April Lee, Accredited Mortgage Professional

03/03/2022

HELOC at P-0.15%, that's 2.55% with a major bank plus up to $1200 cash bonus to help with setup costs! Now this is a deal. A HELOC is a revolving mortgage product great for accessing the equity in your home whenever you want to use it, and there are no carrying costs if unused. Contact me to access this rate, if you want to switch over your HELOC or have one set up, or simply inquire and confirm eligibility.

01/07/2020

I always look forward to checking out BC Assessment values when they come out at the top of the year. I feel it somehow contributes to setting the tone for activity in the first 2 quarters. Coupled with perpetual low interest rates, what do you predict activity will be like this spring? Hint: Those who plan have already contacted me for their mortgage options 💪. Contact me today to get your planning underway!

Residential property values across Metro Vancouver fell in 2019, with the value of homes — including detached houses and condo units — decreasing by up to 15 per cent.

08/02/2018

“There have been an awful lot of changes in the last 24 months with mortgage regulations and the interest rate environment, and it’s getting more complicated. There’s greater need for expert or independent advice, and that’s why more people are coming to mortgage brokers.”

Recent changes with mortgage regulations and the interest rate environment are leading to more Canadians going to brokers instead of banks for home loans.

06/05/2018

My dad literally recalled this interest rate to me over the phone yesterday, and this article reminds me of the story my financial advisor told me when his mortgage was up for renewal and wasn't able to afford it and he and his wife lost their home as a result. My first mortgage was 5 year fixed 4.69%. Today's 5.34% stress test is our government being prudent for the future of our economy as nearly 70% of Canadians are homeowners. Business is finally ready to pick up after 10 years of ultra low interest rates. Will you be able to afford your mortgage 5 years from now when interest rates may be 5%?

A return to the sky-high interest rates of the 1980s isn't likely in today's economy, reports Richard Blackwell, but it wouldn’t take much of a hike to play havoc with the finances of today’s homeowners

01/08/2018

Have you opened your 2018 property assessment yet? It was the year for strata owners, that's townhome and condo owners alike, seeing up to 35% increase in value over the previous year. Values are as of July 1, 2017 and used for property tax purposes. Check it out now: https://www.bcassessment.ca/

11/02/2017

With more OSFI changes slated Jan 1, 2018 mandating stress tests for mortgages across the board, the time has come where prolonged artificially low interest rates will be coming to an end quickly. How do you think this will impact your future mortgage needs and payment amount? Acting now could mean the difference in setting you up more advantageously for the next 5 years. Contact me for more info.

Former bank governor says keeping rates low only encourages Canadians to pile on more debt, putting financial stability at risk

09/06/2017

This has now reversed the 2 decreases in 2015 and is likely the last expected increase for a little while. The Bank suggests that “given elevated household indebtedness, close attention will be paid to the sensitivity of the economy to higher interest rates.”

The Bank of Canada raised the target overnight rate another 25 basis points to 1.0% making it two hikes in a row following seven years of increasing monetary stimulus. The outsized 4.5% growth in GDP in the second quarter precipitated this action, despite two offsetting factors: the recent surge in…

06/27/2017

Made the Canadian Mortgage Professional's 2017 list. Thank you for your perpetual support, loyalty and trust over the years and I look forward to continuing to help plan and assist your mortgage needs now and in the future.

04/24/2017

The Moral - Variable rates aren’t as risky as many think; at least they haven’t been in the past. The four best reasons to choose a variable boil down to these:
1. you have the financial cushion to withstand higher interest costs
2. you have the discipline to ignore headlines about coming rate hikes
3. you prefer a mortgage with a cheap prepayment penalty, and
4. you have confidence that variable’s historic outperformance will persist (in general, over time).

The foundation for all Canadian interest rates is the overnight target rate. It’s been stuck at or below 1% for an incredible 8 years. That’s never happened before. We’re living in bizarro economic times and those with big mortgages are hoping they'l

04/03/2017

Another layer added to the intricate web of mortgage financing - credit scores are now added to the mix in qualifying for best discounted rates. Contact me today for rate options.

Never before has your credit score had such an impact on your mortgage rate. Ever since the banking regulator (OSFI) jacked up capital requirements on default insurers, and linked its capital formula to credit scores, more and more securitizing lenders have: a) set different rates for different cred...

02/10/2017

5yr VRM P-70 (2.0%) What the what?! Very specific parameters apply, ie mortgage renewals and purchases with less than 20% down. Please inquire directly and I can give you the juicy details!