Riker The Wire Fox Terrier
  
Riker is 9-months now. He loves to go on long walks on the beach and enjoys sniffing. My favorite thing in the world is catching his smile.
The End of Easy HELOC's?
NEWS - According to OSFI (Office of the Superintendent of Financial Institutions) changes may be coming that will restrict the amounts you may potentially borrow through a Line of Credit on your home. These LOC's, know as HELOC's or Home Equity Lines of Credit, are the least expensive access to borrowing cash as the loan is secured against the value of your home and typically run at Bank of Canada Prime +.50%.
If you've been considering adding one of these to your current mortgage, at renewal or during a refinance, now is the time before these rules change. Please reach out at 604-618-2017 or email me at krista@kristakleinmortgages.ca to discuss your plans and why a HELOC is something you may wish to add on or increase while you still can.
Thinking of Purchasing in the Next 2-4months?
You have probably heard rates have been going up. This means you need to have something in place in anticipation of your purchase.
If you are considering purchasing a property in the next 2-4 months, you can hold a rate for up to 120 days. This means if you get your offer accepted, the lender will honor the rate held.
If rates happen to go below the rate we have held, we simply receive the lower rate.
It's a win/win for you.
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