{"id":7550,"date":"2022-03-18T16:03:08","date_gmt":"2022-03-18T23:03:08","guid":{"rendered":"https:\/\/wiibid.com\/?p=7550"},"modified":"2022-03-18T16:04:18","modified_gmt":"2022-03-18T23:04:18","slug":"breaking-into-the-real-estate-market-without-breaking-the-bank","status":"publish","type":"post","link":"https:\/\/wiibid.com\/?p=7550","title":{"rendered":"Breaking into the real estate market without breaking the bank"},"content":{"rendered":"<section class=\"kc-elm kc-css-261259 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-108389 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc-css-648088 kc_text_block\"><\/p>\n<div style=\"min-width: 300px; width: 60%; margin-right: auto; margin-left: auto;\">\n<p>WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates<\/p>\n<p><i>Robin Williams<br \/>\nPOSTMEDIA CONTENT WORKS<br \/>\nSponsored by Wiibild Solutions Corp\u00a0<\/i><\/p>\n<p><div style=\"width: 1138px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/vancouversun.com\/sponsored\/news-sponsored\/breaking-into-the-real-estate-market-without-breaking-the-bank\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/01\/GettyImages-1063760090-scaled-1.webp\" alt=\"Couple looking at the computer for mortgages\" width=\"1128\" height=\"846\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><span style=\"font-size: 8pt;\">The majority of first-time homebuyers in B.C receive help from their parents. GETTY IMAGES<\/span><\/p>\n<\/div>\n<p data-async=\"\">One of the most frustrating financial challenges in today\u2019s competitive housing market affects not only potential homebuyers, but their parents as well.<\/p>\n<p data-async=\"\">Namely, the skyrocketing cost of real estate makes it increasing difficult for many millennials to afford a down payment on their first home \u2014 and according to a poll of <a id=\"9\" href=\"https:\/\/www.bcnotaryassociation.ca\/resources\/pr\/?id=9\" target=\"_blank\" rel=\"noopener noreferrer sponsored\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\">BC Notaries,<\/a>\u00a090 per cent of them turn to their parents for help. Unfortunately this often puts mom and dad, who have spent their lives saving for their own security, at a certain level of risk.<\/p>\n<p>Fortunately, WiiBid has a solution. WiiBid provides a digital marketplace to borrowers with fast access to the best mortgage rates. It was founded by Amin Eskooch with the goal of using technology to help homebuyers find the best mortgage solutions for their needs. Simply put, the borrower would submit an application then a three-day auction would take place between a plethora of lending institutions on the WiiBid platform, which would provide tailored solutions for each borrower rather than a generic rate quotation. The borrower would then review the resulting bids and select the best offer.<\/p>\n<p>Since then, WiiBid has broadened its client base while maintaining its goal to put the power back into the borrower\u2019s hands. And its latest solution for millennials with down payment problems is to help facilitate reverse mortgages for their parents.<\/p>\n<p><div style=\"width: 1138px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/vancouversun.com\/sponsored\/news-sponsored\/breaking-into-the-real-estate-market-without-breaking-the-bank\"><img decoding=\"async\" src=\"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/01\/GettyImages-1313653801-scaled-1.webp\" alt=\"\" width=\"1128\" height=\"846\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><span style=\"font-size: 8pt;\">The majority of first-time homebuyers in B.C receive help from their parents. GETTY IMAGES<\/span><\/p>\n<\/div>\n<p>Mahmood Ladhani, vice president, referred sales at HomeEquity Bank and a lending partner to WiiBid, explains, \u201cReverse mortgages enable Canadian homeowners 55 and older to access up to 65 per cent of their home\u2019s value and turn it into tax-free cash without having to move or sell.<\/p>\n<p>\u201cPlus, there are\u00a0no monthly mortgage payments required as long as you live in your home and maintain insurance and the payment of property taxes.\u201d<\/p>\n<p>One payment option under a reverse mortgage is a lump sum, ideal for helping millennials get their foot in the door of the high-priced residential real estate market. \u201cAnd it\u2019s a great alternative, allowing parents to not only help their children get into housing but also reduce or eliminate their monthly payments,\u201d says Eskooch.<\/p>\n<p>Thanks to the WiiBid platform, it takes less than 10 minutes to apply for a mortgage and the auction ensures transparent and competitive rate shopping from the comfort and privacy of borrowers\u2019 homes. As with all mortgage applications, the process can save borrowers thousands of dollars in rates and fees.<\/p>\n<p>Ladhani adds that in addition to helping their kids get a leg up, homeowners who take out a reverse mortgage can use the money for a variety of purposes. \u201cWhile an increasing number of clients are giving the money to their kids, many are using it to boost their retirement income, pay for renovations or health-care expenses, or even settle debts,\u201d he says.<\/p>\n<p>Visit\u00a0<a href=\"https:\/\/wiibid.com\/bank-of-parents\/\" target=\"_blank\" rel=\"noopener noreferrer sponsored\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\">WiiBid.com<\/a>\u00a0to learn more about its mortgage services, get advice and access a new way to get financing.<\/p>\n<p data-async=\"\"><em>This story was created by\u00a0<\/em><a href=\"https:\/\/www.postmediasolutions.com\/solutions\/content\/\" target=\"_blank\" rel=\"noopener noreferrer sponsored\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\"><em>Content Works,<\/em><\/a><em>\u00a0Postmedia\u2019s commercial content division, on behalf of WiiBid.<\/em><\/p>\n<h2 style=\"text-align: center;\"><\/h2>\n<\/div>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":11,"featured_media":7554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3],"tags":[9,41,14,39,11,52,40,6,38,36,22,51,48,55],"class_list":["post-7550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-important-news","tag-alternative-lender","tag-bc","tag-borrower","tag-canada","tag-canadian-mortgage","tag-homebuyers","tag-housing-market","tag-mortgage","tag-mortgage-news","tag-news","tag-real-estate","tag-tools","tag-vancouver","tag-vancouver-sun"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Breaking into the real estate market without breaking the bank<\/title>\n<meta name=\"description\" content=\"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wiibid.com\/?p=7550\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking into the real estate market without breaking the bank\" \/>\n<meta property=\"og:description\" content=\"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wiibid.com\/?p=7550\" \/>\n<meta property=\"og:site_name\" content=\"WiiBid\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-18T23:03:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-18T23:04:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Joanne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joanne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550\"},\"author\":{\"name\":\"Joanne\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#\\\/schema\\\/person\\\/7ff12d6ee0b0266f6a025f1c25e3ea4d\"},\"headline\":\"Breaking into the real estate market without breaking the bank\",\"datePublished\":\"2022-03-18T23:03:08+00:00\",\"dateModified\":\"2022-03-18T23:04:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550\"},\"wordCount\":563,\"publisher\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wiibid.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Untitled-design-14.png\",\"keywords\":[\"Alternative lender\",\"BC\",\"Borrower\",\"canada\",\"Canadian mortgage\",\"homebuyers\",\"housing market\",\"mortgage\",\"mortgage news\",\"news\",\"Real Estate\",\"tools\",\"vancouver\",\"vancouver sun\"],\"articleSection\":[\"Blog\",\"News\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550\",\"url\":\"https:\\\/\\\/wiibid.com\\\/?p=7550\",\"name\":\"Breaking into the real estate market without breaking the bank\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/wiibid.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Untitled-design-14.png\",\"datePublished\":\"2022-03-18T23:03:08+00:00\",\"dateModified\":\"2022-03-18T23:04:18+00:00\",\"description\":\"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/wiibid.com\\\/?p=7550\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#primaryimage\",\"url\":\"https:\\\/\\\/wiibid.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Untitled-design-14.png\",\"contentUrl\":\"https:\\\/\\\/wiibid.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Untitled-design-14.png\",\"width\":720,\"height\":460,\"caption\":\"two couple looking on their computer screen for mortgage\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/?p=7550#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/wiibid.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Breaking into the real estate market without breaking the bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#website\",\"url\":\"https:\\\/\\\/wiibid.com\\\/\",\"name\":\"WiiBid\",\"description\":\"Get Your Mortgage Online\",\"publisher\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/wiibid.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#organization\",\"name\":\"WiiBid\",\"url\":\"https:\\\/\\\/wiibid.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/secureservercdn.net\\\/198.71.233.38\\\/27l.08b.myftpupload.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/logo_wiibid.svg\",\"contentUrl\":\"https:\\\/\\\/secureservercdn.net\\\/198.71.233.38\\\/27l.08b.myftpupload.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/logo_wiibid.svg\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"WiiBid\"},\"image\":{\"@id\":\"https:\\\/\\\/wiibid.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/wiibid.com\\\/#\\\/schema\\\/person\\\/7ff12d6ee0b0266f6a025f1c25e3ea4d\",\"name\":\"Joanne\",\"url\":\"https:\\\/\\\/wiibid.com\\\/?author=11\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Breaking into the real estate market without breaking the bank","description":"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wiibid.com\/?p=7550","og_locale":"en_US","og_type":"article","og_title":"Breaking into the real estate market without breaking the bank","og_description":"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates","og_url":"https:\/\/wiibid.com\/?p=7550","og_site_name":"WiiBid","article_published_time":"2022-03-18T23:03:08+00:00","article_modified_time":"2022-03-18T23:04:18+00:00","og_image":[{"width":720,"height":460,"url":"http:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png","type":"image\/png"}],"author":"Joanne","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Joanne","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wiibid.com\/?p=7550#article","isPartOf":{"@id":"https:\/\/wiibid.com\/?p=7550"},"author":{"name":"Joanne","@id":"https:\/\/wiibid.com\/#\/schema\/person\/7ff12d6ee0b0266f6a025f1c25e3ea4d"},"headline":"Breaking into the real estate market without breaking the bank","datePublished":"2022-03-18T23:03:08+00:00","dateModified":"2022-03-18T23:04:18+00:00","mainEntityOfPage":{"@id":"https:\/\/wiibid.com\/?p=7550"},"wordCount":563,"publisher":{"@id":"https:\/\/wiibid.com\/#organization"},"image":{"@id":"https:\/\/wiibid.com\/?p=7550#primaryimage"},"thumbnailUrl":"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png","keywords":["Alternative lender","BC","Borrower","canada","Canadian mortgage","homebuyers","housing market","mortgage","mortgage news","news","Real Estate","tools","vancouver","vancouver sun"],"articleSection":["Blog","News"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/wiibid.com\/?p=7550","url":"https:\/\/wiibid.com\/?p=7550","name":"Breaking into the real estate market without breaking the bank","isPartOf":{"@id":"https:\/\/wiibid.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wiibid.com\/?p=7550#primaryimage"},"image":{"@id":"https:\/\/wiibid.com\/?p=7550#primaryimage"},"thumbnailUrl":"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png","datePublished":"2022-03-18T23:03:08+00:00","dateModified":"2022-03-18T23:04:18+00:00","description":"WiiBid\u2019s digital mortgage marketplace provides fast and convenient access to customized financing solutions at the lowest rates","breadcrumb":{"@id":"https:\/\/wiibid.com\/?p=7550#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wiibid.com\/?p=7550"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/wiibid.com\/?p=7550#primaryimage","url":"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png","contentUrl":"https:\/\/wiibid.com\/wp-content\/uploads\/2022\/03\/Untitled-design-14.png","width":720,"height":460,"caption":"two couple looking on their computer screen for mortgage"},{"@type":"BreadcrumbList","@id":"https:\/\/wiibid.com\/?p=7550#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/wiibid.com\/"},{"@type":"ListItem","position":2,"name":"Breaking into the real estate market without breaking the bank"}]},{"@type":"WebSite","@id":"https:\/\/wiibid.com\/#website","url":"https:\/\/wiibid.com\/","name":"WiiBid","description":"Get Your Mortgage Online","publisher":{"@id":"https:\/\/wiibid.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wiibid.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/wiibid.com\/#organization","name":"WiiBid","url":"https:\/\/wiibid.com\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/wiibid.com\/#\/schema\/logo\/image\/","url":"https:\/\/secureservercdn.net\/198.71.233.38\/27l.08b.myftpupload.com\/wp-content\/uploads\/2020\/03\/logo_wiibid.svg","contentUrl":"https:\/\/secureservercdn.net\/198.71.233.38\/27l.08b.myftpupload.com\/wp-content\/uploads\/2020\/03\/logo_wiibid.svg","width":"1024","height":"1024","caption":"WiiBid"},"image":{"@id":"https:\/\/wiibid.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/wiibid.com\/#\/schema\/person\/7ff12d6ee0b0266f6a025f1c25e3ea4d","name":"Joanne","url":"https:\/\/wiibid.com\/?author=11"}]}},"_links":{"self":[{"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/posts\/7550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/wiibid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7550"}],"version-history":[{"count":9,"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/posts\/7550\/revisions"}],"predecessor-version":[{"id":7630,"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/posts\/7550\/revisions\/7630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wiibid.com\/index.php?rest_route=\/wp\/v2\/media\/7554"}],"wp:attachment":[{"href":"https:\/\/wiibid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiibid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiibid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}