Improve Your Credit in 10 Steps
Credit / First Time Home Buyer / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Improve Your Credit in 10 Steps

Your credit score is becoming more of an asset today than it has ever been before. A good credit score impacts many aspects of your life including your ability to borrow money. Lenders are increasing minimum credit score requirements in order to qualify for a mortgage and even landlords are ordering credit reports before renting … Continue reading

Qualifying Income: Does Yours Apply?
Documents / Downpayment / First Time Home Buyer / Income / Lenders / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

Qualifying Income: Does Yours Apply?

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

Buying A Rental Property
Broker vs. Bank / Credit / Documents / Downpayment / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Buying A Rental Property

What You Need To Know Whether this is your first revenue property purchase or your 5th, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know about qualifying for a rental property mortgage. The below guidelines can apply to both … Continue reading

Prepare Your Paperwork
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance

Prepare Your Paperwork

Mortgage documents required for financing approval What is required to get a mortgage approval is more extensive than it was five years ago. Not every mortgage is alike and neither are the document requirements. There are some documents that every mortgage approval requires, below is a list of the most commonly requested ones. Drivers license … Continue reading