If you haven’t already heard, the Bank of Canada has raised its key lending rate by 0.50%. Watch this short video on what it means for you and your mortgage: How does this affect my current mortgage? In other words … If you have a variable rate mortgage or variable home equity lines of credit… The post How Rate Increases Affect Your Mortgage appeared first on Mortgage By Tori: Mortgage Broker In Vancouver.

To avoid missed opportunities, here are my TOP TIPS to ensure you’re getting the most out of your mortgage renewal. SAVINGS is at the top of the list. Pro Tip #1: Come on over! Make the switch to a broker. How’s this for irony: a recent Bank of Canada study found that using a broker… The post PRO TIPS For Your Mortgage Renewal appeared first on Mortgage By Tori: Mortgage Broker In Vancouver.

If you’ve ever felt unsure of the best approach to take in regards to buying a house, you’re certainly not alone. It can feel overwhelming, and when it comes to understanding all the moving parts, speaking with a mortgage expert you can trust and who can deliver information in digestible parts will make all the… The post Get PreQualified BEFORE You Start Your Search appeared first on Mortgage By Tori: Mortgage Broker In Vancouver.

If you’re sitting there waiting for home prices to drop, KNOW THIS … Historically, TWO things happen in a declining market:  Banks will require a bigger down payment  Interest rates increase! Which means you would be paying MORE INTEREST in the long run AND you’ll be paying thousands more dollars more for a BIGGER DOWN… The post No one EVER talks about this! appeared first on Mortgage By Tori: Mortgage Broker In Vancouver.

Banks have ONLY their own products to offer while your broker has way more selection when it comes to rates, lender options and available product for your mortgage.  Not all mortgages are apples to apples. Structure can be tailored to your lifestyle depending on your equity into the property. Working with a broker RIGHT NOW to have… The post Broker vs Bank appeared first on Mortgage By Tori: Mortgage Broker In Vancouver.