How to finance a rural property
Credit / Documents / Downpayment / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying

How to finance a rural property

I once heard it’s a rural property if you can stand naked on your porch without the cops being called. If you are thinking of financing a rural property, the mortgage process varies slightly from that of purchasing a home in the city. While the income and credit guidelines are the same, the property requirements … Continue reading

What is the benefit of getting a pre-approval?
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms

What is the benefit of getting a pre-approval?

The government has made a number of changes to the mortgage rules over the past few years which have made a significant impact to the mortgage market landscape. I have found one of the major implications of these changes is that it reduces the number of people who can actually qualify for a mortgage now versus the … Continue reading

How Do You Look On Paper
Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

How Do You Look On Paper

When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process which includes meeting the qualifying guidelines, review and understanding of any terms and conditions, paperwork to sign and more that goes along with getting approved for financing. If you’re wondering how … Continue reading

Documents / Downpayment / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rental Properties

Buy land, they’re not making it anymore

That’s one of my favorite quotes to use when I get asked if buying property is a good investment. This week I want to talk about how it relates to real estate in the literal sense. If you are thinking of financing a rural property, the mortgage process varies slightly from that of purchasing a … Continue reading

Get a mortgage pre-approval
Credit / Documents / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Get a mortgage pre-approval

The government has made a number of changes to the mortgage rules over the past 5 years which has resulted in significant changes to the mortgage market landscape. As a result this reduces the number of people who can actually qualify for a mortgage now versus the numbers from a couple of years ago.   … Continue reading

How to look like a perfect 10…on paper
Bankruptcy / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

How to look like a perfect 10…on paper

Here I am, right on the coattails of an article about which direction the mortgage market may take in the next 12 months. Let’s talk about how to make sure you stay at the top of the “borrowing ability” game! Mortgage lending is simply risk assessment and lenders are constantly scrutinizing the risk of lending … Continue reading