How well do you know your mortgage?
First Time Home Buyer / Lenders / Pre-Payment / Purchase / Rates & Terms / Refinance

How well do you know your mortgage?

Why the fine print of your mortgage approval matters When applying for a mortgage, the rate and payment amount initially seem to be the most important, however, there are other items that should be understood before you sign on the dotted line. Read on for the top four mortgage features that could be particularly impactful … Continue reading

How much can I qualify for?
Credit / Downpayment / Income / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

How much can I qualify for?

How your maximum mortgage amount is determined When it comes to qualifying 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 the downpayment, then I have to tell them they don’t … Continue reading

This or that? Making mortgage decisions easier
Documents / Downpayment / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

This or that? Making mortgage decisions easier

We often receive inquiries from potential borrowers looking for some tips about navigating through all of the mortgage options available to them. We usually start out with a discussion about their specific mortgage requirements and home ownership goals, as nothing replaces a custom solution. If they are not really sure what their requirements or goals … Continue reading

First Time Home Buyers: 10 Tips You Need To Know
Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying

First Time Home Buyers: 10 Tips You Need To Know

When you’re buying and financing your first home, usually it’s the big stuff like income, downpayment and credit that can cause the most anxiety. As a result, the small stuff can sometimes get overlooked. Avoid having to go back and forth with your lender by being prepared for the mortgage process and checking out these … Continue reading

2016: Time For A Mortgage Check-Up
Credit / Documents / Income / Mortgage Renewal / Pre-Approvals / Pre-Payment / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

2016: Time For A Mortgage Check-Up

Welcome to 2016! Looking back on the last year, we’ve seen mortgage rates remain relatively unchanged, home values stayed steady and a new mortgage rule change was announced with its debut happening in February 2016. While weight-loss and getting organized are the top resolutions, spending less and saving more follow closely behind. On that note, … Continue reading

Fixed or variable rate?
Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Fixed or variable rate?

Take the quiz to find out which option is best for you Whether this is your first mortgage, your mortgage is soon due for renewal or you are thinking of refinancing; choosing an interest rate and mortgage term that is right for you can be a daunting task for some. You have to decide if … Continue reading

When is the right time to refinance?
Bankruptcy / Credit / Debts / Documents / Lenders / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance

When is the right time to refinance?

If you are stressed about the amount of debts you have or mortgage payment amount(s) you are currently making, it may be time to look at refinancing your home as rates are still low and Edmonton has a stable housing market.  If you’re unsure if it makes financial sense to restructure your current mortgage, a review of … Continue reading