How well do you know your mortgage?
First Time Home Buyer / Lenders / Pre-Payment / Purchase / Rates & Terms / Refinance

How well do you know your mortgage?

Why the fine print of your mortgage approval matters When applying for a mortgage, the rate and payment amount initially seem to be the most important, however, there are other items that should be understood before you sign on the dotted line. Read on for the top four mortgage features that could be particularly impactful … Continue reading

How to get a mortgage in 10 steps
Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How to get a mortgage in 10 steps

Taking on new debt is pretty easy and it usually only takes a signature on the dotted line and proof of employment income to get a car loan, a new credit card or a small line of credit. Getting a mortgage is more involved; below you will find the 10 steps it takes to finance … Continue reading

How much can I qualify for?
Credit / Downpayment / Income / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

How much can I qualify for?

How your maximum mortgage amount is determined 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 … Continue reading

You can get a mortgage with no downpayment- but is it a good idea?
Credit / Downpayment / First Time Home Buyer / Lenders / Purchase / Qualifying / Refinance / Rental Properties

You can get a mortgage with no downpayment- but is it a good idea?

I have noticed “no downpayment” or “100% financing” used to be more common than it is now, though, it is still available with some lenders. Whenever I’m asked about it I think of the old adage, ‘just because you can, doesn’t mean you should’. Borrowing your downpayment in addition to qualifying for a mortgage can … Continue reading