Our Blog

Category: Mortgage Tips & Advice (45 posts)

  • September 9, 2020 @ 8:13 PM
  • Posted by Paula Siemens

Reverse Mortgages – Impact on Heirs

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

  • June 10, 2020 @ 4:54 PM
  • Posted by Paula Siemens

When Is Mortgage Refinancing a Bad Idea?

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 inter

  • April 22, 2020 @ 5:07 PM
  • Posted by Paula Siemens

5 Smart Ways to Use a Home Equity Line of Credit

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

  • April 8, 2020 @ 3:53 PM
  • Posted by Paula Siemens

What should you consider when refinancing your mortgage?

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y

  • February 18, 2020 @ 10:06 PM
  • Posted by Siemens Group

Should You Pay Off Your Mortgage Early?

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

  • December 24, 2018 @ 11:33 AM
  • Posted by Siemens Group

How to Improve Your Chances of Being Approved for a Mortgage

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

  • November 28, 2018 @ 1:16 PM
  • Posted by Siemens Group

The Pros And Cons Of Reverse Mortgages - A Quick Guide

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

  • September 26, 2018 @ 5:58 PM
  • Posted by Siemens Group

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

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 free of a

  • July 11, 2018 @ 10:34 AM
  • Posted by Siemens Group

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

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

  • April 11, 2018 @ 2:05 PM
  • Posted by Siemens Group

Planning to Refinance Your Mortgage? Ask These 4 Questions First

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

  • February 14, 2018 @ 1:08 PM
  • Posted by Siemens Group

Four Strategies That Can Help You Get Approved for a Mortgage

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • January 24, 2018 @ 2:12 PM
  • Posted by Siemens Group

Looking to Invest? Pay Down Your Mortgage Instead

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

  • September 13, 2017 @ 11:06 AM
  • Posted by Paula Siemens

Four Reasons to Say Yes to Good Credit

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

  • April 11, 2017 @ 3:13 PM
  • Posted by Paula Siemens

Buying a Home, Step One: Mortgage Pre-Approval

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 the best pl

  • March 14, 2017 @ 4:47 PM
  • Posted by Paula Siemens

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

Your 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 it. However,

  • January 3, 2017 @ 11:48 AM
  • Posted by Paula Siemens

Vancouver Mortgage Specialist Invis - The Siemens Group Help First-Time Buyers Achieve the Dream of Homeownership

Vancouver, BC-based mortgage specialist, Invis – the Siemens Group is now offering a dedicated service for first-time buyers to help them save money and find their ideal property. The company&rs

  • January 3, 2017 @ 11:46 AM
  • Posted by Paula Siemens

Vancouver Mortgage Specialist Invis - The Siemens Group Highlights 4 Money-Saving Tips for First-Time Buyers

The Canadian housing market has retained its exceptional performance over recent years. Prices have risen to record levels across the country and property owners are now sitting on high-value real est

  • January 3, 2017 @ 11:45 AM
  • Posted by Paula Siemens

Four Ways a Vancouver Mortgage Broker Can Help Homeowners Save Money

By learning more on the various tools built into the real estate marketplace, property owners can reduce their costs and achieve long-term savings over their years of ownership. A professional Vancouv

  • January 3, 2017 @ 11:43 AM
  • Posted by Paula Siemens

Vancouver Mortgage Services Specialist Invis - The Siemens Group Advising Homebuyers on Mortgage Options

Vancouver, BC-based mortgage service experts, Invis – The Siemens Group is now working with local buyers across the region to help guide them on their mortgage options. The company’s speci

  • January 3, 2017 @ 11:41 AM
  • Posted by Paula Siemens

Vancouver Mortgage Specialist Invis - The Siemens Group Offers Three Mortgage Negotiation Tips

Negotiating a mortgage contract with a financial institution can be an extremely challenging process. The institution is backed by millions of dollars of investments, and as such, has no inherent need

  • January 3, 2017 @ 11:38 AM
  • Posted by Paula Siemens

3 Questions to Ask Your Local Vancouver Mortgage Broker

With the increasing value of homes across Canada, many are in a hurry to buy their next property. But it’s important for Vancouver buyers to take the time to assess marketplace options. Only by

  • November 23, 2016 @ 5:30 PM
  • Posted by Paula Siemens

Saving For College: Four Tips For Parents

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 state and community colleges

  • October 12, 2016 @ 11:14 AM
  • Posted by Paula Siemens

Is Having No Credit As Risky As Having Bad Credit?

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o

  • October 2, 2016 @ 3:43 AM
  • Posted by Paula Siemens

Invis The Siemens Group Provides The Best Mortgage Rates & Debt Consolidation

We’re considered the most reliable mortgage broker offering the best mortgage rates in Vancouver. Our understanding of the marketplace and our commitment to professionalism is what separates us

  • October 2, 2016 @ 3:24 AM
  • Posted by Paula Siemens

Invis - The Siemens Group Highlight 4 Debt Consolidation Myths

Debt consolidation has become one of the leading methods for those with financial challenges to achieve a foundation for success in the future. But most don’t have a clear understanding on what

  • September 14, 2016 @ 11:43 AM
  • Posted by Paula Siemens

Why Should I Repair My Credit?

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r

  • July 15, 2016 @ 11:48 AM
  • Posted by Paula Siemens

Invis - The Siemens Group Explains the Benefits of Debt Consolidation

With many Canadians now struggling with debt issues, and faced with mounting pressure to find a solution, some are now considering a debt consolidation strategy. Despite its common use within the mark

  • July 13, 2016 @ 11:51 AM
  • Posted by

How to Manage Your Credit Card Debt: A 4-Step Strategy

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en

  • June 8, 2016 @ 10:27 AM
  • Posted by

Why is Saving Money so Hard?

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

  • June 2, 2016 @ 12:00 PM
  • Posted by Paula Siemens

Invis The Siemens Group Presents 5 Ways Mortgage Brokers Can Help Homeowners Achieve the Best Mortgage Rates

In paying off a home, the mortgage rate paid by the homeowner will be a significant element in deciding their expenditure. The higher the mortgage rate, the higher the cost of the home. It’s why

  • June 2, 2016 @ 11:59 AM
  • Posted by Paula Siemens

Invis - The Siemens Group Answers 4 Common Debt Consolidation Question

For those with significant debt and little income, the process of recovering from financial strain can be immensely difficult. It’s critical to work with a specialist that understands the debt c

  • May 11, 2016 @ 11:17 AM
  • Posted by Paula Siemens

3 Ways to Change Your Financial Habits

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step

  • April 27, 2016 @ 12:35 PM
  • Posted by Paula Siemens

Thinking of Buying a Home? Ask Yourself These Questions

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

  • February 26, 2016 @ 9:15 AM
  • Posted by Siemens Group

Important Steps to Take in Your 30s to Prepare for Retirement

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

  • January 8, 2016 @ 11:41 AM
  • Posted by Siemens Group

Time to Review Your Home Owner's Policy

Most people get the minimum coverage required whenever dealing with insurance, the same is true for home owner’s insurance. Reviewing your policy instead of just renewing is as important as goin

  • January 8, 2016 @ 11:38 AM
  • Posted by Siemens Group

What is the difference between interest rates and bond yields?

As many of you have heard through our rate updates, the bond yields have been climbing for the past several weeks. This trend is said to stay so it is a fantastic time to devise a long term approach t

  • January 8, 2016 @ 9:36 AM
  • Posted by Siemens Group

5 Things Your Mortgage Broker Isn't Telling You (MoneySense) - Paula's Take

In this recent MoneySense article the author speaks of some provocative topics. The mortgage industry has changed over the past 10+ years, and the mortgage broker has not been immune to some of these

  • January 8, 2016 @ 9:29 AM
  • Posted by Siemens Group

Cheapest isn't always best!

Cheapest isn’t always best! Strangely, we know that’s true when we’re shopping for anything else, but we still tend to believe that lowest rate is the one and only factor in choosing

  • January 8, 2016 @ 9:27 AM
  • Posted by Siemens Group

Time to get Pre-Approved!

Are you thinking of buying or refinancing? Well, if you are it is time to get pre approved and get a rate hold in place. The link below shows the current movement in the 5 year Canada Government Bond.

  • January 5, 2016 @ 3:48 PM
  • Posted by Siemens Group

Penalty Concerns

This article in today’s Toronto Star hits on a point we have been warning our clients about for the past few years. The major banks changed their calculation on how they calculate the pre-paymen

  • January 5, 2016 @ 3:45 PM
  • Posted by Siemens Group

Don't Eat Steak!

http://www.dailymail.co.uk/money/mortgageshome/article-2625808/Want-mortgage-Dont-eat-steak-Revealed-Bizarre-questions-new-home-loan-crackdown.html I thought I would share this Daily Mail story that o

  • January 5, 2016 @ 3:30 PM
  • Posted by Siemens Group

Mortgage Specialists from Invis - The Siemens Group Introduce 5 Ways to Upgrade Your Home & Your Equity

All mortgage specialists know that there are several parts of every mortgage that are bound to be forgotten by the client, including the different aspects surrounding equity. Mortgage brokers from Inv

  • January 5, 2016 @ 3:27 PM
  • Posted by Siemens Group

Finally! Banks Reduce Their Prime Rate

RBC decided to be the first to reduce their prime rtae which will impact all borrowers who have a variable rate mortgage product and unsecured lines of credit. Variable rates are now priced as low as

  • April 8, 2015 @ 7:29 PM
  • Posted by Siemens Group

4 Strategies That Can Help You Get PreApproved

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es

  • February 23, 2015 @ 12:54 PM
  • Posted by Siemens Group

5 easy ways to be mortgage free sooner!

We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l