Why does one lender approve your mortgage application when another one won’t????
Broker vs. Bank / Credit / Documents / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / mortgage broker / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Talk to a Mortgage Broker / Uncategorized

Why does one lender approve your mortgage application when another one won’t????

As a busy Mortgage Broker for the last 16 years and 20 years before that as a banker, the first thought that comes to mind as I write this blog is “one thing is not like the other”.  Ever since all of the mortgage changes came into effect over the last few years, I have … Continue reading

Do you know if your mortgage is a collateral or a standard charge? You should!
collateral mortgage / credit help / Documents / First Time Home Buyer / Helpful Tools / Lenders / Market Updates / Mortgage Renewal / mortgage rule changes / Purchase / Refinance / second mortgage / Standard Charge Mortgage / Talk to a Mortgage Broker / Uncategorized

Do you know if your mortgage is a collateral or a standard charge? You should!

Given all of the mortgage products with many different lenders available these days, I would say it’s a good time to remind all to read the fine print in any and every contract put in front of you. If you don’t understand something, you need to ask the questions. As the mortgage interest rates start … Continue reading

Want to buy a house? Tips to ensure you don’t have to live in your car!
Broker vs. Bank / Credit / Debts / Documents / First Time Home Buyer / Helpful Tools / Income / Market Updates / mortgage / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules / Stress Test / Uncategorized

Want to buy a house? Tips to ensure you don’t have to live in your car!

When it comes to applying for a mortgage, the current debts you have affects the mortgage amount you can qualify for. I often see buyers who have worked hard to maintain a good credit score and saved up their down payment only to be told they don’t qualify at the price they want to buy … Continue reading

Mortgage Pre-Approvals: 7 Things you need to know
Broker vs. Bank / closing costs / Credit / Debts / First Time Home Buyer / Helpful Tools / Income / Lenders / Market Updates / mortgage / Mortgage Renewal / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Refinance / Rules / Stress Test

Mortgage Pre-Approvals: 7 Things you need to know

Hopefully, all of the significant government mortgage rule changes are now in our rear-view mirror! Now more than ever, it is extremely important that potential homebuyers get pre-approved to buy a home as the maximum purchase price you may have qualified for in the past has now been reduced by at least 20%! Due to … Continue reading

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

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

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