Shane Ballard - Ballardmoney Newsletter - Edition #51 - January 2018

Shane Ballard - Mortgage Broker

Verico complete mortgage

shane@ballardmoney.com
(778) 882-4602
http://www.ballardmoney.com/

Shane - Facebook Shane - Twitter

Foreclosure / Court Ordered Sales - January 2018

 

January 2018 - New West - attached
January 2018 - Vancouver west - attached
January 2018 - Maple Ridge - attached
January 2018 - Abbotsford - attached
January 2018 - Surrey - attached
January 2018 - North Van - detached
January 2018 - Vancouver East - attached
January 2018 - Cloverdale - Detached
January 2018 - Vancouver - Detached
January 2018 - West Van - detached
January 2018 - Surrey - Detached
January 2018 - Richmoind - Detached

the trend of more detached listings than attached continues, right inline with current market conditions. 



BC Assessments Updated

 

BC Assessments Have Been Updated. Super easy to use. Look up any BC Address here

https://www.bcassessment.ca/



Christmas In Thalland

 

This year we did Christmas and New Years in Thialand.  It was an experience I never expected.  The culture and traditions are so different and is great to experience with loved ones.....One attraction we took in was a live Muay Thai fight......we managed to get a family photo.  :-)



January 2018 Commercial listings

 

January 2018 - Agri business
January 2018 - Multifamily
January 2018 - Land
January 2018 - Business w prop

Here is a list of this months new Commercial listings throughout the Lower Mainland



New Mortgage Rules in Jan 1st 2018 - Some Useful Information

 

As has been announced in the news media, mortgage borrowers with more than 20% equity or down payment will have their borrowing power reduced by at least 20% when the govt's new rules take effect on Jan 1st. As we head into the new year, here are some points to bear in mind regarding this:

1. Purchase contracts dated prior to January 1, 2018 may be approved using the old qualifying rules regardless of when you eventually apply for your mortgage

2. Any currently approved mortgage requests with material changes made after December 31, 2017 will result in the application being adjudicated according to new qualifying rules. Examples include a change of property, addition/removal of applicants etc

3. Pre approvals on applications qualified under the old rules cannot be extended beyond the original (usually) 120 day period.



3 things you should NEVER do if you want a good credit score

 

VIDEO.....

Ok, today we are going to talk about 3 things you should never do if you want a good credit score…

No matter how high your credit score is, you can always benefit by helping it get higher.
The trouble is some of the things people do to raise their score can actually lower it.

Here are 3 major DON’Ts…



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