Credit / Documents / Income / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Stated Income Mortgages going the way of the Dinosaurs?

Stated Income Mortgages are made to cater to the self-employed borrower. By utilizing a stated income product, self-employed borrowers do not need to prove their income through traditional third party formats like a job letter or paystubs. Instead, we are able to “state” your income at an amount that is reasonable for your industry experience … Continue reading

Broker vs. Bank / Credit / Debts / Documents / First Time Home Buyer / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

The mortgage process in 5 steps

  1. Talk to the MortgageGirls We will ask a series of questions relating to your family income and assets, the size and source of your down-payment as well as your other monthly debts. This will allow us to determine your financial profile so we can then discuss purchasing a property and your borrowing goals … Continue reading

Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Rent-to-Own Homes: The Basics

As a mortgage broker, we often don’t come into the rent-to-own transaction until the buyer is actually ready to purchase the house they have been renting-to-own. A big difference between a rent-to-own contract and a regular purchase contract is the purchase price was agreed upon when you originally entered into the rental agreement and the … Continue reading