Look I'm in a Studio
  
Okay well I wasn't really recording music, but it was still fun to pretend. At the end of Summer I made a quick trip to Kelowna with some friends for a few days. Obviously being there we had to check out some wineries. One of the more interesting ones, was a place called 'Frequency' where they studied how sound affected the results of each wine.
They have a small studio in there as well for people who wanted to record music. So this was us being posers.
Mortgage Financing Is Becoming More Difficult
There has been a lot of legislation since 2008 that has come down to tighten mortgage financing.
What most people don't realize, is a large portion of it only applies to federally regulated lenders.
Provincially regulated lenders such as credit unions have not been exposed to these regulations (as much).
So, what's the problem?
Well, the credit unions are now jammed with deals that the federally regulated lenders can't touch.
This does 2 things:
1. Underwriting can take a month +
2. Higher rates
What's the solution?
Plan for your specific situation, relative to the type of property you want to purchase.
Who does this for you? ... Me. Reach me directly at 604-779-4249 - I am always here to assist you.
7 Reasons Buying Beats Renting
Why Buying a Home is Better than Renting
Conventional wisdom used to state that buying a home is always a great investment. But after the housing crisis, many people who saw their equity sliced in half began questioning this logic.
That’s unfortunate. In most parts of the U.S., home buying is still a better decision than renting for people who plan to remain in the space for at least 4-5 years or more, both for financial and emotional reasons. Let’s explore some of these factors in-depth.
Price Security in Home Buying
Historically, prices tend to rise over time. For example, a loaf of bread, a gallon of milk, and a semester of college tuition cost more today than they did in 1990.
Your mortgage payment, however, is one constant you can rely upon. If you hold a fixed-rate mortgage, your monthly principle and interest (P&I) payment remains the same, regardless of how prices are moving in other industries. (Your property taxes and homeowners insurance may rise.)
Continue Article Here...https://www.coldwellbanker.com/blog/why-buying-a-home-is-better-than-renting/
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