Before granting you a mortgage, a lender will determine whether or not you can afford the loan amount you’ve requested. There are a number of factors that the lender will use to determine your maximum affordability, including your annual income and debt obligations, your utility and living costs, as well as your chosen amortization period and mortgage rate. [...]
Slower than normal market still attracting buyers in the Fraser Valley SURREY, BC – The Fraser Valley real estate market experienced its second slowest April in ten years and yet sales of certain property types and price ranges remain solid. The Fraser Valley Real Estate Board processed 1,383 sales of all property types on its [...]
Beyond looking pretty and being a hugely resurgent trend in decor, indoor plants are known to reduce carbon dioxide levels, airborne dust, certain pollutants... and increase humidity. If you're not a green thumb yourself, you may be hesitant to jump onto this new/old trend. Above and beyond being stylish interior accessories, there are SO many [...]
Release: April 2nd, 2019 Fraser Valley market sees typical spring increase in March sales SURREY, BC – Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015. The Fraser Valley Real Estate Board processed 1,221 sales of all property types on [...]
Considering a Credit Union for a mortgage? Credit unions have been around for a long time in BC, and while they’re not the largest segment of lenders, they can still be a strong consideration when you’re getting a mortgage. Pros: They’re provincially regulated: They’re not generally restricted by the federal government mortgage stress test [...]
$100 VISA GIFT CARD GIVEAWAY On April 1st, we'll be launching our 2nd brokerage-wide social media contest on Instagram and Facebook! Enter to win a $100 Visa Gift Card to start your Spring off right! To Enter: • Simply follow @rlpwolstencroft on instagram and/or Like the @RLPWolstencroftLangley on facebook. • Like the contest image, (shown [...]
Angela Evennett made her debut on the real estate scene in January of 2008, just months before the world economic crisis. She shares that it felt like terrible timing, but in hindsight, it was a great learning experience. "It cause me to have to find all the necessary tools to work hard, create my business [...]
1. Too Much Debt Too much debt is a red flag to lenders that you may not be able to handle credit responsibly. The biggest problem with debt is how it effects your overall debt servicing. Lenders will look at what debt you carry and what percentage of income it takes to cover this debt. Debt servicing ratios [...]
Release: March 4th, 2019 Fraser Valley real estate market gears up for spring SURREY, BC – Coming off a mild January, the Fraser Valley real estate market saw an increase in sales activity and overall inventory in February along with decreased prices in several of its communities. The Fraser Valley Real Estate Board processed 982 [...]
Thanks to all who entered our Social Media Contest through our participating agents' Facebook & Instagram as well as our own. We're happy to announce the $100 Pre-Paid Visa goes to: Tania Corrine who entered the draw through The Morris Real Estate Team! If you're not already, make sure you're following us on instagram and [...]
