You can’t live in your car
Credit / Documents / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance

You can’t live in your car

When it comes to qualifying for a mortgage, the current debts you have affects the mortgage amount you can qualify for. I often see buyers who have worked hard to maintain a good credit score and saved up the downpayment. Then I have to tell them they don’t qualify at the price they want to … Continue reading

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

Financing a Rental Property

5 Things you need to know When it comes to residential mortgage financing, I always ensure I have the answer to this very important question before going any further into the conversation. Is the property going to be your principle residence that you owner occupy or is it a rental property, also known as a … Continue reading

Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Insurance Premiums are Increasing

What you need to know An announcement last week made by Canada Mortgage and Housing Corporation (CMHC) advised the mortgage insurance premiums will be increasing effective May 2014. This week, I want to highlight how those changes will affect a potential borrower looking for new financing. Although the updated premiums are expected to have a … Continue reading