Tag: Canadian mortgage

One-Stop Online Portal for the Best Mortgage Rates

One-Stop Online Portal for the Best Mortgage Rates

Compare lenders and get approved from the comfort of your own home! Richmond News features WiiBid in their new article as a one-stop shop portal for borrowers to compare lenders and get approved from the comfort of their own homes. The article first highlights the problems many Canadian’s face when trying to obtain a mortgage. […]

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New Mortgage Stress Test: Putting Your Stress Level to the Test?

New Mortgage Stress Test: Putting Your Stress Level to the Test?

Pandemic, Properties and Puppies have been the defining 3 P’s of 2020-2021. Hand in hand with the raging pandemic as we go through multiple waives, the property market is fizzling hot with Canadian sitting on unprecedented levels of household savings. Following 2-3 years of “government induced” cooling in the housing market in the years leading […]

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New Mortgage Company Puts the Power in Borrowers’ Hands

New Mortgage Company Puts the Power in Borrowers’ Hands

The Northshore News released an inciting article this March that covers WiiBid’s overarching goal of shifting the power dynamics within the mortgage industry by putting the power back in borrower’s hands. The newly released article outlines valuable statements from the company’s founder and Chief Executive Officer, Amin Eskooch who capitalizes on the lack of transparency […]

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Winning the Bidding Wars in a Red-Hot Market

Winning the Bidding Wars in a Red-Hot Market

The market is the hottest it has been in sometime, due to record breaking mortgage rates and the increase in demand for relocating! Most of us relate when we say that the process of buying a new home can be stressful, and that is especially the case when it’s a seller’s marketing meaning that there […]

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Are Mortgage Rates Going Up In 2021?

Are Mortgage Rates Going Up In 2021?

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 […]

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5 Reasons People Are Turning To Private Mortgages In 2021

5 Reasons People Are Turning To Private Mortgages In 2021

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 […]

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5 Tips to Get the Best Canadian Mortgage Rates in 2021

5 Tips to Get the Best Canadian Mortgage Rates in 2021

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 […]

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Can You Use A Home Equity Loan For Business Projects?

Can You Use A Home Equity Loan For Business Projects?

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 […]

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What are the top 3 property types you will find in British Columbia

What are the top 3 property types you will find in British Columbia

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 […]

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DIY Mortgage Platform Featured In The Georgia Straight!

DIY Mortgage Platform Featured In The Georgia Straight!

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 […]

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Private Mortgages Powered By Nobel Prize Winning Theory

Private Mortgages Powered By Nobel Prize Winning Theory

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 […]

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2021 BC Real Estate Trends – Tips to Succeed in a Seller’s Market

2021 BC Real Estate Trends – Tips to Succeed in a Seller’s Market

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 […]

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Considering A Private Mortgage? Learn About Their Value!

Considering A Private Mortgage? Learn About Their Value!

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 […]

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6 Tips For Buying A Home In British Columbia

6 Tips For Buying A Home In British Columbia

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 […]

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Rejected by the Bank? Discover Alternative Financing Solutions!

Rejected by the Bank? Discover Alternative Financing Solutions!

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 […]

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