With the pandemic affecting many in different ways, the surprising consistency and growth of the Canadian housing market throughout 2020 and early 2021 has experts stunned. Though many factors play a part in this, the outcome is as expected: home prices have skyrocketed in urban centers and local markets are running red-hot! According to BNN […]
Why opt for a private mortgage over a traditional mortgage? Every situation is different and there are a lot of variables however these are five of the main reasons why you would opt for a private mortgage over going to a bank. 1. Self-employed Someone self-employed who does not necessarily have a steady source […]
purchase of your life. Shopping for a quality mortgage product is a key ingredient in that journey a choosing the right home starts with choosing the right mortgage. While most mortgage shoppers often feel that getting approved for a mortgage is almost like winning a marathon, at WiiBid, we feel it’s the other way around […]
Whether starting or growing a business, your home equity can provide funding necessary to help ramp up or take your business to the next level. While business loans are restricted in use, home equity loans offer a lot more flexibility on how they can be used for your business. Feb. 1 start date for government […]
There are many different forms of properties in the world anywhere from a bungalow to a castle. In British Columbia these are the three main types of properties you will find; Condominiums (Condos) Townhouses Detached Homes Condominiums A condominium is also known as a condo, is a privately owned resistance within a larger building or […]
Buying a property and keeping up with the expenses can be stressful, which is why homeowners need the best mortgage rates possible. It’s not “Home Sweet Home” without a sweet mortgage! That’s why WiiBid, B.C.’s latest innovative mortgage and lending platform, helps consumers find low financing rates by using machine learning and auction technology. Consumers […]
Last year’s Nobel Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson who have analyzed the function of auctions and have designed new auction formats that can be implemented for various platforms and products that are deemed challenging to sell traditionally. Well, what is auction theory? Auction theory is a selling model […]
There used to be a time when downtown Vancouver was one of the most desired destinations, particularly as the central location for business activities, commercial, nightlife, entertainment, some of the best cousins, bars, and the most popular business hub for the city. With the pandemic at play, downtown living doesn’t seem to have all the […]
Trust me, I get it. Most folks tend to wait around for lower rates, a better deal, or a discounted price. I grew up in a household where waiting just a bit longer was always the safest method when it came to purchasing just about anything. Nonetheless, in the context of mortgage hunting, it may […]
For most of us, buying a home is the largest purchase that we will make in our lives and there are a lot of factors to consider. Whether you are a first-time home buyer or are relocating from your existing home, the feeling can be overwhelming and there are a few things to keep in […]
When looking to secure a mortgage loan from a bank, there are several hurdles that borrowers need to leap over. This can be especially stressful combined with time-sensitive pressures – such as when trying to close a deal before another buyer swoops in with a better offer on your dream home. If the bank takes […]
Despite last years’ global pandemic, home sales in Metro Vancouver were 24.6% above the 10-year sales average for November. This dramatic increase in sales alludes to the fact that a higher number of people are applying for mortgages within the province.But the process of applying for, and securing a mortgage, doesn’t look the same for […]
From driving an Ubers afterhours, to managing Airbnb spaces, or creating on Fiverr; Canada’s gig economy has been surging rapidly in recent years. Millennials nationwide are taking an entrepreneurial approach to reach their financing goals. The unprecedented growth in the e-commerce sector has revealed many fascinating opportunities for freelancers to accumulate passive income. As if […]
Lets start with the definitions: Your credit score is a number, based on specific information that gets displayed on your credit report. If you are struggling with high credit card debt with high rates, your credit score may be at risk. Using a mortgage vehicle cab help you pay down debt to save your credit before it’s too […]
“The bank said No? — WiiBid is here to help!The problem is that many Canadian homeowners are weary of alternative mortgages and perceive the banks to be the only source of financing. While alternative and private lenders offer higher rates than the banks, they are far more flexible and much faster; especially when the situation demands it. […]