If you own and live in a home with a sibling, partner or spouse, common law or married, and have decided to part ways; read on. I believe one of the most stressful issues of a relationship breakdown is what to do about the jointly owned home and mortgage. Over the years I have helped … Continue reading
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? Why are we being asked this question so often? We say due to 2 significant recent government mandated changes to mortgage qualifying that both went into effect … Continue reading
So you want to apply for a mortgage, but do you actually know what a mortgage lender is going to look for in your credit application? You will be much further ahead if you understand exactly what a lender wants to see from you versus guessing what their priorities and major concerns are in assessing … Continue reading
There is no such thing as a dumb question. In fact, the smartest thing you can do is ask the most basic question you can think of. The MortgageGirl welcomes and encourages her clients to ask all kinds of questions during the complicated mortgage process. Some of the more common questions the MortgageGirl gets are: … Continue reading
Who is Jackie Woodward the MortgageGirl? Jackie began her career in the financial industry over 35 years ago where she started as a Bank Teller with one of the big 5 banks. Throughout the years, she learned all about mortgages from some very seasoned Mortgage Underwriters. However, one thing really bothered Jackie and that was … Continue reading
Gone are the days when making a large down payment means you are rewarded with best mortgage rates due to recent Federal Government rule changes. What?!?! Prudent savers are now being charged higher, not lower rates! Read on to find out if you should buy now with a minimal down payment or keep saving. Within … Continue reading
The quick answer is, it depends on why. If you plan on staying with the same lender and you’re worried rates will be higher when your actual renewal date is here, then yes- renew your mortgage early. BUT, before you do that, ensure you’re aware of the other options available to you. Not shopping around … Continue reading
