We have been told to take a fixed rate mortgage term until now! What has changed???
Credit / Fixed rate mortgage / Lenders / Market Updates / mortgage / mortgage broker / mortgage rule changes / Purchase / Qualifying / Rates & Terms / Talk to a Mortgage Broker / Uncategorized / Variable Interest Rates

We have been told to take a fixed rate mortgage term until now! What has changed???

Before reading any further, if you are the type of person who can’t sleep at night knowing your interest rate may go up, even by just a little, a variable rate mortgage may not be the best option for you. With a fixed rate mortgage term, the mortgage rate and payment(s) you make each month … Continue reading

Why does one lender approve your mortgage application when another one won’t????
Broker vs. Bank / Credit / Documents / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / mortgage broker / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Talk to a Mortgage Broker / Uncategorized

Why does one lender approve your mortgage application when another one won’t????

As a busy Mortgage Broker for the last 16 years and 20 years before that as a banker, the first thought that comes to mind as I write this blog is “one thing is not like the other”.  Ever since all of the mortgage changes came into effect over the last few years, I have … Continue reading