Tien Ho Mortgages - March 2019

Tien Ho - Mortgage Advisor

MortgagesLab Financial Inc.

tien.ho@mortgageslab.ca
604-779-4249

Tien - Facebook Tien - Linkedin

Refinance Low, Buy Low

 

Most people sell their small property and upgrade into a larger property. When they do this, they are selling high and buying high or they are selling low and buying low.  

Since the market has dropped since that crazy peak we saw a couple years ago, a better solution could be to refinance your current property, keep it and rent it out, then purchase another property at current market lows. 

For example, if your condo is worth $500k and you have a $200k mortgage on it, you could pull out $200k in equity. This $200k in equity can then be used to purchase $1.0 million dollar home. It may be easier than you think when everything is structured properly!

You're not forced to sell your condo and you get to upgrade into a bigger home.

This also works for purchasing rentals. 



Foreclosures

 

Mar 2019 Abbotsford Detached
Mar 2019 Abbotsford Attached
Mar 2019 Burnaby Attached
Mar 2019 Chilliwack Detached
Mar 2019 Commercial
Mar 2019 Coquitlam Attached
Mar 2019 Langley Detached
Mar 2019 Langley Attached
Mar 2019 Land
Mar 2019 Maple Ridge Detached
Mar 2019 Multifamily
Mar 2019 New Westminster Detached
Mar 2019 New Westminster Attached
Mar 2019 North Vancouver Detached
Mar 2019 Pitt Meadows Detached
Mar 2019 Port Coquitlam Detached
Mar 2019 Port Moody Detached
Mar 2019 Richmond Detached
Mar 2019 Richmond Attached
Mar 2019 Squamish Detached
Mar 2019 Surrey Detached
Mar 2019 Surrey Attached
Mar 2019 Vancouver Attached
Mar 2019 Vancouver Detached
Mar 2019 West Vancouver Attached
Mar 2019 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.

If you decide to go this route, I recommend working with a realtor who is well versed with the foreclosure process. 



Be Ready! It's Buyer's Market

 

As most of you are well aware, the sales of real estate in Greater Vancouver have been slowing significantly since last fall. This has given buyers that were holding off their purchases, a great opportunity to make much better deals. If you'd like to be ready when the right property comes along, let's get you pre-approved with the right mortgage first. We have lenders in every area for every type of property and client. Text or Call me now at: 604.779.4249



Seattle for Trey Songz

 

Anyone that knows me, knows I truly love my R&B music. I finally got to see one of my top artists 'Trey Songz' down in Seattle. I was always hoping he would make a trip to Vancouver some day but guess that never happened.

It was a nice drive down with my girlfriend and a small getaway from work for both of us. This is the only photo we have and I almost felt I was the only one from Vancouver that actually went there to see this show.



Investment Opportunity - AirBnb Rental

 

In this business, I do meet a lot of realtors and some of them can be great sources of referrals for me. So I want to do my part and continuously show support to them when I can. I decided I will feature some of the many that I work with and if they happen to have something interesting I can share with everyone, then why not?

Brian Suico of Sutton West Coast Realty has a great investment opportunity for anyone looking for some extra income. Downtown property on Alberni Street listed at $1,068,000 and allows for AirBnB which gives some great return monthly.

For more questions or inquires please contact Brian at brian@briansuico.com or by phone at 604-377-8510



Will House prices bottom out this year?

 

Will House prices bottom out this year?

Housing industry leaders say Metro Vancouverites can expect to see single-family home prices continue to fall this year along with some softening in the prices of new multi-family homes. But if you are counting on the housing market to be hit by a true recession, you may end up waiting a long, long time.



Newsletter not displaying properly? Click here to view on the web