We’re Still Open!

Although our physical doors may be closed to respect the CDC and Government of Canada’s guidelines, our ability to help you during this time is not. We can chat over the phone, email, text or start a video call anytime.

If you have questions or are looking for advice about your mortgage/investments, we are all here to help, any day, any time. Our time costs you nothing.

The new normal for us is simply being present! Our team members are operating out of their homes, and in Eilisha’s case, a cabin in the Cariboo. Jordi and Dave Browne are available 24/7 to provide you with the latest news and counsel for everything mortgage-related, while Eilisha brings a sense of calm and order during an unpredictable time. Dave Saran is as focused as ever and Stephanie is utilizing her home office and creative noodle to produce innovative and exciting content for the Browne brand.

We are all trying to make a new “normal” from home, whether it’s;  supervising a son building his own skateboard ramp, teaching your daughter to drive a golf cart, watching an eagle dive bomb a fish on the frozen lake, homeschooling, or playing the Nintendo Switch that your boss lent you. Regardless of your new “normal” it’s important to maintain structure and also pursue mental and physical health.

Refinancing your home, choosing to be proactive in reactive times.

Refinancing your home, choosing to be proactive in reactive times

 

With uncertain times ahead we are receiving a lot of calls regarding taking equity out of people’s residences.  Some people are doing this as they are concerned about being off work for an extended time, others are using this time to refinance all off their debt and putting it into one simple payment, while there are people just looking to take advantage of these new low rates to lower their interest on their mortgage.

If you are in the group of people that are concerned about their employment I would suggest doing this before any changes at work as lenders will not lend to anyone who is not working.   

The government has set limits on the maximum you can borrow against your house and the chart is below

This type of financing that Baars received the loan amount into as much as 80% of the value of their house. Lenders allow these homeowners to pay for the refinanced mortgage for a long period of time, and their interest rates are generally lower compared to the rates of other types of personal loans.

Appraised value of your home $300,000
Maximum loan you may get x 80%
Loan amount based on appraised value of your home = $240,000
Less balance you owe on your mortgage – $175,000
Refinancing credit limit $65,000

There are many valid reasons for you to refinance your home, and there are certainly several advantages that come with doing so if accomplished at the right time. We believe the right time is now, to successfully access your home’s equity and to secure another loan with more favorable terms while providing yourself with emergency funds in uncertain times.

Contact our Brokers as Browne Mortgages + More to talk about refinancing your home today!

First-Time Home Buyers’ Tax Credit

 

Abbotsford, BC – If you are a first-time home buyer and recently purchased a home, we encourage you to speak with your Abbotsford mortgage broker as you may qualify for a tax credit up to $5,000, which can reduce your taxes by $750. The home buyers tax credit was introduced to assist first time home buyers purchase a home.

There is also a a credit for those with or living with those with disabilities.

For more information on the First-Time Home Buyers’ tax credit visit Canada Revenue Agency., or follow this link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-369-home-buyers-amount.html

Do me a favor! Try our New Real Estate Smart Phone App.

As of this month BRMC Mortgages, in association with HomeLife Real Estate in Abbotsford, Mission and Chilliwack, have developed our very own smart phone app. Below is an example of the app done for our office – Each of your personal Homelife Realtors will also be developing one of these! Very Cool.

Some of our Abbotsford Mortgage Clients and Chilliwack Mortgage Clients have already downloaded this app! We have had a fun time testing it out and now we are hoping everyone trys it. It’s free and easy to use, and will energize your real estate knowledge! If you send me an email (use contact form to the left

), I will text/share the App directly to you OR you can simply text our Phone App Department directly at their text #: 65656 and put in the body of your text ‘4sale62’.

  • Find out what your neighbours house is selling for
  • Locate dream properties while driving around your dream neighborhood’s
  • Get info on new house’s for sale 2 days quicker
  • It’s free!!

Over 90% of Home Buyers are starting their search on mobile devices – DO you have one yet? BRMC Mortgages and Homelife have worked together to give you this FREE one. Try it out today!