7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … Continue reading

3 Ways parents can help their children buy a home
Debts / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Purchase / Qualifying / Rules

3 Ways parents can help their children buy a home

Becoming a first time homebuyer is a goal that sometimes requires the help of others; in most cases the source of this assistance is the parents of the borrower. I’ve noticed this happening more often as a result of new mortgage rule announcements and higher home prices. There are a few ways for a parent … Continue reading

How to finance a vacation home
Credit / Documents / Downpayment / Income / Insurance / Lenders / Purchase / Qualifying / Rental Properties

How to finance a vacation home

Before you go cottage shopping, let’s chat about the mortgage financing as it’s a little different than getting a mortgage for your primary residence. These types of properties have been affected by the mortgage insurance rule changes too, so now is a great time to review the basics of financing a vacation property or a … Continue reading

How to get a mortgage in 10 steps
Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How to get a mortgage in 10 steps

Taking on new debt is pretty easy and it usually only takes a signature on the dotted line and proof of employment income to get a car loan, a new credit card or a small line of credit. Getting a mortgage is more involved; below you will find the 10 steps it takes to finance … Continue reading

How to break up with your mortgage lender
Credit / Documents / Income / Lenders / Mortgage Renewal / Pre-Payment / Qualifying / Rates & Terms / Refinance / Rules

How to break up with your mortgage lender

For whatever reason you’re thinking of cutting ties with your current lender, whether it be for a refinance or a renewal, there are a few things you should know before you make the decision to move. To help with the preparatory work, I’ve included a few key details that will help you decide if it … Continue reading

My mortgage renewal was denied! Now what?
Credit / Documents / Lenders / Mortgage Renewal / Qualifying / Rates & Terms / Refinance

My mortgage renewal was denied! Now what?

Getting to the end of your mortgage term only to find your mortgage renewal has been denied can be a tough pill to swallow. Don’t worry yet as there are options. In order to go through the process, you will need to find out some information in order to assess the choices available to you … Continue reading

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