ApproveU.ca - Mortgage Approved

ApproveU.ca - Mortgage Approved ApproveU.ca - Mortgage Approved Nowadays, how do you know you’re getting the best mortgage? Welcome to ApproveU.ca.

The internet gives you too many vague options … and your bank wont advise if theres a better option for you at another bank. Speak with a mortgage consultant that can cut down the clutter of information available online and guide you to the best mortgage on the market. Here you will find experienced, expert advice, with solutions tailored to you. ApproveU.ca is a website created by active licensed mortgage broker Armando Cuccione license with The Mortgage Advantage.

03/06/2025

Lenders in BC determine your home’s appraised value based on recent market sales, property condition, location, and upgrades. A professional appraiser assesses these factors to ensure the home’s value aligns with current market trends before approving financing.
Thinking of accessing your home equity? Know your home’s worth first! 📲 DM us to learn more.

03/05/2025

Just because the bank says no or your credit isn't great doesn’t mean you’re out of luck. If you own a home, you can still access your equity to pay off debt, cover expenses, or invest in your future. Your home’s value can work for you, even when your credit isn’t perfect. Lower your monthly payments, improve your cash flow, and get the financial breathing room you need—all without selling your home.

DM us now to explore your options! 🚀

03/03/2025

Get cash upfront to build a basement suite, laneway home, or coach house—start earning rental income faster! 💰🏡

03/02/2025

If you’ve made all your mortgage payments on time, renewal should be straightforward. While there’s room for negotiation, you shouldn’t have to stress about gathering documents like you did the first time. Just focus on getting the best terms possible!

02/28/2025

Closing on a pre-sale property but can’t qualify for a mortgage anymore? You’re not alone. Here’s what you can do to still close the deal and avoid losing your deposit!

02/26/2025

Need cash now and want to access your home equity? Private lending can help—but the goal is to get back to A-lending. Here’s how to do it.

02/25/2025

Our aging parents shouldn’t have to worry about medical costs. If they own a home, they may be sitting on the financial solution they need. We help families access home equity quickly—without the stress. DM for details! ”

02/24/2025

Is your mortgage up for renewal soon? Listen up for some tips that can help right now!

06/05/2024

🚨 **Interest Rate Update!** 🚨

With the Bank of Canada reducing interest rates, you might expect significant changes in mortgage approvals and payments. However, the reality for 2024 might not meet these expectations.

🔍 Here's the scoop:
- **Variable Rate Impact**: A 0.25% drop reduces payments by about $15 per $100k of mortgage. For static variable rate payments, more will go to principal.
- **New Mortgages**: A 0.25% decrease can increase your mortgage approval amount by $10k per $500k.
- **Fixed vs. Variable Rates**: Fixed rates are currently lower than variable rates. Even with rate cuts, fixed rates might still be the better option throughout 2024.
- **Future Forecasts**: Variable rates may drop 0.75% by end of 2024, with more changes expected in 2025.

📅 **Advice**: If your mortgage is up for renewal in the 2nd half of 2024 or 2025, consult with your mortgage advisor 4 months in advance to optimize your savings.

Lower rates will also benefit other variable-rate debts like lines of credit, car loans, and business loans.

One things for sure, lower rates are welcomed by all! 💸

02/08/2024

NOTE! Equity lending does not follow these rules! A borrower can get an even higher mortgage amount if the property they are financing has 25% or more equity through bank high net worth programs, commercial property cash flow, or alternative private lending.

Save this video as a guideline and share with the first person that comes to mind that you think will find this information useful.

Comment or direct message for personalized mortgage advice.

1 year after the Bank of Canada (BOC) began raising rates they have decided to pause rate hikes, for now. Since March 2...
03/08/2023

1 year after the Bank of Canada (BOC) began raising rates they have decided to pause rate hikes, for now. Since March 2022 the BOC has raised rates by 4.25%. March 2023 marks the end of the rate hike cycle. Prime rate with most lenders remains at 6.70%.

Historically, when the BOC pauses their rate hikes, they are typically done. Today's economic environment is however unique and the BOC made the following notable statement indicating they are prepared to continue increases if they see fit:

"Governing Council will continue to assess economic developments and the impact of past interest rate increases, and is prepared to increase the policy rate further if needed to return inflation to the 2% target"

For those who intend to stay in their mortgage long term and are worried about the Bank of Canada’s next meeting on April 12 feel free to contact us to discuss options that may be available for you.



01/04/2023

Those feeling the pinch on monthly payments and are needing some short term relief can consider unsecured financing to bridge them through these higher interest times. Use these tips with caution however as there should always be a game plan to pay the loans back when borrowing short term. Always borrow with a clear exit. More debt can give temporary financial relief but will cause longer term pain if there's no way to pay it back.

Homeowners needing advise can contact us for individualized confidential consultations to get clarity on the right move to provide the financial relief needed.

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560/171 Esplanade W
North Vancouver, BC
V7M3J9

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Monday 8am - 5pm
Tuesday 9am - 5pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm
Saturday 9am - 5pm
Sunday 9am - 3pm

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