http://vancouvercondo.info/forum/tags/mortgage Lower Mainland housing and economic issues. en-US Wed, 08 Feb 2012 14:18:06 +0000 http://bbpress.org/?v=1.0.2 q http://vancouvercondo.info/forum/search.php http://vancouvercondo.info/forum/topic/sneak-peek-at-whats-to-come#post-339 Mon, 03 May 2010 11:12:46 +0000 vreaa 339@http://vancouvercondo.info/forum/ <p>Great find, thanks. </p> http://vancouvercondo.info/forum/topic/sneak-peek-at-whats-to-come#post-337 Mon, 03 May 2010 09:06:26 +0000 curious lurker 337@http://vancouvercondo.info/forum/ <p>I saw this commercial on TV about prizes from the river rock casino for $10,000 worth of mortgage relief.</p> <p>It's the 'river rock' casino of southern california, but is this something we might see in the future here in the lower mainland?</p> <p><blockquote>Mortgage Relief - March 22 - May 12, 2010</p> <p>Play and Win Tickets Daily: Monday, March 22 - Wednesday, May 12<br /> Drawing Dates: Every Wednesday in April &amp; Wednesday, May 5 &amp; 12, 2010 beginning at 6pm each night.<br /> Play your favorite River Rock slots or table games to earn your chance to win! For six Wednesday nights four winners will score up to $2,500 each! Every hour from 6pm to 9pm we are giving away cash to cover your rent or mortgage for a month. But we don't stop there! Three $250 Hot Seats will be given away at both 10pm and 11pm! It gets even better, May 12 at 10pm we boost the grand prize amount up to $30,000 to pay for a year's worth of your home mortgage, lease or rent bills. Now that's what we call Relief! We will keep the winning spirit alive at 11pm with five $500 Hot Seat winners to celebrate. Don't miss out on your chance to join in on all the excitement and win big!<br /> Must be present to win. Get all the details at The Club.</blockquote></p> <p>Of course I wonder, if you are having mortgage payment problems requiring 'relief', wth are you doing gambling in a casino?!</p> <p><a href="http://www.riverrockcasino.com/promotions.aspx">http://www.riverrockcasino.com/promotions.aspx</a> </p> http://vancouvercondo.info/forum/topic/cmhc-changes-to-stated-income-mortgages#post-90 Mon, 22 Mar 2010 18:57:59 +0000 The Ant 90@http://vancouvercondo.info/forum/ <p>I just noticed on Larrys blog that <a href="http://www.yattermatters.com/real-estate/daily-drama/#more-12100">April 9th</a> marks the beginning of a new rule for CMHC insured mortgages going to self employed people. I hadn't seen this change in the list of new rules yet, so it's new to me, but this could be another one to have a fair amount of impact on the Vancouver market.</p> <p>The <a href="http://blog.ninapousette.com/2010/03/13/cmhc-clarifies-changes-to-mortgage-insurance-rules/">new rule</a> states that if you have no proof of income you can no longer buy with 5% down - you now require 10% down, and if you've been self-employed for more than 3 years you have to provide proof of income.</p> <p>If you're just starting a new grow-op though, you can simply state your income and put down 10% for your CMHC insured mortage. &lt;img src=&quot;http://vancouvercondo.info/forum/my-plugins/bb-smilies/default/icon_lol.gif&quot; title=&quot;:lol:&quot; class=&quot;bb_smilies&quot; /&gt; </p>