying process that are often forgotten or confusing for borrowers from the outside looking in.
The Mortgage Pug Blog with new and updated information about local Langley and Vancouver Mortgages and Real Estate. For the best mortgage broker advice including videos, articles and infographics showing you how to save money and shave time off of your mortgage make sure to subscribe.
Closing costs are, put simply the fees and payments a buyer must pay to complete a real estate transaction. It is important to know about these costs since most mortgage lenders will ask that you show proof of the funds. In addition to the downpayment, home buyers are suggested to budget for up-front closing costs of between 1.5% and 2% of the purchase price.Read More
When purchasing a home for the first time on top of all of the excitement of sorting out down payments, house hunting and all of the other considerations there is one VERY important cost to consider along with your mortgage. Read on to find out what that is!Read More
More lenders are moving to collateral charge mortgages so it’s becoming increasingly important to understand the differences between a collateral and standard charge mortgage. Which is better for you? They both have advantages and disadvantages so it all depends on your preferences and future needs. It’s important to understand those differences so you can make sure you get the mortgage that best fits your long-term goals.Read More
Here's a handy little infographic breaking down why the #mortgagepug (or broker) beats the bank! So what will it be? Bank or broker? Here’s a little comparison that we hope will encourage you to shop around Vancouver.Read More
Mortgages 101: Your Top Questions Answered is a introduction to understanding mortgage terms such as fixed or variable, types of payments, what ammortization is and answers the big burning question....What IS a mortgage really??Read More
Alex McFadyen Mortgage Advisor Langley, Vancouver Area, Canada. Saving money with Canadian Mortgage Experts and Dominion Lending Centres Mortgages.