Relationship Breakdown Mortgage Refinance
Credit / Debts / divorce / Downpayment / Lenders / Mortgage Renewal / Purchase / Qualifying / Refinance / Relationship Breakdown / Rules / Uncategorized

Relationship Breakdown Mortgage Refinance

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

Is a purchase plus improvement mortgage for you?
Broker vs. Bank / Documents / Lenders / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

Is a purchase plus improvement mortgage for you?

Your realtor opens the door to the house you think just may be the ideal home for you, decent condition and located in a great neighborhood you have had your eye on for a long time. Once your eyes adjust to the dark interior, you see to your horror, chocolate brown carpet everywhere including in … Continue reading

Have you been asked to co-sign on a mortgage?
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

Have you been asked to co-sign on a mortgage?

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

A mortgage borrower’s guide to the 5 C’s of Credit
Broker vs. Bank / Credit / Lenders / Mortgage Renewal / Purchase / Qualifying / Refinance / Rules / Uncategorized

A mortgage borrower’s guide to the 5 C’s of Credit

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

Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized / Variable Interest Rates

Why asking “dumb” questions is quite smart!

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 the MortgageGirl?
Broker vs. Bank / First Time Home Buyer / Lenders / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Uncategorized

Who is the MortgageGirl?

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

Making sense of the new best mortgage rates
Broker vs. Bank / Downpayment / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rules

Making sense of the new best mortgage rates

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