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With close to 20 years in the mortgage industry and a consultative touch, Nishka makes the entire process smooth and easy.
Do we renovate? Do we buy a vacation home? Do we package up our debt and add it to our mortgage? Using your home equity doesn’t have to be expensive. From re-organizing debts to parents helping their children buy homes, draw upon Nishka’s collective experience from dealing with every possible financing scenario over the past 15 years.
“Nishka has been our mortgage advisor for many years. While we have always valued her experience, excellent customer service, and advice in providing financing solutions, it wasn’t until we started our major renovation that we got to see how extensive her knowledge really is. Not only did Nishka recommend over 10 trades people to us, she also came to our home and shared some of her personal experiences, offering ideas from several of her projects on her past homes. She also drew upon the collective experiences that her clients have been through, some of which are property developers.
Working with someone who is “battle tested” has given my wife and I a huge level of comfort as we take the leap into this massive undertaking!”
– Leonard and Liana Cox – North Vancouver
As a real estate investor you want a mortgage advisor with experience. In addition to structuring mortgage financing deals for over 15 years, Nishka is also an active real estate investor herself. Having bought and sold close to 10 properties in the past 10 years, Nishka understands how real estate in the Vancouver area is an integral part of building wealth. With over 50 lenders at her disposal, Nishka can find the funds to “do the deal” and structure it in a tax efficient manner.
– Robert and Kasia
How exciting! After driving around town, visiting a million open houses over countless Saturday’s, you are ready to make an offer. Or maybe it’s just the opposite! The house that you have always found an excuse to drive by now has a For Sale sign! Suddenly the traffic on the street seems much more than usual; you know you are going to have to go into a multiple offer situation to get this one!
This is where Nishka shines! In either situation you need a mortgage advisor who can act fast to get you an approval with the right lender so you can remove that “subject to financing clause” ASAP!
“Buying a house and securing financing is a very stressful experience, however, through working with Nishka, the process was surprisingly easy. She was extremely helpful in explaining all the details to us. She has years of experience and knowledge in the industry and was creative in helping us achieve our goals. I would, without a doubt utilize her services again in the future and would recommend her to anyone looking into mortgage financing as she is one of the best at what she does!”
– John from New Westminster
– Angela
You want to explore your options. Perhaps you are tired of making appointments during “Banker’s Hours” or you would like some advice on what type of mortgage best fits with the current rate environment. With access to over 50 lenders Nishka has the ability to find the right mortgage, with the right lender that best fits your needs. Today’s mortgage financing landscape is very different than when you initially set up your mortgage. Let Nishka guide you through the new government legislation and product options.
“Nishka listened to our financial needs and knew exactly how we should proceed to achieve our lifestyle goals. Thank you Nishka – you are amazing in every way!”
– Tracy and Declan Sacre – North Vancovuer
How exciting! Buying your first home is something you will remember for a life time! Let me tell you why First Time Buyers love dealing with Nishka!
Compass™, a program available exclusively from Nishka, allows you to harness her 20 years of experience as an Accredited Mortgage Professional. First Time Buyers that have been through the Compass™ process, on average buy a home 50% sooner and at a 50% to 70% greater purchase price than those First Time Buyers that haven’t gone through the process. With Compass™ you will get the road map and the directions you need to get you moving into your very first home!
– Mike and Sherri
Nishka has been an amazing resource for our first home purchase. She was professional and thorough throughout the process and secured a great rate for us quickly and efficiently. Thanks Nishka!
– Ian and Elisabeth
“As first time home buyers, we didn’t know much about the mortgage process. Nishka made everything simple, was always there to answer questions, and catered to our personal needs in finding the right mortgage for us!”
– Jon and Cassia
“So grateful to have Nishka help us make our dream a reality!!
I can’t speak highly enough to explain how much Nishka has helped us through the process of buying our first home. She not only helped us secure a great mortgage product with one of the best rates, but in my mind she also went way outside her job description to make the entire process comfortable for us by having such a wealth of knowledge in all areas of the home buying process. I walked into her office just to explore what it would take to get ourselves into a position where we could buy our own home and with an amazing suggestion on how we could invest in RRSP’s to maximize our tax refund and then utilize our first time home buyers program we actually turned just and idea into me sitting here now in our beautiful home writing about the experience all within 6 months. There were a lot of unknowns and really big sometimes scary decisions to be made along the way when buying our house and what I loved about working with Nishka is that she was always available to return my calls. When we were hunting for houses I think I had to call her 3 times in a row to ask different questions and not once did she ever make me feel as though I was being a bother and she always had a way of leaving me feel very comfortable and confident in what I was doing. Nishka went way above my expectations and I am so grateful to have met such a great person and I will definitely be continuing our journey with her when our mortgage term comes time for renewal. If anyone is considering buying a home or is looking to find a great mortgage I highly recommend you see Nishka to discuss your options she has made our dream come true and I really know she would be helpful to anyone who is going through the process.”
– Sarah & Jay
Very happy new homeowners!!!
As first time home-buyers, my husband and I were referred to Nishka to help us secure a mortgage. Nishka was incredibly patient, meeting with us in person to answer all of our questions and coach us through the process. She also made sure to keep in touch regularly throughout our experience so we were aware of where things were at and what was required of us. Even when faced with unique challenges, Nishka went above and beyond in gathering additional information and providing guidance to us on how to navigate our situation. Overall, the knowledge she shared with us and her drive to get us set up with the best mortgage possible reduced our stress and made the entire process easy and straightforward. We would recommend Nishka to other first time home-buyers in a heart beat!
-Amy and Shaun
A Mortgage Finance Blog filled with insights on real estate!
The prime lending rate was left unchanged today by the Bank of Canada (BOC), which is not a shocker as I’m sure the Vegas odds are higher that Trudeau will embarrass himself on the global stage at least one more time before rates move.
As I write this last post for the decade I’ve come to realize that reading through the BOC announcement is like deciphering spy code. There are a lot of clues left in their well written economic prose, and when you combine it with other economic intel (intelligence) you can get a sense of what the Governor is trying to allude to. And to answer your question, yes I have been binge watching Jack Ryan on Prime.
So what information do I have to report back to HQ?
If you scroll down this post you find some BOC tidbits that may have slipped under most peoples radar:
So as I hinted at the beginning of this post there were some big comments made by the BOC that I’m sure will not be making headlines:
What was said: Inflation expected to stay at the target level for the next two years.
Why that is important: This is like the RCMP telling you where the radar traps will be for the next two years. The BOC basically said don’t expect any rate increases.
What was said: Consumer spending underpinned by stronger wage growth.
Why that is important: This is like a marathon runner getting their second wind at the 22 mile mark. The consumer was the hero that pulled the global economy out of the great recession, but they’ve been running out of steam which has led to accumulating debt. Now that we are seeing some wage growth, people will be able to have some cushion and hopefully pay some of that debt off.
What was said: Investment spending showed unexpected strong growth
Why that is important: This is like that exciting moment in the a relay race where the tired, spent runner hands the baton to the other, and the next runner sprints off full of vigor in the next leg of the race. In the economic relay race the consumer has been trying to do th hand off to the business sector for about 2 years. But because of all the economic uncertainty businesses have been reluctant to take the baton. As result they’ve been sitting on piles of cash. The fact that they are opening up the purse strings means that they are feeling confident about the direction of the economy. Let’s hope they run with it!
What does these three factors mean for your mortgage? That’s where get to the bottom line:
The Bottom Line:
So with the above in mind what are we advising our clients?
If the economy continues to stay mired in uncertainty we are expecting the cost of funds to remain relatively cheap for the banks. This should translate into rates staying close to where they are now, with the occasional rate special thrown out there by a lender or two. Having said that, the time to use the services of an independent mortgage advisor could not be more important.
With some lenders wrapping up their year ends in October, and others with December year ends, there is a huge variance in rates in the market place. We are seeing some lenders sitting back waiting for the spring market, while others are trying to meet their year end targets and offering super low rates.
The selection in mortgage products is also mind boggling. Our internal rate sheet has over 15 lenders, that combined, offer over 45 products. As a consumer how do you decipher that?! You don’t you hire a professional – who BTW doesn’t cost you anything.
Besides – wouldn’t you rather be on the slopes vs trying to figure out what to do with your mortgage?
Did you Like this post? Then you’ll Like my Facebook Page. It’s filled with current news on what’s going on in the world of real estate.
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Since 1995 Nishka has been providing financing solutions for North Vancouver, Vancouver and the Tri-City areas. In that time she has come to understand one simple thing; owning real estate is a key ingredient to creating wealth. “I’ve had the opportunity to meet and interview some very successful people. The common thread between them was that they all actively used real estate to build their net worth.” With this in mind, Nishka is an active advocate in helping clients on their journey in either starting or building on their real estate portfolio. It’s not all about building wealth though. ” Living in Vancouver is a lifestyle choice. We choose a community that we feel our family will be able to connect with. Having lived in North Vancouver for close to 20 years; I am able to provide insight into the various communities and their idiosyncrasies.” When we asked Nishka what does she love about her role as a Mortgage Advisor: ” Helping people. It’s as simple as that. When I meet people they are often at the cross roads of some pretty big decisions. Providing insight from my collective experience and guiding them through the process to the solution is challenging and also exciting.”
“My wife and I were facing the exciting, but also somewhat horrifying task of purchasing our first apartment. As first time buyers, we really didn’t know a whole lot of the ins and outs of a home purchase and about all the different types of mortgages and lenders. Nishka made this whole process easy and as stress free as it could possibly have been. We were referred to her by a coworker and from day one she was absolutely wonderful. She is calm, patient, informative, extremely professional, and very easy to get ahold of if you have questions or concerns. We would highly recommend Nishka to anyone looking for a mortgage.”
– Mike and Sherri
“As first time home-buyers, my husband and I were referred to Nishka to help us secure a mortgage. Nishka was incredibly patient, meeting with us in person to answer all of our questions and coach us through the process. She also made sure to keep in touch regularly throughout our experience so we were aware of where things were at and what was required of us. Even when faced with unique challenges, Nishka went above and beyond in gathering additional information and providing guidance to us on how to navigate our situation. Overall, the knowledge she shared with us and her drive to get us set up with the best mortgage possible reduced our stress and made the entire process easy and straightforward. We would recommend Nishka to other first time home-buyers in a heart beat!”
– Amy and Shaun
“So grateful to have Nishka help us make our dream a reality!!
I can’t speak highly enough to explain how much Nishka has helped us through the process of buying our first home. She not only helped us secure a great mortgage product with one of the best rates, but in my mind she also went way outside her job description to make the entire process comfortable for us by having such a wealth of knowledge in all areas of the home buying process. I walked into her office just to explore what it would take to get ourselves into a position where we could buy our own home and with an amazing suggestion on how we could invest in RRSP’s to maximize our tax refund and then utilize our first time home buyers program we actually turned just and idea into me sitting here now in our beautiful home writing about the experience all within 6 months. There were a lot of unknowns and really big sometimes scary decisions to be made along the way when buying our house and what I loved about working with Nishka is that she was always available to return my calls. When we were hunting for houses I think I had to call her 3 times in a row to ask different questions and not once did she ever make me feel as though I was being a bother and she always had a way of leaving me feel very comfortable and confident in what I was doing. Nishka went way above my expectations and I am so grateful to have met such a great person and I will definitely be continuing our journey with her when our mortgage term comes time for renewal. If anyone is considering buying a home or is looking to find a great mortgage I highly recommend you see Nishka to discuss your options she has made our dream come true and I really know she would be helpful to anyone who is going through the process.”
– Sarah & Jay
Very happy new homeowners!!!
– Sarah
– Robert and Kasia
– Angela
“My family and I HIGHLY recommend Nishka Riley. We’ve used her expertise more then once. She, every single time, succeeded where others repeatedly kept failing. She is a Life Saver and Happiness Maker… Thank you Nishka for who you are and for helping others be where they want to be.”
– Kamal Derkaoui csc
Nishka has been an amazing resource for our first home purchase. She was professional and thorough throughout the process and secured a great rate for us quickly and efficiently. Thanks Nishka!
– Ian and Elisabeth
“Nishka has been a pleasure to work with. She is a warm and sincere person and also has great vision and knowledge.”
– Juliette Schmerler
“I’ve known Nishka for several years and have found her to consistently be a knowledgeable expert in the field of mortgage financing. I would highly recommend her services to anyone requiring mortgage advice or insight related to financing a real estate transaction, either for personal use or investment purposes.”
– Gord Trembath
The service that Nishka provided was exceptional. Not only did she find me a great mortgage but also gave me some common sense solutions for future investments. I would highly recommend Nishka to my friends and family, and look forward to working with her in the future.
– Mark Walker
Quoted in:
December 2011 Issue October 2011 Issue
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