Broker vs. Bank / Documents / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Is Your Income Eligible?

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. One of the most common questions we get asked is what kind of income is eligible to be used in the qualifying calculations. Your mortgage lender will want to first confirm … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Make Your Mortgage Fashionable

Put your Power Team together like your Power Outfit The roles and responsibilities of those involved in a typical mortgage transaction can be likened to the components of a trendy outfit. I’ll highlight the similarities between both while at the same time exploring the expectations you should ask from all parties involved. Let’s start with … Continue reading

Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / Qualifying

Zero Downpayment Products to be the Next Casualty

The good news is you can still buy a house with no downpayment, the bad news is these programs are ending soon- October 31st to be exact.  This means we can now add the no-downpayment products to the “mortgage casualty list” that we have witnessed getting lengthier over the past few years. This comes as … Continue reading