Andy Lee

Mortgage Advisor

[Andy Lee @Andy_Lee_YVR]

Starting 6/1,/ 2021 both insured and uninsured mortgage borrowers will be subject 5.25% up from 4.79% when qualifying for their mortgage.

The higher minimum stress test is expected to cut maximum buying power by between 4% and 4.5%.

[Andy Lee @Andy_Lee_YVR]

Millennial‘s aren’t living in parents basements.

Not only they’re buying homes in the millions.

Millennials are changing the luxury real estate market.

[Andy Lee @Andy_Lee_YVR]

Should I buy a home in 2021? (Part 1)

Answer:

No! If you are:

1. NOT having financing in placed
2. Can not afford to pay cash
3. Your are entering into a bidding war
4. You buying decision is based on “FOMO”
5. You have no saving left after 🥲

[Andy Lee @Andy_Lee_YVR]

I am back Instagram

👌👌👌

[Andy Lee @Andy_Lee_YVR]

Buying a home in Vancouver maybe the best financial strategy you can ever make as a Vancouverite. Not only your home enjoys tax free appreciation and it is also inflation hedged as long as government keeps printing money like a mad scientist 👨‍🏭

[Andy Lee @Andy_Lee_YVR]

Warren Buffett says you should refinance your mortgage.

He says it's a good time to borrow money.

If you own your own home and haven't refinanced in 2021, maybe it's time to cut down the cost of your mortgage.

Check out the 3 reasons you should!

[Andy Lee @Andy_Lee_YVR]

Dear Homebuyer:
Government is NOT your friend!!

“Hi Andy, one other question.

If we do less than 20% down, how much will the mortgage insurance be?
Say if we put down 10% on a 750k home instead of 20%?

We would like to see all the options, thank you for all your help!”

[Andy Lee @Andy_Lee_YVR]

Just posted a photo @ Vancouver, British Columbia https://t.co/N38gWDLCPY

[Andy Lee @Andy_Lee_YVR]

When getting a mortgage, borrowers tend to always ask us: “ what’s yours best rate?”

What they are really saying is “they want a mortgage that allows them to pay the least amount of interest overtime!”

Unfortunately the lowest rate isn’t always best for you, read on!

[Andy Lee @Andy_Lee_YVR]

Renter:

When the market dip more than 10%, I will buy this house. Do you think market will correct in 2021?

Me: I been doing this for a while now I know when is the best time to buy!

Renter: Really? When is it?

Me: Five years ago🙃

[Andy Lee @Andy_Lee_YVR]

Vancouver home sales are the strongest ever for any December in history.