Christine Buemann Mortgage Broker

The Mortgage Broker Advantage With all of the changes in the mortgage world lately, it is no secret that financing has become increasingly difficult to obtain. They have not only tightened up lending guidelines, but most lenders are being very conservative with their approvals. We are seeing far less exceptions being made on deals and increased requirements from borrowers. Whether or not you agree with the changes, everyone can agree that obtaining a mortgage is a far more complex process now than in the past. In these times, Mortgage Brokers are finding that they have a major advantage over bank reps simply by their diversity. Every lender has their own set of guidelines and no two lenders are exactly alike. Files can be declined based on one simple area of an application that does not fit that particular lender’s guidelines. It does not necessarily mean that the borrower is not qualified for a mortgage, it simply means that they do not fit that lender’s guidelines. When you use ...

Hello everyone, It is my pleasure to let you know that we have upgraded our name from Verico LendingMax Mortgage Corp. to Verico Premium Mortgage Corp. My new e-mail address will be christine@premiummortgage.ca however I will still be receiving e-mails sent to my previous address for some time. The rest of my contact information will stay the same. Christine Buemann 1596 3 rd Ave. Prince George , BC V2L 3G4 Phone 250-612-9140 Fax 1-866-339-6394 Email christine@premiummortgage.ca Website www.christinebuemann.com

The Bank of Canada decided yet again today to maintain it's target for the overnight rate at 1%. In turn, Prime Rate will remain at 3% http://www.bankofcanada.ca/monetary-policy-introduction/key-interest-rate/   http://www.christinebuemann.com/

These summer days are long and hot, but there’s a definite cooling in the country’s two biggest housing markets. In Vancouver the local real estate board reports a sharp, 17% drop in sales in June, compared to May and a, nearly, 28% slide compared to a year ago. There are signs foreign investors have lost interest in Vancouver and buyers are backing away from deals because they find themselves too close to the debt-load maximums set by Ottawa. Buyers, it seems, are heeding the warnings of impending interest rate hikes. While the benchmark price of a detached home in Vancouver is holding steady at a little more than $960,000 economists are predicting a 15% correction for the market. And realtors report sellers are starting to cut their asking prices, hinting at a turn to a buyers’ market for Canada’s most expensive realestate. In Toronto the smoking hot condo market, that has the finance minister so worried, has taken a splash of cold water. Sales of, mainly existing, down town co...

As of today, the new mortgage rules for insured mortgages are officially in effect. The major change that most people have been discussing is the shortening in maximum amortization from 30 years to 25 years. How will this affect people who were pre-approved under the old rules, but now will have to abide by the new ones? Here are some approximate numbers for the following mortgage amounts over a 5 year term at a fixed rate of 3.19%: $200,000 -payment increase of $100 a month -total interest savings of $510 over a 5 year term -total reduction of principle by $6,790 over the term $250,000 -payment increase of $130 a month -total interest savings of $640 over the term -total reduction of principle by $8,480 over the term $300,000 -payment increase of $150 a month -total interest savings of $770 over the term -total reduction of principle by $10,180 over the term Please also keep in mind that an increase in monthly payment also means that you will qualify for slightly l...

It is that time of year again… property tax time! There are several ways that homeowners can pay their property taxes: Pay them annually or make arrangements at City Hall to make instalments throughout the year. Here is their contact information: http://princegeorge.ca/Pages/Contact.aspx If you have a mortgage on your property, your lender may pay them on your behalf and take out monthly instalments with your mortgage payment. If you have purchased a home in the last several months, it is important to find out your lender’s guidelines on property tax payments. Some lenders will start collecting for next year and it will still be your responsibility to pay for this year’s taxes. If you cannot find your property tax information, you can search for it here: https://cobweb.city.pg.bc.ca/tempestlive/webinquiry/frames.cfm      It is also important to claim your Home Owner’s Grant if you qualify. Even if your lender is pa...