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	<title>Maury Lum</title>
	
	<link>http://www.maurylum.com</link>
	<description>Mortgage Information For Vancouver BC</description>
	<lastBuildDate>Thu, 11 Mar 2010 17:18:54 +0000</lastBuildDate>
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		<title>Mortgage Changes Part 3 – Self Employed</title>
		<link>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-3-self-employed/</link>
		<comments>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-3-self-employed/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 00:57:21 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Self-Employed & Commissioned Sales]]></category>
		<category><![CDATA[mortgage approval]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>
		<category><![CDATA[self employed]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=1017</guid>
		<description><![CDATA[Changes to self employed mortgage programs
This set of changes will happen slightly earlier than the other 2, by or before April 9, 2010.
Here is a summary of the changes and impact to self employed individuals and their insured mortgage program:

New minimum down payment, increased to 10% of the purchase price
New maximum refinance, reduced to 85% [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Mortgage Changes Part 2 – Rental properties and Rental income</title>
		<link>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-2-rental-properties-and-rental-income/</link>
		<comments>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-2-rental-properties-and-rental-income/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 00:32:49 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Rental/Investment Properties]]></category>
		<category><![CDATA[investment properties]]></category>
		<category><![CDATA[mortgage approval]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>
		<category><![CDATA[rental properties]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=1015</guid>
		<description><![CDATA[New mortgage rules for investment properties and rental income.
By or before April 19, 2010, there will be changes to how non-owner occupied properties (i.e. rental and investment properties) are handled with respect to mortgage insurance (e.g CMHC, Genworth, AIG). These changes will affect people who are looking to both purchase a non-owner occupied property as [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Changes Part 1 – Qualifying Rate</title>
		<link>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-1-qualifying-rate/</link>
		<comments>http://www.maurylum.com/blog/2010/03/10/mortgage-changes-part-1-qualifying-rate/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 00:03:02 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[Market Update]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[first-time buyer]]></category>
		<category><![CDATA[mortgage approval]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=1013</guid>
		<description><![CDATA[New rate to be used when qualifying for a mortgage. Could reduce how much you can be approved for.
By or before April 19, 2010, when qualifying for an insured (e.g. CMHC) mortgage and determining how much you can be approved to borrow, a different rate may be used for this process.
Here is a summary of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Documentation For Mortgage Approvals</title>
		<link>http://www.maurylum.com/blog/2010/03/09/documentation-for-mortgage-approvals/</link>
		<comments>http://www.maurylum.com/blog/2010/03/09/documentation-for-mortgage-approvals/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 04:18:00 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[first-time buyer]]></category>
		<category><![CDATA[mortgage approval]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=1006</guid>
		<description><![CDATA[This is a brief introduction to understanding the documents that will be required in order to confirm your mortgage approval. Banks need to verify all information that is part of the mortgage application via 3rd party documentation.
Categories of documentation include:

Income (e.g. letter of employment and recent pay stubs for employed people; 2 years tax returns [...]]]></description>
		<wfw:commentRss>http://www.maurylum.com/blog/2010/03/09/documentation-for-mortgage-approvals/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Broker Availability – Why its so important</title>
		<link>http://www.maurylum.com/blog/2010/03/05/mortgage-broker-availability-why-its-so-important/</link>
		<comments>http://www.maurylum.com/blog/2010/03/05/mortgage-broker-availability-why-its-so-important/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 23:58:40 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=973</guid>
		<description><![CDATA[Mortgage broker availability and why it is so important.
Throughout the home buying process, from the time of mortgage pre-approval, through to and even beyond the closing date, having timely access to a mortgage professional is extremely valuable. Everyone has a busy schedule with their professional and personal commitments. However, when purchasing a home or even [...]]]></description>
		<wfw:commentRss>http://www.maurylum.com/blog/2010/03/05/mortgage-broker-availability-why-its-so-important/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Home Renovation Tax Credit (HRTC) Program- Canceled</title>
		<link>http://www.maurylum.com/blog/2010/03/05/home-renovation-tax-credit-hrtc-program-canceled/</link>
		<comments>http://www.maurylum.com/blog/2010/03/05/home-renovation-tax-credit-hrtc-program-canceled/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 16:52:07 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[Home renovations]]></category>
		<category><![CDATA[Market Update]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=964</guid>
		<description><![CDATA[Home Renovation Tax Credit (HRTC) Program Canceled 
Announced yesterday as part of the Federal budget was that the Home Renovation Tax Credit (HRTC) program will not be continued this year (2010) after its introduction in 2009. The program was too popular and is not something that they could sustain moving forward.
This is unfortunate, however, than [...]]]></description>
		<wfw:commentRss>http://www.maurylum.com/blog/2010/03/05/home-renovation-tax-credit-hrtc-program-canceled/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank Prime, Variable Rate Mortgages – No Change, but …</title>
		<link>http://www.maurylum.com/blog/2010/03/03/bank-prime-variable-rate-mortgages-no-change-but/</link>
		<comments>http://www.maurylum.com/blog/2010/03/03/bank-prime-variable-rate-mortgages-no-change-but/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 16:53:01 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Mortgage Rates]]></category>
		<category><![CDATA[Save Money With Your Mortgage]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=962</guid>
		<description><![CDATA[Bank Of Canada Meeting &#8211; Bank Prime Variable Rate Mortgages, No Change Yet &#8211; But Coming Soon
Yesterday the Bank of Canada met and decided to leave their rate unchanged at its historic low level. They reiterated their plan to start raising rates by or before the end of the second quarter of 2010, conditional on [...]]]></description>
		<wfw:commentRss>http://www.maurylum.com/blog/2010/03/03/bank-prime-variable-rate-mortgages-no-change-but/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Property Transfer Tax Partial Exemption Up To 450K – First Time Buyer Vancouver</title>
		<link>http://www.maurylum.com/blog/2010/02/24/property-transfer-tax-partial-exemption-up-to-450k-first-time-buyer-vancouver/</link>
		<comments>http://www.maurylum.com/blog/2010/02/24/property-transfer-tax-partial-exemption-up-to-450k-first-time-buyer-vancouver/#comments</comments>
		<pubDate>Wed, 24 Feb 2010 17:13:33 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[first-time buyer]]></category>
		<category><![CDATA[land transfer tax]]></category>
		<category><![CDATA[property transfer tax]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=944</guid>
		<description><![CDATA[Property Transfer Tax &#8211; First Time Home Buyers
I have done a post previously on property transfer tax in BC for first time buyers. First time home buyers may be eligible to be exempt from this tax totally when the purchase price is equal to or less than $425,000, a savings of $6,500. However, what a [...]]]></description>
		<wfw:commentRss>http://www.maurylum.com/blog/2010/02/24/property-transfer-tax-partial-exemption-up-to-450k-first-time-buyer-vancouver/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Penalties – Fixed Rate Closed Mortgages</title>
		<link>http://www.maurylum.com/blog/2010/02/19/mortgage-penalties-interest-rate-differential-ird/</link>
		<comments>http://www.maurylum.com/blog/2010/02/19/mortgage-penalties-interest-rate-differential-ird/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 18:23:37 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[Mortgage Refinance]]></category>
		<category><![CDATA[Renew mortgage]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[first-time buyer]]></category>
		<category><![CDATA[fixed rate mortgages]]></category>
		<category><![CDATA[interest rate differential]]></category>
		<category><![CDATA[IRD]]></category>
		<category><![CDATA[mortgage broker]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>
		<category><![CDATA[mortgage penalties]]></category>
		<category><![CDATA[mortgage renewal]]></category>
		<category><![CDATA[pay off debt]]></category>
		<category><![CDATA[Refinance]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=923</guid>
		<description><![CDATA[Mortgage Penalties for Fixed Rate Closed Mortgages
Mortgage penalties explained for fixed rate closed mortgages. Three (3) months of interest or Interest Rate Differential (IRD), whichever is greater. I covered mortgage penalties for variable rate closed mortgages in a previous post. For further information on mortgage penalties and or to discuss all of your options, contact [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Changes To Mortgage Qualification – New Rules</title>
		<link>http://www.maurylum.com/blog/2010/02/16/changes-to-mortgage-qualification-new-rules/</link>
		<comments>http://www.maurylum.com/blog/2010/02/16/changes-to-mortgage-qualification-new-rules/#comments</comments>
		<pubDate>Tue, 16 Feb 2010 20:58:35 +0000</pubDate>
		<dc:creator>Maury Lum</dc:creator>
				<category><![CDATA[First-Time Buyers]]></category>
		<category><![CDATA[Market Update]]></category>
		<category><![CDATA[Mortgage Refinance]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Renew mortgage]]></category>
		<category><![CDATA[Rental/Investment Properties]]></category>
		<category><![CDATA[CMHC]]></category>
		<category><![CDATA[consolidate debt]]></category>
		<category><![CDATA[down payment]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[first-time buyer]]></category>
		<category><![CDATA[mortgage broker]]></category>
		<category><![CDATA[mortgage broker Vancouver]]></category>
		<category><![CDATA[mortgage renewal]]></category>
		<category><![CDATA[pay off debt]]></category>
		<category><![CDATA[Refinance]]></category>
		<category><![CDATA[Renovations]]></category>

		<guid isPermaLink="false">http://www.maurylum.com/?p=929</guid>
		<description><![CDATA[New Rules for Mortgage Qualification
Announced today, effective April 19, 2010, or sooner, there will be three (3) new rules that will apply to the qualification for government backed, insured mortgages (i.e. CMHC, high ratio insured mortgages). The changes are:

Minimum down payment for non-owner occupied properties will be increased to 20% of the purchase price (currently [...]]]></description>
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		<slash:comments>0</slash:comments>
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