Mortgage News Articles

Mortgage Broker in Vancouver Helps on the OWN Network

17 January 2012

Jared Dreyer and his Team saves thousands for Aldergrove residents on their mortgages.

Jared Dreyer Vancouver mortgage broker was thrilled to participate in the OWN network Million Dollar Nieghbourhood challange. Taking a community and working to save them a million dollars. "Saving clients money on their mortgage is what we do day in and day out" says Jared Dreyer, Vancouver Mortgage Broker who saved clients thousands on thier mortgages.  Participating in the show with other financial planners, bankers and other professionals, everyone worked together to help this neighbourhood save money. The goal was one million dollars in total. "It was a great experience" comments Jared, "I am looking forward to finding out the total savings". To find out how much you can save on your mortgage, call us at 1-800-687-9020, we're here to help you get your best rate mortgage. Follow Jared on Twitter

Jared Dreyer Supports the Surrey First Campaign

16 December 2011

Dear Jared Dreyer, Dreyer Group Mortgages Inc.

Re: Mayor Dianne Watts and the Surrey First Team

On behalf of myself and the Surrey First Team, I wish to extend my gratitude for your continued support throughout the 2011 campaign; but this thank you extend well beyond Election Day.

Read more...

Fixed vs Variable Rate Mortgages in Canada

08 November 2011

Fixed vs. variable rate mortgages. What is better for you in Canada?

Variable Rate Mortgage

If you have a bit of understanding in how our banking system works, variable rate is the best and has been statistically for the past 15 years. If you understand that prime now has to go up 2% for you to loose money. With our economy the way it is, do you think the bank of Canada will rise interest rates 2% 9 the next few years – no, I agree., Too much debt and not enough employment will keep rates low.

Fixed Rate Mortgage

Fixed rate, which definitely allow you budget better,although you will be paying a higer interest rate.

Fixed and Variable Rate Mortgage

Another product to consider is the blended mortgage. This product eliminates the largest concern facing borrowers today. It is a mortgage that is ½ fixed rate and ½ variable rate. Clients get the flexibility of the two products working independently. This way a consumer can make larger payments on the fixed portion of the mortgage with the higher interest rate or increase payments on the variable side to reduce payments. Either way, it certainly does balance the lending portfolio and minimizes the future interest rate risk.

If you are not in a set budget, variable rate is a wise choice. If you are on a tight budget fixed may be better. All you rally need is either a good independent mortgage broker – accredit mortgage professional AMP who keeps you up to date of the changes of rates.

Listing Your Home During the Holidays

04 November 2011

Top Reasons Why You Should List Your

Home During the Holidays

 

ü      Most December and early January buyers are serious about purchasing and likely facing some sort of deadline.

 

ü      January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt.

 

ü      Many people want to buy before the end of the year for financial and tax reasons.  Investors usually want to close by year-end for tax purposes.

 

ü      Homes show well when decorated for the holidays creating a sense of family and people are much more emotionally drawn to the house, emotion sells.

 

ü      Many people take vacation around the holidays allowing more time to look for a home.

 

ü      Remodelling, decorating, appliance installation and other services are more available and at less of a premium. Lenders aren’t as busy and can process mortgage loans faster.

 

ü      Showings will be fewer and less intrusive, but more likely to be fruitful with motivated, qualified buyers.

 

ü      Buyers are a bit more emotional during the holidays which can work positively in your favour.

ü      Historically, there are FEWER homes for Buyers to choose from during the holidays, so those homes ON the market generally have less competition.

 

ü      You can sell now, but specify a delayed closing or extend occupancy until January, if you so desire.

 

ü      By selling now, you will have an opportunity to buy during the Spring, when MANY homes are on the market and price will then become more negotiable for you as the Buyer.



 

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Getting a Mortgage On a Rental Property

24 October 2011

Can you buy a rental property and secure a mortgage with no money down?

 Answer- yes you can. if you have equity in your current home.

Lenders will allow you to borrow up to 80% loan to value for a conventional mortgage and 85% loan to value for an insured mortgage.You  can then take that money from your home and put it as a down payment on the investment home. We then arrange a mortgage on the investment home as well. You have now bought a rental/investment home with no money out of your pocket. In addition the money you borrowed against your home can be a tax deduction. Please always check with your accountant on those details.

Get a mortgage for a rental / investment property.

Apply now to find out how much you will qualify for. Or call our office at 604 536-3802

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About Dreyer Group

Dreyer Group is a member of the VERICO mortgage brokers network. We can help anyone nationwide, but we primarily serve BC residents in the lower mainland including Surrey, South Surrey, White Rock, Langley, Delta, Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster and Coquitlam. Dreyer Group Mortgages can provide mortgage solutions to US residents, non-residents, new immigrants and the rest of Canada. No matter where our clients are located, we are committed to providing the best mortgage rates and options in the marketplace.

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VERICO is a national mortgage brokers network. As an assembly of independently owned and operated mortgage brokers, VERICO brokers are comprised of the most trusted mortgage professionals in Canada that adhere to the highest standards of service based on professionalism, expertise and ethics. The VERICO Mortgage Network includes over 40 of Canada's most respected mortgage lenders and insurance suppliers.
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