Broker vs. Bank / Credit / Debts / Lenders / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Home Equity Line of Credit

A HELOC (home equity line of credit) offers a flexible way to borrow money and like a traditional mortgage with the equity in your home is used as collateral. What are the differences between a Home Equity Line of Credit and a mortgage? A HELOC is fully open and can be paid in full at … Continue reading

First Time Home Buyer / Income / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Variable Interest Rates

I love my car…but not enough to live in it!

Sounds like a strange comment but let me explain. At least once a month we have someone apply for a mortgage who has worked very hard to maintain a perfect credit record. We discuss their dreams of home ownership and all the great things they want in their new home. Then we get started on … Continue reading