4 Important questions to ask before applying for a mortgage
Credit / Debts / Documents / Downpayment / Income / New to Canada / Purchase / Qualifying

4 Important questions to ask before applying for a mortgage

A mortgage professional can guide you along the road to financing approval, but it’s up to the borrower to provide directions on the way. What I mean by that is a mortgage professional cannot make the decisions for you, we’re not the ones making the payments. On that note, I believe an educated borrower is … Continue reading

How does mortgage insurance work?
Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Purchase

How does mortgage insurance work?

If you have a mortgage, you have been offered mortgage life and disability insurance, probably more than once! This is different than the high-ratio mortgage insurance required when you have less than 20% downpayment (Read more on that type of insurance HERE). Whether you went through a bank or worked with an independent Mortgage Specialist … Continue reading

6 Mortgage Products You Haven’t Heard Of
Documents / Income / Insurance / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance

6 Mortgage Products You Haven’t Heard Of

If you’re like most borrowers, you won’t be shopping for a mortgage very often. This means you may not know all about the specialty mortgage products that are currently available in the mortgage market. I’ve provided a brief overview of a few of the less common mortgage financing options below that I have recently encountered. … Continue reading

What’s the difference between mortgage lenders?
Bankruptcy / Broker vs. Bank / Credit / Documents / Downpayment / Insurance / Lenders / New to Canada / Pre-Payment / Qualifying / Rates & Terms

What’s the difference between mortgage lenders?

If you see getting a mortgage in your future, there are a few different ways to ensure you get approved. After a review of my client’s current financial profile, I will fit them into the A, B or C category of lending. Each of these lender types will charge a variety of different rates, the … Continue reading

How to buy a home when you’re new to Canada
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Purchase / Qualifying / Rules

How to buy a home when you’re new to Canada

With Canada Day around the corner, it has me thinking about those borrowers who are new to this great country. If you’re new to Canada, one of your first priorities will likely be to find a place to live. If you’re uncertain about which city you want to reside in, renting may be a good … Continue reading

The Right Way To Buy A Condo
Documents / First Time Home Buyer / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rental Properties

The Right Way To Buy A Condo

  A condo or condominium is one of a group of housing units where each homeowner owns their individual unit space, and all the dwellings share ownership of the common areas. Condos can include high-rise or low-rise apartment units, townhomes and some duplexes depending on how the title is registered. The biggest difference between a … Continue reading