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    • I’ll Donate One Can of Food For Every Rating or Comment…
    • 02NOV
      0 Comments

      The Problem With Decorating Allowances

      In order to maintain a certain price point, many sellers of new properties will offer “incentives” to purchasers in lieu of a reduction in the price. The most common one is to include a “decorating allowance”. I have seen “decorating allowances” as high as $100,000 but they can be of any amount. This basically means

      • Posted by Wayne Mah
      • First-Time Buyers
      • Real Estate
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    • 29OCT
      0 Comments

      Stated Income Vs. Equity: What is the difference?

      I had the pleasure of training a few new Mortgage Planners yesterday in our office. One of the most interesting topics that was discussed was “Isn’t equity and stated income financing the same?” The answer is “NO”. Let me explain. Many institutional lenders (banks, credit unions, etc.) and all three mortgage insurers (CMHC, Genworth & AIG )

      • Posted by Wayne Mah
      • Equity
      • Opinion
      • Self-employed
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    • 28OCT
      0 Comments

      Bank happy to “Talk” loonie down…

      Bank of Canada governor Mark Carney told federal MPs on  Tuesday that central-bank intervention in currency markets  — on its own — “seldom” works unless backed by other appropriate policy measures. Further, he added, the decision to intervene is “not to be taken lightly,” and should be executed only if the dollar’s movements would have

      • Posted by Shaun Zipursky
      • Bank of Canada
      • Mortgage Rates
      • Opinion
      • Variable Rate
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    Rowan Smith, MBI

    rowan@citywidemortgage.ca
    T: 604-657-6775
    F: 1-888-282-5760

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
    • V6H 1G7

    cwf@citywidemortgage.ca

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