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Articles

Articles

  • What you should know about applying for a mortgage on a strata property

    Author: Boychuk Mortgage Group | May 10, 2023

    Articles

    It’s recommended that your offer should be subject to viewing various strata documents

    A form B will be required by your lender from the last 30 days. This form confirms the current state of the strata including any outstanding levies or special assessments as well as how much money is in the contingency fund.

    Click Here To Read The Full Article


  • Inflation Drops to 4.3%

    Author: Boychuk Mortgage Group | Apr 25, 2023

    Articles

    More good news! ⭐️

    Inflationary numbers for March came in at 4.3%. This is down from the 5.2% we saw the month prior.

    Click Here To Read The Full Article


  • Multi Generational Home Tax Credit

    Author: Boychuk Mortgage Group | Apr 03, 2023

    Articles

    The government of Canada has introduced a Multi-Generational Home Tax Credit

    Click Here To Read The Full Article


  • Inflation numbers decrease again, down to 5.2%

    Author: Boychuk Mortgage Group | Mar 24, 2023

    Articles

    ✨Inflation drops again, down to 5.2%✨

    Inflation numbers fell from 5.9% in January to 5.2% in February, below the target prediction of 5.4% for this past month.

    Click Here To Read The Full Article


  • 4 Ways to Make Money in real estate

    Author: Boychuk Mortgage Group | Mar 23, 2023

    Articles

    Earning monthly cashflow is an important component of qualifying if your goal is to purchase more than one investment property or a primary residence in the future.

    Click Here To Read The Full Article


  • Down Payment Differences

    Author: Boychuk Mortgage Group | Mar 21, 2023

    Articles

    Getting in the market is key, however putting more money down allows for more options when it comes to extending your amortization to lower your monthly payment, utilizing different sources of income, customizing options if you are self-employed, and accessing Home Equity Line of Credit programs.

    Click Here To Read The Full Article


  • Short & Long Term Capital Gains

    Author: Boychuk Mortgage Group | Mar 16, 2023

    Articles

    A few things to know about capital gains. ..

    There are short and long-term capital gains that you can potentially be taxed on.

    Click Here To Read The Full Article


  • Bank of Canada Pauses Rate Hikes

    Author: Boychuk Mortgage Group | Mar 11, 2023

    Articles

    Bank of Canada announced no change to their overnight policy rate, leaving it at 4.5%.

    Click Here To Read The Full Article


  • Improving Credit

    Author: Boychuk Mortgage Group | Mar 07, 2023

    Articles

    A strong credit score not only helps you get approved, but it can also help you secure a better interest rate. ✔️

    Click Here To Read The Full Article


  • Good vs. Bad Debt

    Author: Boychuk Mortgage Group | Mar 06, 2023

    Articles

    Not all debt is bad… in fact there are some forms of debt that are positively impactful on your financial future, help generate income, and grow your net worth.

    ✔️For Instance, having a primary residence with a mortgage helper that allows you to earn equity, and pay down your mortgage instead of a landlord’s mortgage can be considered good debt.

    Click Here To Read The Full Article


  • Self Employed

    Author: Boychuk Mortgage Group | Feb 23, 2023

    Articles

    With tax season upon us, here is something to think about:

    Many people who are self employed tend to capitalize on annual expense write-offs with the intention of lowering their annual income. Whilst this can be very beneficial come tax season, from the view point of the lender, it can have the opposite effect when looking to get a mortgage.

    Click Here To Read The Full Article


  • How much will you need to purchase in Today's Market

    Author: Boychuk Mortgage Group | Feb 17, 2023

    Articles

    It might not be as hard as you think to get in the market right now….

    ➡️Let’s break down what purchasing a condo in the Fraser Valley could look like..

    Click Here To Read The Full Article


  • Do Today What Others Won't, so you can do tomorrow what others can't

    Author: Boychuk Mortgage Group | Feb 15, 2023

    Articles

    This is one of my favourites! It’s not easy making sacrifices, taking risks, and being disciplined, but it makes a difference.

    Click Here To Read The Full Article


  • Refinancing Early

    Author: Boychuk Mortgage Group | Jan 27, 2023

    Articles

    Refinancing before your mortgage is up for renewal involves looking at your current mortgage and calculating what the penalty is to break your mortgage early. The closer you are to your end of term date, the lower the penalty usually is.

    Click Here To Read The Full Article


  • Happy possession day!

    Author: Boychuk Mortgage Group | Jan 20, 2023

    Articles

    Congrats to my amazing clients who all purchased new beautiful homes this last month!

    Here’s a look at the some of the places they’re happy to call home! 😊

    Click Here To Read The Full Article


  • 3 British Columbia Real Estate Updates

    Author: Boychuk Mortgage Group | Jan 11, 2023

    2023 is starting off with some changes!

    Here are a few updates to know:

    1. 🔸Updated anti-flipping tax 🔸
    If you buy a property and flip it before one year, you will now be taxed on that entire amount as business income. The exceptions for this include job loss, divorce, or insolvency.

    Click Here To Read The Full Article


  • BRRRR Method

    Author: Boychuk Mortgage Group | Jan 06, 2023

    Articles

    There are tons of different strategies that investors use to maximize their return on real estate, but a little sweat equity is always a great way to increase the value of a home.

     

    This is a great method that allows investors to continue purchasing properties. This is different from simply flipping a property as you would hold onto it to earn monthly cash flow and mortgage pay down after the renovation is complete.

    Click Here To Read The Full Article


  • Trigger Rates

    Author: Boychuk Mortgage Group | Jan 04, 2023

    Articles

    “Trigger rate” is a term we’ve heard a lot lately. …

    ✨So what happens if you reach your trigger rate??✨

    • Your lender will notify you by letter to inform you of how much the principle amount exceeds your trigger rate.

    Click Here To Read The Full Article


  • Mortgage Insurance

    Author: Boychuk Mortgage Group | Jan 04, 2023

    Articles

    🔹What is Mortgage Insurance ?🔹

    This is an option that costs a few extra bucks a month and is offered when you apply for a mortgage.

    🔹It ensures that your estate won’t owe any money should a tragedy occur, offering peace of mind that your spouse or loved ones won’t have to cover the mortgage, without your income.

    Click Here To Read The Full Article


  • Inflation Update

    Author: Boychuk Mortgage Group | Dec 28, 2022

    Articles

    Increases to food costs, rental costs, and mortgage interest are key drivers contributing to the minimal change to inflation numbers from the previous two months.

    Although we’re seeing a decline, it’s much slower than presumed, despite the aggressive rate hikes we’ve seen over the last 12 months.

    Click Here To Read The Full Article


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Recent Posts

  • What you should know about applying for a mortgage on a strata property
  • Inflation Drops to 4.3%
  • Multi Generational Home Tax Credit
  • Inflation numbers decrease again, down to 5.2%
  • 4 Ways to Make Money in real estate
  • Down Payment Differences
  • Short & Long Term Capital Gains
  • Bank of Canada Pauses Rate Hikes
  • Improving Credit
  • Good vs. Bad Debt
Boychuk Mortgage Group

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  • Bridge Financing
  • Co-Sign Mortgages
  • First Time Home Buyer Mortgages
  • Fixed Rate vs Variable Rate Mortgages
  • Home Equity Lines Of Credit
  • Investment Property Mortgages
  • New To Canada Mortgages
  • Non-Resident & Foreign Income Mortgages
  • Pre-Approval Mortgage
  • Real Estate Investing
  • Refinance To Consolidate Mortgages
  • Self Employed Mortgages
  • Steps To Buying Your Next Home
  • Variable Rate Mortgages

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  • Home
  • About
    • About
    • Why Boychuk Mortgage Group
    • FAQ
    • Blog
    • Articles
    • Trigger Rates Explained
    • Interest Rate Update – Everything You Need To Know!
    • Mortgage Glossary Terms
  • Services
    • Services
    • Bridge Financing
    • Co-Sign Mortgages
    • First Time Home Buyer Mortgages
    • Fixed Rate vs Variable Rate Mortgages
    • Home Equity Lines Of Credit
    • Investment Property Mortgages
    • New To Canada Mortgages
    • Non-Resident & Foreign Income Mortgages
    • Pre-Approval Mortgage
    • Real Estate Investing
    • Refinance To Consolidate Mortgages
    • Self Employed Mortgages
    • Separation Mortgages
    • Steps To Buying Your Next Home
    • Variable Rate Mortgages
  • Mortgage Calculator
    • Mortgage Calculator
    • Cash Flow Calculator – Rental Properties
    • Fixed vs Variable Calculator
    • Cash Flow Analysis – Monthly Budget
    • Purchase Calculator
    • Closing Cost Calculator
    • Land Transfer Calculator
  • Testimonials
  • Resources
  • Contact Us