Why has my mortgage application been declined?!?!
Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Market Updates / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Uncategorized

Why has my mortgage application been declined?!?!

Being declined for a mortgage can be quite disheartening, especially when you consider all of the hard work that goes into applying for one in the first place! Understanding why you were declined allows you to recognize certain areas of your finances that can be improved. The good news is that just because one lender … Continue reading

How to successfully sell and buy a home at the same time!
Broker vs. Bank / Documents / Downpayment / First Time Home Buyer / Helpful Tools / Income / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rules / Uncategorized

How to successfully sell and buy a home at the same time!

You own a home now, but it’s time to make a change. If you’re downsizing or moving up, you likely have questions about how it all works. That is, the logistics of buying another home while you still own your existing property. Here is what you need to know about going through the two transactions … Continue reading

New mortgage rules = Co-signer required!
Broker vs. Bank / Credit / Debts / Documents / First Time Home Buyer / Income / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

New mortgage rules = Co-signer required!

Recently, we have noticed an increase in the number of inquiries about co-signing a mortgage. So, the question is, what exactly does it mean to be a co-signer? And why are we being asked this question so often? We say due to significant government mandated rule changes to mortgages and there have been quite a … Continue reading

Mortgage due for renewal soon? Do you stay or do you go?
Broker vs. Bank / Credit / Documents / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Qualifying / Refinance / Rules / Stress Test / Uncategorized

Mortgage due for renewal soon? Do you stay or do you go?

The days are gone where homeowners would commit for life to only one mortgage lender. If your mortgage is due for renewal soon, you may want to start thinking about what you’re going to do when your mortgage term ends. While you could renew with your current lender, you may be missing out on potential mortgage interest savings or better … Continue reading

Helpful hints on how to save for a down payment to buy a home
Broker vs. Bank / closing costs / Credit / Documents / Downpayment / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Stress Test / Uncategorized

Helpful hints on how to save for a down payment to buy a home

As a mortgage broker for the last 15 years and 20 years before that as a banker, I have heard from many people over the years who say they are tired of renting. A common statement is “I can easily make a mortgage payment because I am paying at least that amount in rent but … Continue reading

YIKES!!!! Do I stay in a variable rate mortgage or convert into a fixed rate term before the rates go up even higher????
Broker vs. Bank / Credit / Documents / Lenders / mortgage / Mortgage Renewal / mortgage rule changes / prime rate / Qualifying / Rates & Terms / Stress Test / Uncategorized / Variable Interest Rates

YIKES!!!! Do I stay in a variable rate mortgage or convert into a fixed rate term before the rates go up even higher????

Definition of a decision- A choice made between alternative courses of action in a situation of uncertainty. Even with 35 years of mortgage experience, I am confused as to how to answer this question because the economists seem to all have different opinions about what is going to happen with the rates and let’s face … Continue reading

Now, more than ever, you need a Mortgage Broker on speed dial!
Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

Now, more than ever, you need a Mortgage Broker on speed dial!

Whether you’re looking to buy your first home or refinancing your rental property, the mortgage landscape is far different than it used to be due to all of the mortgage changes. Based on many years of mortgage underwriting experience while working with the banks for 20 years and as a Mortgage Broker for the last … Continue reading