Nanaimo & Vancouver Island Mortgage Blog

  • March 27, 2020
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada lowers overnight rate target to 0.25 percent

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. T

  • March 18, 2020
  • Posted by Sand Dollar Mortgage Corp

Home Selling Season is Around the Corner: Tips to Get Ready in Nanaimo, BC

Home selling season is rapidly approaching. In most cases, spring is the top time to sell a home. One reason spring is the top-selling season is that home buyers align their moving schedule with their

  • March 3, 2020
  • Posted by Sand Dollar Mortgage Corp

6 Persistent Real Estate Myths You Really Need to Ignore in Nanaimo, BC

Whether you're a home-buyer or a seller, it pays to understand the real estate market if you want to get a good deal. Unfortunately, a series of damaging ideas has grown up around real estate which ca

  • February 18, 2020
  • Posted by Sand Dollar Mortgage Corp

Should You Pay Off Your Mortgage Early in Nanaimo, BC?

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex

  • February 5, 2020
  • Posted by Sand Dollar Mortgage Corp

Real Estate 101: Essential Tips for First-Time Home Buyers in Nanaimo, BC

Buying a home is always a big decision, but when you're a first-time buyer it's even more important to get it right. Without home-buying experience to draw on, it's easy to make mistakes you could reg

  • January 22, 2020
  • Posted by Sand Dollar Mortgage Corp

10 Essential Tips for Taking Out Your First Mortgage in Nanaimo, BC

Taking out your first mortgage presents a major financial commitment, possibly the biggest one you'll ever make, so it's crucial that you get the best deal available. Getting a mortgage is often not a

  • January 8, 2020
  • Posted by Sand Dollar Mortgage Corp

Should You Refinance Your Mortgage?

There is a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether ref

  • December 18, 2019
  • Posted by Sand Dollar Mortgage Corp

How to Turn Your Nanaimo Home into a Rental Property and Not Live to Regret It

  Thinking about turning your home into a rental property?If you are having trouble selling your home, you have a number of options. You could stay in the property and hope for the best, but i

  • December 4, 2019
  • Posted by Sand Dollar Mortgage Corp

4 Reasons to Hire a Real Estate Agent When Selling Your Home in Nanaimo, British Columbia

Selling your home is a big decision, and it's often a long and complex undertaking. Hiring a real estate agent can make every step of the home-selling process easier, from setting an asking price to c

  • November 20, 2019
  • Posted by Sand Dollar Mortgage Corp

Easy Ways to Repay Your Home Loan Early and Free Up Cash for Family Adventures

Most home buyers take out a mortgage to help finance buying a home. As a result, many homeowners are faced with a monthly mortgage payment during the time they are raising their children or sending th

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