Credit / Downpayment / Insurance / Market Updates / Purchase / Qualifying / Quizzes / Refinance / Rental Properties

How much does it cost to get a mortgage?

How much does it cost to get a mortgage? One of the most frequently asked questions I get is ‘how much does it actually cost to get a mortgage?’ My answer is to budget at least 1% of your purchase price to cover costs and this week I want to detail what that number can … Continue reading

Credit / Documents / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

How strong is your credit application?

When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process which includes meeting the qualifying guidelines, review and understanding of any terms and conditions, paperwork to sign, and more that goes along with getting approved for financing. Are you wondering how … Continue reading

Documents / First Time Home Buyer / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Condo vs. House

What’s the difference between the financing for each? You can’t get a mortgage without a property. For residential mortgage financing, we are going to discuss the mortgage financing for 2 different types of property. A single detached home is a solitary freestanding building, also known as a single-family dwelling; it is usually occupied by 1 … Continue reading

Lenders / Mortgage Renewal / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance

What’s in a mortgage payment

I’m sure you know what a mortgage payment is, in the broad sense of the word, it’s a scheduled repayment plan for the mortgage you’ve obtained on a property. Now let’s delve deeper into what a mortgage payment amount actually includes, how payments can vary, along with how you can use your mortgage payments to … Continue reading