With the recent news that in the past year Greater Vancouver real estate prices had increased by an average of 18% from already very high levels, and historic lows in rates possibly coming to an end soon, the time is a great one for homeowners to refinance their mortgages and reduce their unsecured debt, lower payments and provide themselves extra cash flow to handle life’s expenses and invest. Click here to read the full story

Make your mortgage tax deductible and pay it off years sooner!

This is my first note today about Tax Deductible Mortgage Plan (TDMP) mortgages.  This is an exciting plan for many people who are paying too much in income taxes every year and are not able to save money or invest as they would like to.  Best of all, this is court backed and with TDMP guidance, is a very safe strategy.

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I was reading the Globe website today and saw this article about a mortgage broker in Toronto who thinks that the mortgage changes are a good thing for consumers.

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Attractive mortgage rates lured more home buyers into the market in 2010. Doom and gloom predictions brought on by the HST, tighter mortgage rules and projected interest rate increases failed to materialize.

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As has been mentioned in numerous media outlets the past week, the federal government has made the decision to further tighten the regulations regarding mortgage lending on high ratio mortgages.  The changes are due to take effect on March 18th.

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I found this article today in the Globe and Mail commenting on Federal government plans to make lending more difficult again in order to curb an increase in debt levels.  Among the discussions that are supported by the banks are to make mortgage borrowing more difficult.   Click here to read the full story