Vancouver BC Real Estate Professional
Since 1995 Wayne has been committed to providing unparalleled service to his clients. His patience in listening to his clients’ needs and desires, the commitment to ensuring that these needs are met efficiently, and his ability to be flexible with his schedule are just a few of the compliments that he has received from clients over the years. Most important of all, Wayne enjoys interacting with people and in working with them to achieve their goals. These qualities have contributed to his success. Having started his career employed by one of Canada’s largest financial institution as a Mortgage Specialist, Wayne also has the experience and knowledge to help you arrange the financing which will best suit you. “My ultimate goal is to help get you into the home that you want. Mortgage financing is not as generic as most people believe. One size does not fit all. Especially in today’s marketplace where there are numerous lenders, products and options being offered. Each client’s current finances and long term outlook and goals are different. With a continuously growing list of lenders to choose from, along with an array of options that each offer, it can be a daunting and time consuming task to find the right package. I have the experience, knowledge and patience to work with you in finding and negotiating a custom fitted mortgage package on your behalf. With the ability to transmit the application using the latest technology I am able to service my clients with even greater speed and efficiency. I want to be an integral part of your home buying process.”
Contact Information
- On the web:
- Email:
- mah.w@mortgagecentre.com
- Telephone:
- 604.880.1899
My Posts/Listings
Rates rise for the 3rd time in a month
RBC led the way again today, announcing another rate increase of 0.15% across the board. This is the 3rd rate increase in a month and now totals over one full percentage point on many terms. Expect all other lenders to follow in the next few days. If you are in the market to buy, renew, or refinance it is now more important to book a rate more than ever. A month ago, many qualified clients were able... [Read more]
Rates On The Rise Again!
The Royal Bank announced that effective tomorrow they are raising all rates by 0.25%. As an example their posted 5 year fixed rate would rise to 6.10%. This increase is on top of ones that took effect last week that were up to 60 bps. So far no other major lenders have matched these increases but I expect them to follow suit shortly. Wayne Mah, Senior Mortgage Planner, The Mortgage Centre 604.880.1899... [Read more]
Financing A Property Purchase in Canada From Overseas
For many years now people have been purchasing properties in Canada as a second home or as an investment in large numbers. With the recent Winter Olympics just over, the number of enquiries on how to finance such a purchase has exploded. I am going to go over this here. Please note that there are more favorable rules for our American purchasers which I will detail here Financing For Americans Purchasing... [Read more]
Big rate increase announced
The Royal Bank of Canada led the way today and increased their posted mortgage rates on their 3, 4 and 5 year fixed rate terms. On the 5 year fixed rate term they increased it by a whopping 60 bps, going from 5.25% to 5.85%. 3 and 4 year terms were increased by 20 and 40 bps respectively. These increases had been anticipated for quite some time now as the yields on the bonds had increased significantly... [Read more]
Great Variable Rate Mortgage Strategy
Despite the low fixed rate mortgages available there are still many people asking for variable rate products. Most of the time they ask what the best rate for a variable is. In majority of the cases this would be a variable rate closed mortgage. However, I have been suggesting they take the variable rate OPEN even though it comes with a slightly higher rate. Why? Well, in this video I explain the strategy... [Read more]
BC Budget Homeowner Changes
The British Columbia introduced the new Provincial budget on March 2, 2010 and it included some minor changes/benefits for homeowners. They are as follows: 1. Rural BC (outside Lower Mainland, Fraser Valley, and Capital Regional Districts) residents get an extra $200 off in addition to the normal homeowners grant for their property taxes. 2. Families with children under the age of 18 can now defer... [Read more]
Posted 5 Year Rate Confirmed As New Qualifying Rate
It has now been confirmed that the new qualifying rate, effective April 19, 2010, for all CMHC insured mortgages will be as follows: The greater of the chartered bank’s posted 5 year term rate or the contract rate. This will apply to all variable rate mortgages and for fixed rate terms under 5 years. We were all waiting to find out what the new qualifying rate would be ever since the Federal... [Read more]
