Nanaimo & Vancouver Island Mortgage Blog

  • May 20, 2020
  • Posted by Sand Dollar Mortgage Corp

Is it a Good Time to Become a First-Time Home Buyer in Nanaimo, British Columbia?

We are facing a challenging time as we work together to combat COVID-19 in our country and even our own neighborhoods. With so much uncertainty in the air, is it a good time to think about buying a ho

  • May 6, 2020
  • Posted by Sand Dollar Mortgage Corp

5 First-Time Homebuyer Mistakes To Avoid

Buying your first home is a scary and exciting process because it’s a HUGE commitment. It’s easy to get swept up in the excitement of home shopping and mistakes can leave you with buyer&rs

  • April 15, 2020
  • Posted by Sand Dollar Mortgage Corp

5 Smart Ways to Use a Home Equity Line of Credit

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a

  • April 15, 2020
  • Posted by Sand Dollar Mortgage Corp

Bank of Canada maintains overnight rate target and unveils new market operations

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the

  • April 1, 2020
  • Posted by Sand Dollar Mortgage Corp

What should you consider when refinancing your mortgage in Nanaimo, BC?

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y

  • 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

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