Awesome October 2017.

Nitish Arora - Mortgage Broker

Mortgageslab Financial Inc

info@nitisharora.com
604 - 354 - 4743
http://www.nitisharora.com/

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Foreclosures

 

Oct 2017 Abbotsford Detached
Oct 2017 Burnaby Attached
Oct 2017 Burnaby Detached
Oct 2017 Chilliwack Attached
Sept 2017 Chilliwack Detached
Oct 2017 Coquitlam Attached
Oct 2017 Delta Detached
Oct 2017 New Westminster Attached
Oct 2017 North Vancouver Attached
Oct 2017 North Vancouver Detached
Oct 2017 Pitt Meadows Attached
Oct 2017 Pitt Meadows Detached
Oct 2017 Port Coquitlam Attached
Oct 2017 Port Moody Attached
Oct 2017 Port Moody Detached
Oct 2017 Richmond Attached
Oct 2017 Surrey Detached
Oct 2017 Vancouver Attached
Oct 2017 Vancouver Detached
Oct 2017 West Vancouver Detached

Above is a list of foreclosures in the Lower Mainland.  There are some great deals to be had for either your own home or as a rental property.   Check them out at the links above.



The Government of Canada is expected to release more mortgage rules this fall of 2017

 

Just when you thought that it couldn't get worse, it's about to. The government of Canada is predicted to approve yet more mortgage rules to slow down the market. OSFI (The Office of the Superintendent of Financial Institutions) proposed new guidelines that include stress tests for uninsured mortgages. These are mortgages where you put 20% down or greater. They have not told us when this will happen but only that it will likely happen this Fall.



7 surprising facts about your credit score

 

Having a solid credit history with a good credit score can open doors to lower interest rates and other benefits. But what exactly is a credit score and how can you improve it if it's lacking?

A credit score is a three-digit number that lenders use to assess your credit worthiness. The lower your score, the riskier you're considered. There are a variety of credit scores that use different formulas. Canadian credit scores range from 300 to 900 points and are produced by lenders and credit reporting agencies under different brand names, such as Beacon and FICO.

The exact formula that a credit bureau applies to calculate your score is a closely guarded secret. But the Financial Consumer Agency of Canada (FCAC) says top factors include your payment history, the percentage of your available credit that's in use, the length of your credit history, the types of credit you have used and the number of credit inquiries on your record.



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/



Family gets together for Thanksgiving Dinner .

 



Time to Give Thanks!

 

The weather has officially cooled off and the leaves are changing. Fall is a magnificent time of year where the scenery is gorgeous and the activities are exciting. Pumpkin carving, apple picking, thanksgiving, and the list goes on. Thanksgiving is one of my favourite holidays! You get to spend time with your family, and take a moment to see how lucky we really are. I am so grateful not only for my friends and family, but the wonderful clients I deal with on a daily basis. I just want to take this time to thank all the amazing people in my life that make this work more than fulfilling. Cheers to you!



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