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

Bank declined you? What other mortgage options are available?
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / mortgage / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties / Rules / second mortgage / Second Mortgage Options / Stress Test / Uncategorized

Bank declined you? What other mortgage options are available?

With all of the significant government mortgage rule changes I have personally seen a growing segment of the population finding it more difficult to qualify with a prime lender at best rates for a number of reasons. Borrowers with recent credit issues, or those who just don’t make enough income to qualify in the price … 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

Credit and marriage go together like a horse and carriage. Not always!!!!
Broker vs. Bank / closing costs / Credit / divorce / Documents / Lenders / mortgage rule changes / Purchase / Qualifying / Refinance / Relationship Breakdown / Rules / Uncategorized

Credit and marriage go together like a horse and carriage. Not always!!!!

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. For some, one party could keep … 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

Spring has sprung! Is Now the Right time to buy a home?
Broker vs. Bank / closing costs / Credit / Documents / Downpayment / First Time Home Buyer / Market Updates / mortgage / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Stress Test / Uncategorized

Spring has sprung! Is Now the Right time to buy a home?

The first day of spring is March 20th and it can’t come soon enough after being cooped up during some very cold winter months! As experts in the real estate industry say the spring market is the busiest time of the real estate year, now would be the time to make the decision, do I … Continue reading