Coastal Life Realty LtdSpecializing in Pender Island Properties
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 Charmaine Harris
Managing Broker/Owner
 Sandy Mundy
Sales Representative
 Coastal Life Realty Ltd Pender Island, BC Canada
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| Welcome to my website! I am a Real Estate Agent and Licensed Property Manager who works and lives on Pender Island. Pender Island is within the Southern Gulf Islands part way between Vancouver and Victoria BC (British Columbia), Canada. I would love to help you find that perfect property and home to buy or rent. I will help you to connect to our little piece of paradise!
Thursday, May 13, 2010 American PurchasersPlease see the attached mail out regarding American Purchasers and mortgages created by Ron Demmers - Mortgage Broker
Saturday, April 24, 2010 Can Americans Qualify for Mortgages for Canadian Property?Can Americans Qualify for Mortgages for Canadian Property?
Yes. Finally there is a program that allows American residents to purchase or refinance Canadian properties by using their U.S. tax returns and U.S. Credit bureaus.
U.S purchasers of either primary or secondary residences may borrow up to80% of the value of their home. Qualification is based on the same debt servicing and credit score requirements as Canadian purchasers. These U.S. clients will benefit from the same low fixed and variable rates now available to Canadian buyers. As of April 24th 2010 the 5 year fixed rate for this program is 4.6% and the variable rate is prime minus .40% ( presently 1.85% ). Purchasers must demonstrate the income required to cover U.S. and new Canadian debt. American borrowers will need to provide two years of their Form 1040 and W2. A U.S credit bureau report will also be required.
If you are interested in this program, please call Ron Demmers,... Thursday, April 8, 2010 Why would I use a mortgage broker over my own bank?Categories:First time buyers,GI Pender Island,Gulf Islands Real Estate,Interest rates,Market Info,mortgages,Real Estate Why would I use a mortgage broker over my own bank? It might make sense to use your own bank instead of a broker, but you won’t know unless you shop around. Mortgage brokers are professional mortgage shoppers. 1) They are in touch with dozens of lenders and can tell you in short order what the most competitive rates are. 2) They can tell you if your lender or bank lends mortgages in your area. 3) Different lenders lend for different purposes and to different clients. For instance, if you are self employed, some lenders will treat you more favorably than others. 4) Many loans officers at branch level are just getting started in their careers and they are not as familiar with the mortgage process as a seasoned mortgage broker. For instance, many lenders have leeway in what documentation is required such as income confirmation and property appraisals. Mortgage... Wednesday, March 31, 2010 Interest rates went upCategories:,First time buyers,GI Pender Island,Gulf Islands Real Estate,Interest rates,Market Info,mortgages,Pender Island,Real Estate Should you be concerned about the increase of Mortgage rates? If you saw the news yesterday you might be feeling a bit of a panic. It seems that anytime they can run with a ball they will. I am not going to give you any recommendations on if you should lock in your mortgage now or hang tight. I also won’t promise that rates will continue to go up or down. If we all knew those answers we would have clear idea of where to go from here. What I will tell you is that if you are shopping for a new mortgage or you have a variable interest rate on your current mortgage there are two things you should do: 1) Ask your lender to provide a rate guarantee for you. Depending on the lender they will hold for 30 - 120 days with the norm being 90 days. This will ensure you can get the possible interest rate available to you. If the interest rates increase then you will get the guaranteed interest rate, if they go down you will get the lowest of the two. 2) Discuss with your... | |||||||||||||
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