Mike Morisset Langley Mortgage Broker

Rate vs PriceThe impact of a lower interest rate vs lower price If you've purchased a home or are familiar with the process of purchasing a home you know that the main negotiations are around price. There can certainly be other factors such as Completion dates or Subject removal dates but price is generally the most sensitive [...] Continue reading ?First Time Buyer Exe ...The BC Government has announced that effective February 19, 2014 the Property Transfer Tax for First Time Buyers has increased to $475,000 from $425,000. The new threshold will allow a partial exemption between $475,000-$500,000. The government estimates this change will cost $8M in lost tax revenue each year. Click here for the CBC article: http://bit.ly/1fwLFj5 Continue reading ?Mortgage Shopping?Are you shopping for a mortgage? As you could imagine, we often get the call from a prospective client saying 'What is your best rate?' I hear a lot of people in my industry frustrated dealing with this question as it is a clear sign that the person on the other end of the phone [...]