Nanaimo & Vancouver Island Mortgage Blog
Vancouver Islands Best Choice for Brilliant Mortgage Solutions
Category: Mortgage Tips & Advice (45 posts)
Why Borrowers May Choose a Private Mortgage in Nanaimo, BC
February 17, 2021 | Posted by: Sand Dollar Mortgages
Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...
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How to Handle a Mortgage After a Separation or Divorce in Nanaimo, BC
February 3, 2021 | Posted by: Sand Dollar Mortgages
Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...
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Reverse Mortgages – Impact on Heirs in Nanaimo, BC
September 2, 2020 | Posted by: Sand Dollar Mortgages
How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...
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When Is Mortgage Refinancing a Bad Idea in Nanaimo & Vancouver Island, British Columbia?
June 3, 2020 | Posted by: Sand Dollar Mortgages
Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when int ...
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5 Smart Ways to Use a Home Equity Line of Credit
April 15, 2020 | Posted by: Sand Dollar Mortgages
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 ...
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Should You Pay Off Your Mortgage Early in Nanaimo, BC?
February 18, 2020 | Posted by: Sand Dollar Mortgages
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 ...
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Should You Refinance Your Mortgage?
January 8, 2020 | Posted by: Sand Dollar Mortgages
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 ...
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How to Improve Your Chances of Being Approved for a Mortgage in Nanaimo, BC
December 19, 2018 | Posted by: Sand Dollar Mortgages
For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ...
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The Pros And Cons Of Reverse Mortgages in Nanaimo, BC
November 21, 2018 | Posted by: Sand Dollar Mortgages
No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ...
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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else in Nanaimo, BC?
September 19, 2018 | Posted by: Sand Dollar Mortgages
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be fre ...
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Real Estate: How to Refinance a Mortgage with a Bad Credit Score in Nanaimo, BC
July 4, 2018 | Posted by: Sand Dollar Mortgages
There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ...
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Planning to Refinance Your Mortgage in Nanaimo, BC? Ask These 4 Questions First
April 4, 2018
Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ...
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Thinking of Buying a Home in Nanaimo, BC? Ask Yourself These Questions First
March 7, 2018 | Posted by: Sand Dollar Mortgages
Many people simply assume that buying a home is always better than renting, but that is not always the case. Owning a home makes sense in certain circumstances, just as renting is a smart move in othe ...
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Looking to Invest in Nanaimo, BC? Pay Down Your Mortgage Instead
January 17, 2018
With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ...
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The Advantages and Disadvantages of Buying a New Home vs an Existing Home in Nanaimo, BC
January 3, 2018 | Posted by: Sand Dollar Mortgages
If you're planning on investing in real estate, then you're going to have two main options: to buy an existing home or buy a new home in Nanaimo, BC. An existing home is a house that has been lived in ...
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Credit Card Debt vs Mortgage Debt for people in Nanaimo, BC: Which Should You Pay Off?
November 1, 2017 | Posted by: Sand Dollar Mortgages
It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno ...
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Five Reasons Why You Should Have More Than One Bank Account in Nanaimo, BC
October 4, 2017 | Posted by: Sand Dollar Mortgages
In today's tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you ...
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Four Reasons to Say Yes to Good Credit in Nanaimo, BC
September 6, 2017 | Posted by: Sand Dollar Mortgages
Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit ...
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Five Ways to Simplify Your Financial Life in Nanaimo, BC
August 2, 2017 | Posted by: Sand Dollar Mortgages
No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei ...
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For Savvy Spenders in Nanaimo, BC: How to Make the Most of your Credit Cards
July 5, 2017 | Posted by: Sand Dollar Mortgages
Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern Nanaimo, ...
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Gathering the Money for a Down Payment in Two Years or Less in Nanaimo, BC
June 7, 2017 | Posted by: Sand Dollar Mortgages
Whether you are looking to purchase a Nanaimo, BC home in the next two years or you intend to wait another five, you must find a way to save up enough money to use for a down payment. Without the mone ...
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Three Simple Updates to Help Sell Your Nanaimo, BC Home Fast
May 17, 2017 | Posted by: Sand Dollar Mortgages
If you're getting ready to sell your Nanaimo, BC home, you may be wondering what you can do to help it sell quickly. How can you make your home more appealing without investing a lot of time or money? ...
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Getting Your Whole Family on Board When Selling Your Nanaimo, BC Home
April 19, 2017 | Posted by: Sand Dollar Mortgages
If you are selling your Nanaimo home, this can be a challenge when you are in charge of getting your family on board as well. Selling a home with kids has its own challenges, but it isn't impossible. ...
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Buying a Nanaimo Home, Step One: Mortgage Pre-Approval
April 7, 2017 | Posted by: Roar Solutions
Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not always the ...
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Why Remortgage Your Nanaimo Home? 4 Excellent Reasons to Consider Refinancing Your Home
March 7, 2017
Your Nanaimo BC home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about ...
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Price Your Nanaimo BC Home Realistically If You Want It To Sell
February 23, 2017 | Posted by: Roar Solutions
Setting a price for the Nanaimo BC home you are selling requires serious thought and research. Homebuyers have choices in today's market, and that means you should not list your home at an unreasonabl ...
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Five Rules For Improving Your Money Management Skills in Nanaimo
February 8, 2017 | Posted by: Sand Dollar Mortgages
Money management skills are important, no matter who you are. That's because money doesn't take care of itself -- and if you don't save, invest, and spend your money wisely, you'll undoubtedly suffer ...
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How to Use Debt Consolidation Loans Effectively and Safely in Nanaimo
January 6, 2017 | Posted by: Sand Dollar Mortgages
Visit almost any financial site on the web, or watch nearly any daytime TV channel, and you're likely to see advertisements promising that a consolidation loan can solve all your debt problems. There' ...
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Going Away for the Holidays? Protect Your Nanaimo & Vancouver Island Homes against Burglars!
December 12, 2016 | Posted by: Sand Dollar Mortgages
Burglars look for opportune moments to enter homes in search of valuables, and they don't take breaks for the holidays. In fact, many burglaries take place during the holidays, especially when people ...
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Saving For College in Nanaimo, BC: Tips For Parents
November 28, 2016 | Posted by: Sand Dollar Mortgages
One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even Nanaimo, BC community colleg ...
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Maximize Your Selling Potential in Nanaimo, BC on a Dime
November 7, 2016 | Posted by: Sand Dollar Mortgages
If you're like most people looking to sell your Nanaimo, BC home quickly, you already know the importance of curb appeal. While more and more homebuyers are looking online for homes for sale, a majori ...
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5 Tips for Buying Your First Rental Property in Nanaimo, B.C.
October 19, 2016 | Posted by: Sand Dollar Mortgages
Investing in a rental property in Nanaimo, B.C. is a great step toward earning passive income and building wealth. Unfortunately, becoming a landlord for the first time can also be challenging and lea ...
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5 Simple Ways to Get Your Nanaimo, B.C. Home Ready to Sell
August 17, 2016 | Posted by: Sand Dollar Mortgages
If you are working up to selling your Nanaimo, B.C. home, there are a few quick updates that you can do to get it in better shape for the market. Minimal time upfront getting your property ready to se ...
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4 Steps to get out of credit card debt in Nanaimo & Vancouver Island
July 12, 2016 | Posted by: Sand Dollar Mortgages
Being in debt in Nanaimo & Vancouver Island is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the te ...
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How to Save Money for a Down Payment in Nanaimo, Vancouver Island, B.C.
June 1, 2016 | Posted by: Sand Dollar Mortgages
Saving money is a lot like dieting -- easy to understand but difficult to execute and follow through. Intellectually, you know that having that extra piece of pie or second helping of French fries is ...
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Before You Hire a Realtor in Nanaimo, B.C., Ask These 5 Questions
May 18, 2016 | Posted by: Sand Dollar Mortgages
Buying and Selling a home in Nanaimo, B.C., is a big decision. An equally big decision is choosing a Realtor. On a basic level, your Realtor is responsible for finding the best buyer for your home at ...
read more6 Smart Ways to Improve Your Credit Score on Vancouver Island
April 6, 2016 | Posted by: Sand Dollar Mortgages
Whether you want to buy a house in Nanaimo, Vancouver Island, or just get a better rate on your credit card, your credit score will play a big role in how well you do and how much you have to pay. &n ...
read moreMake Money When You Buy on Vancouver Island, B.C.
March 3, 2016 | Posted by: Sand Dollar Mortgages
Every intelligent real estate investor understands the basic principle of making money when you buy. It’s extremely important to learn and understand this concept for your business because it ca ...
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Retiring in Nanaimo? Steps to Take Now to Prepare
February 17, 2016 | Posted by: Sand Dollar Mortgages
Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save ...
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Great Tips To Pay Off Your Nanaimo Mortgage Early
January 20, 2016 | Posted by: Sand Dollar Mortgages
Are you looking for ways to speed up paying off your Nanaimo mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if ...
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Strategies to Dig Yourself Out of Debt in Nanaimo & Vancouver Island
January 8, 2016 | Posted by: Roar Solutions
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some si ...
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Five Sure Signs it's Time To Downsize your Nanaimo and Vancouver Island Home
December 22, 2015 | Posted by: Roar Solutions
As you grow older, your needs will start to change. One of the main things that you may want to consider altering is your accommodation or property. But how do you know when it is time to ...
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Bad Credit Mortgages for People in the Nanaimo, Nanoose, Parksville and Surrounding areas
November 18, 2015 | Posted by: Roar Solutions
Do you have bad or poor credit and do you live in the Nanaimo, Nanoose, Parksville and surrounding areas of Vancouver Island? Well we can help you out. For a long time, it wasn’t possible to qu ...
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2 Out of 3 Do Not Shop at Renewal
September 30, 2014
Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec ...
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