Flora Mortgage Solutions

01/17/2024

📊 Canada’s inflation inches up to 3.4% in December, a slight bump from November’s 3.1%. According to the federal agency, Shelter inflation such as climbing rent and mortgage costs continued to drive the cost of living higher in December. Despite this increase, the annual average inflation rate decreased to 3.9% in 2023, down from the 6.8% peak in 2022

🏦What does that means for Bank of Canada? As the central bank prepares for its upcoming interest rate announcement on Jan. 24, attention will be on core inflation measures. However, these measures, including CPI-trim and CPI-median, showed no notable easing last month, indicating a potential slow decline in inflation.

The Bank of Canada is expected to maintain its key interest rate at 5% as most economists are convinced interest rates are high enough to quash inflation.

05/08/2021

📢 Exciting news

Clear Trust Mortgages is the 1st brokerage in BC to have access to all of HSBC’s mortgage products!
Providing even more lending options to tailor our clients‘ specific financial situation and needs!

04/12/2021

What can you do now?

If you’ve been thinking about refinancing or purchasing a home, this is the time! Contact me for more information📲

02/18/2021

While the sudden loss of employment is always a possibility, the current uncertainty of our economy has made more people think about the stability of their income. Whether you’ve already made an offer on a home or you’ve just started looking, here is how job loss could affect your mortgage approval.

02/11/2021

Congrats to our team for being recognized and being named in the 2021 Hot List by CMP👏🏼👏🏼

Thank you to CMP for recognizing Win Lui and his team on their 2021 Hot List. ⁣⁣
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⁣⁣It is very humbling to be recognized for the 3rd time on the Hot List amongst such dedicated and successful members of this industry. ⁣⁣
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Thank you for everyone's continuous support!⁣⁣ 👏👏👏
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01/28/2021

Don't be fooled by the easy illusion of the lowest interest rate offered!

As a Certified Mortgage Planner, we look at every angle to make sure you are in the best loan strategy based off your SPECIFIC needs!

01/22/2021

HELOC stands for Home Equity Line of Credit. It is a fancy term for a loan / line of credit you get from the lender on the equity (or the money you would receive after selling your home less the remaining mortgage loan and other expenses) in your home.

This strategy is NOT for everyone and like any strategy, carries a level of risk. For people who have lived in a house for multiple years, but do not have a ton of savings to get started in Real Estate Investing, this is worth considering.

Book a consultation with me to explore the options and make sure the numbers make sense for your long and short term financial and investment goals.

01/22/2021

HELOC stands for Home Equity Line of Credit. It is a fancy term for a loan / line of credit you get from the lender on the equity (or the money you would receive after selling your home less the remaining mortgage loan and other expenses) in your home.

This strategy is NOT for everyone and like any strategy, carries a level of risk. For people who have lived in a house for multiple years, but do not have a ton of savings to get started in Real Estate Investing, this is worth consider.

Book a consultation with me to explore the options and make sure the numbers make sense for your long and short term financial and investment goals.

01/15/2021

In today’s housing market, timing is everything. It’s very important to consult with us to strategize properly.

01/08/2021

Swipe left to learn more.

Now, if you make a withdrawal from your RRSP, but do not meet the first-time homebuyer eligibility requirements, this withdrawal will be taxed and you must include it in your income tax statement as taxable income. 

There are numbers of criteria to meet as a first-time home buyer, contact me for more information!

12/09/2020

📣Attention Freelancer, Independent Contractor and sole proprietor!