4 Important questions to ask before applying for a mortgage
Credit / Debts / Documents / Downpayment / Income / New to Canada / Purchase / Qualifying

4 Important questions to ask before applying for a mortgage

A mortgage professional can guide you along the road to financing approval, but it’s up to the borrower to provide directions on the way. What I mean by that is a mortgage professional cannot make the decisions for you, we’re not the ones making the payments. On that note, I believe an educated borrower is … 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

Mortgage Payment Basics
Debts / First Time Home Buyer / Income / Lenders / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

Mortgage Payment Basics

  I’m sure you know what a mortgage payment is; a scheduled repayment plan for the mortgage you’ve obtained on a property. Now let’s look deeper into what a mortgage payment amount actually includes, how payments can vary, and how you can use your mortgage payments to reduce your mortgage principal quicker. I will try to cover … Continue reading

I Now Pronounce You Happily Mortgaged
Credit / Debts / Documents / Downpayment / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

I Now Pronounce You Happily Mortgaged

Okay, maybe that is not the first thing that comes to mind immediately following engagement. If you have marriage on your mind, it’s more likely that you’re probably also thinking about where you’re going to live when you begin your life together. If buying a home versus renting is the direction you would like to … Continue reading

How To Be Mortgage Free Faster
First Time Home Buyer / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

How To Be Mortgage Free Faster

I recently read about the results of a survey asking Canadians at what age they expect to be mortgage free and the average was 58 years old, one year older than the results of the same survey question asked last year. Is that the answer you expected? If it’s a little higher than you thought … Continue reading

Credit / Lenders / Market Updates / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Out with the old, in with the new

5 Financial resolutions to keep Here are some general financial goals that will better your borrowing position for the future  and though these may not be in the top 10 lists of most common New Years Resolutions of 2014, they should be on the list of any person who wants to be in a good … Continue reading

Credit / Downpayment / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

Which Rate Is Right For You?

Picking an interest rate and mortgage term that is right for you can be a daunting task for some. First you have to decide if you want to take a fixed or variable interest rate, then you need to determine what term length suits you best. In addition to that, you then choose between a … Continue reading

Documents / First Time Home Buyer / Insurance / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

5 Things You should Know About Financing A Condo

A condo or condominium is one of a group of housing units where each homeowner owns their individual unit space and all the dwellings share ownership of the common areas. Condos can include high-rise and low-rise apartment units, townhomes and some duplexes depending on how the title is registered. The biggest difference between a condo … Continue reading