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	<title>Jessi Johnson &#124; FIRST HOME INFO &#187; Mortgage Terms and Tricks</title>
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		<title>The Smith Manoeuvre &amp; TDMP</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2011/01/the-smith-manoeuvre-tdmp/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2011/01/the-smith-manoeuvre-tdmp/#comments</comments>
		<pubDate>Sun, 30 Jan 2011 01:56:04 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[When dealing with debt, it is crucial to convert bad debt to good debt. Good debt is tax deductable where as bad debt is not. The Smith Manoeuvre converts your principle residence mortgage into a tax deductable debt. The goal is to pay off your mortgag...]]></description>
			<content:encoded><![CDATA[When dealing with debt, it is crucial to convert bad debt to good debt. Good debt is tax deductable where as bad debt is not. The Smith Manoeuvre converts your principle residence mortgage into a tax deductable debt. The goal is to pay off your mortgage faster while enjoying tax deductions and instead of being [...]]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>Broker discounted rate</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/broker-discounted-rate/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/broker-discounted-rate/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 18:32:47 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[The mortgage broker discounted rate is that wonderful rate you can obtain for your mortgage which is generally 1.5% less than the bank posted rate. Share and Enjoy:]]></description>
			<content:encoded><![CDATA[The mortgage broker discounted rate is that wonderful rate you can obtain for your mortgage which is generally 1.5% less than the bank posted rate. Share and Enjoy:]]></content:encoded>
			<wfw:commentRss>http://www.firsthomeinfo.ca/first-time-buyer/2010/12/broker-discounted-rate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>High ratio mortgages</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/uncategorized/2010/03/high-ratio-mortgages/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/uncategorized/2010/03/high-ratio-mortgages/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 18:32:47 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[Share and Enjoy:]]></description>
			<content:encoded><![CDATA[Share and Enjoy:]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Bank posted rate</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/bank-posted-rate/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/bank-posted-rate/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 18:32:46 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[The bank posted rate is the rate banks would previously attempt to sell you until mortgage brokers came into play. Now most banks have smartened up and seldom insult ones intelligence with such high rates. Generally a bank posted rate is about 1.5% hig...]]></description>
			<content:encoded><![CDATA[The bank posted rate is the rate banks would previously attempt to sell you until mortgage brokers came into play. Now most banks have smartened up and seldom insult ones intelligence with such high rates. Generally a bank posted rate is about 1.5% higher then a broker discounted rate. Share and Enjoy:]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>Presale purchase</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/presale-purchase/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/presale-purchase/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 18:32:46 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[Purchasing presale is when you buy a property before it&#8217;s built. If you are planning on selling this property before completion to make a profit, than that would be a perfect example of buying on speculation. Share and Enjoy:]]></description>
			<content:encoded><![CDATA[Purchasing presale is when you buy a property before it&#8217;s built. If you are planning on selling this property before completion to make a profit, than that would be a perfect example of buying on speculation. Share and Enjoy:]]></content:encoded>
			<wfw:commentRss>http://www.firsthomeinfo.ca/first-time-buyer/2010/12/presale-purchase/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Frozen VRM (variable rate mortgage)</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/01/frozen-vrm-variable-rate-mortgage/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/01/frozen-vrm-variable-rate-mortgage/#comments</comments>
		<pubDate>Thu, 18 Nov 2010 07:03:23 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[An excellent way to force an increased payment while protecting yourself from raising interest rates is the frozen mortgage payment available for variable rate mortgages. This option is hard to find but a good broker will know where to look. Let’s ta...]]></description>
			<content:encoded><![CDATA[An excellent way to force an increased payment while protecting yourself from raising interest rates is the frozen mortgage payment available for variable rate mortgages. This option is hard to find but a good broker will know where to look. Let’s take a look at today’s (Jan 15, 2010) frozen payment: 2.05% Current VRM rate [...]]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LTV (loan to value)</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/ltv-loan-to-value/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/ltv-loan-to-value/#comments</comments>
		<pubDate>Thu, 18 Nov 2010 07:03:23 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[Loan-to-value ratio (LTV) is the amount of the mortgage loan (liability) compared to the value of the property. This ratio is calculated by the lender prior to providing the loan. The results of this calculation help to determine whether or not the app...]]></description>
			<content:encoded><![CDATA[Loan-to-value ratio (LTV) is the amount of the mortgage loan (liability) compared to the value of the property. This ratio is calculated by the lender prior to providing the loan. The results of this calculation help to determine whether or not the applicant will qualify for a loan and whether the application, if approved, will [...]]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debt servicing ratios (GDS / TDS ratios)</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/debt-servicing-ratios-gds-tds-ratios/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/debt-servicing-ratios-gds-tds-ratios/#comments</comments>
		<pubDate>Thu, 18 Nov 2010 07:03:22 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[Debt servicing ratios are the ratios used to calculate debt owed by someone looking to obtain a mortgage. Gross Debt Service Ratio (GDS): The percentage of the borrower’s income that is needed to make all payments for costs associated with housing. T...]]></description>
			<content:encoded><![CDATA[Debt servicing ratios are the ratios used to calculate debt owed by someone looking to obtain a mortgage. Gross Debt Service Ratio (GDS): The percentage of the borrower’s income that is needed to make all payments for costs associated with housing. There is a maximum amount associated with this ratio to ensure that borrowers can [...]]]></content:encoded>
			<wfw:commentRss>http://www.firsthomeinfo.ca/first-time-buyer/2010/11/debt-servicing-ratios-gds-tds-ratios/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Qualifying rate</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/qualifying-rate/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/qualifying-rate/#comments</comments>
		<pubDate>Fri, 06 Aug 2010 06:31:58 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[When qualifying for a mortgage, the lender will require you to be qualified for a specific rate regardless of the term or product you take. The concept of a qualifying rate is to reduce the amount of Canadians who are over-leveraging themselves. In the...]]></description>
			<content:encoded><![CDATA[When qualifying for a mortgage, the lender will require you to be qualified for a specific rate regardless of the term or product you take. The concept of a qualifying rate is to reduce the amount of Canadians who are over-leveraging themselves. In the event you have 20% or greater down payment on purchase or [...]]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>Buying on speculation</title>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/buying-on-speculation/</link>
		<comments>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/buying-on-speculation/#comments</comments>
		<pubDate>Fri, 06 Aug 2010 06:31:58 +0000</pubDate>
		<dc:creator>Jessi Johnson Vancouver Mortgage Broker and Real Estate Finance » Mortgage Terms and Tricks</dc:creator>
				<category><![CDATA[Mortgage Terms and Tricks]]></category>

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		<description><![CDATA[Certainly not the safest real estate investment concept but one that was been very successful for people in the past. Buying real estate on speculation essentially means you plan to make your capital (sale revenue) from the equity growth of the propert...]]></description>
			<content:encoded><![CDATA[Certainly not the safest real estate investment concept but one that was been very successful for people in the past. Buying real estate on speculation essentially means you plan to make your capital (sale revenue) from the equity growth of the property, rather than obtaining a tenant and waiting for the years to pay off [...]]]></content:encoded>
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