Buy and Renovate Right Away
Downpayment / Insurance / Lenders / Purchase / Qualifying

Buy and Renovate Right Away

You find the perfect neighbourhood you want to live in and everything you need is close by, but you just can’t find the perfect home for you and your family.  One has an awful looking bathroom, another has an outdated kitchen, and a third home has no garage. Enter the Purchase-Plus-Improvement mortgage product. This type … Continue reading

How long should your mortgage term be?
Lenders / Mortgage Renewal / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Variable Interest Rates

How long should your mortgage term be?

Getting a mortgage is likely one of the largest debts a borrower will take on in a lifetime and choosing the right mortgage term, type and length is a crucial step in the financing process whether it’s your first or fourth home. Maximize homeowner happiness by choosing a mortgage term that is affordable and suits … Continue reading

This or that? Making mortgage decisions easier
Documents / Downpayment / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

This or that? Making mortgage decisions easier

We often receive inquiries from potential borrowers looking for some tips about navigating through all of the mortgage options available to them. We usually start out with a discussion about their specific mortgage requirements and home ownership goals, as nothing replaces a custom solution. If they are not really sure what their requirements or goals … Continue reading

Is a second mortgage right for you?
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Lenders / Qualifying / Quizzes / Rates & Terms / Refinance

Is a second mortgage right for you?

I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property. Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 things you should know … Continue reading

How great is your credit score?
Bankruptcy / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Pre-Approvals / Purchase / Qualifying / Refinance

How great is your credit score?

Your credit report is a vital part of your financial profile. Not only is it used to determine if you qualify for the best mortgage rates, it’s also used by landlords and new employers to evaluate your character before meeting you in person. There are two basic components of a great looking credit report, your … Continue reading