Phone: 778-859-7195     Email: yiannis@yiannisandreou.com

Understand GDS and TDS

GDS RATIO (Gross Debt Service Ratio): The percentage of gross annual income required to cover payments associated with housing. Payments include mortgage principal, interest, property taxes and sometimes include secondary financing, heating, condominium fees or pad rent. TDS RATIO (Total debt service ratio): The percentage of gross annual income required to cover payments associated with…

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Borrow more money or?

REAL ESTATE   Borrowing money can increase the return on your investment but be careful…. One of the biggest benefits (and in some case draw backs) associated with real estate as an investment is the high degree of financial leverage that’s potentially available. Financial leverage can be defined as the use of fixed cost debt…

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Borrow your down payment

BREAKING NEWS   Purchasing a new home? Now you can borrow your down payment! So your having a tough time saving for a down payment? This recent announcement just might make it possible for you to get the home you have always wanted. Canada Mortgage and Housing (CMHC) has just announced that home buyers will now…

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Friends & Family Benefits

Important Note:  The following benefits are  available to Friends & Family who are active recipients of the Monthly News and Rates Advisor.   My services are free as the bank pays me a finder’s fee for clients with 600+ credit scores   Access to the interest rates the banks don’t want you to know are available saving you thousands of…

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Trusted Partners

The following businesses are highly recommended as they meet the standards of longevity, integrity, ethics, excellent customer service and care in their communities.   Affiliate Marketing: Sarah Bundy   –   http://www.allinclusivemarketing.com/ Event Videography & Live Stream Experts: Trevor Marples  –  http://9thdimension.ca/ Graphics & Web Design: Laurie Kingdon  –  http://outsidetheboxgraphics.net Home Inspectors: David Fairbairn(10% Discount) – https://fairbairninspections.com/ Realtors: Louise…

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Smart Equity

Discover How our Clients Save on Average Just Over $100,000 in  Unnecessary Interest Payments The simple truth is that the #1 concern for many home owners is debt. It’s keeping them up at night — and distracted and anxious at work. They can’t afford to lower their budget to pay down their mortgage and other…

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Transparency on Mortgage Broker Compensation

For clients with credit scores over 620 that meet all lender parameters for Income, GDS/TDS ratios, Credit & Property location – The prime lender pays a fee when the credit score is over 600 and the client does not have to pay a fee as long as the quality of the house, the strength of the…

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Title Insurance Tidbits

By Robert McLister, Editor, CanadianMortgageTrends.com Jan 16, 2013 – 9:30:54 AM   Title insurance is usually an afterthought for people getting a mortgage. But it’s becoming more of a decision point since so many lenders now require it.   The purpose of title insurance is to protect you if there’s a problem with your title.…

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Understanding your credit score (FICO)

Q’S AND A’S FICO Score, BEACON Score, Equifax Driven by the financial industries desire for an equitable method of comparing the credit worthiness of borrowers, Fair Isaac & Co developed a credit measurement tool in the 1950’s called the FICO® score. Now considered to be the industry standard, the FICO® score is used by most lenders from…

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Switching mortgages in Canada

Q’S AND A’S   Is switching your mortgage a good idea? You’ve heard about the switch mortgage and know that it means moving your mortgage to another lender but don’t quite understand the whole story. I think that the best way to tackle the switch mortgage subject is to answer some of the many questions…

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