How to fill out a mortgage application
Credit / Documents / Lenders / New to Canada / Purchase / Qualifying / Rental Properties

How to fill out a mortgage application

  The mortgage credit application is a very important document as it’s the foundation on which the rest of the financing is built. This document is referred to when preparing the applicant for approval and used to determine what kind of supporting paperwork may be requested. This article isn’t about the strength of the application; … Continue reading

What paperwork will I need to get a mortgage approval?
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / New to Canada / Purchase / Refinance

What paperwork will I need to get a mortgage approval?

When it comes to applying for a mortgage, this is the second question I hear the most often, after ‘what is your best rate?’ As not every mortgage is alike, neither are all the requirements. Having said that, there are some documents that every mortgage approval requires and below is a list of the most … Continue reading

Self-Employed? Here Is The Easiest Way To Get A Mortgage
Broker vs. Bank / Credit / Documents / Income / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Refinance

Self-Employed? Here Is The Easiest Way To Get A Mortgage

  Getting a mortgage when you are self-employed is different than applying when you are considered to be an employee. I suggest being prepared for the process by addressing some of the items below before you start looking for financing. Keep reading for the step-by-step guide to financing for borrowers who are business-for-self; Step One: … Continue reading

Qualifying Income: Does Yours Apply?
Documents / Downpayment / First Time Home Buyer / Income / Lenders / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

Qualifying Income: Does Yours Apply?

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. One of the most common questions we get asked is what kind of income is eligible to be used in the qualifying calculations. Your mortgage lender will want to first confirm … Continue reading

Buying A Rental Property
Broker vs. Bank / Credit / Documents / Downpayment / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Buying A Rental Property

What You Need To Know Whether this is your first revenue property purchase or your 5th, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know about qualifying for a rental property mortgage. The below guidelines can apply to both … Continue reading

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

Stated Income Mortgages going the way of the Dinosaurs?

Stated Income Mortgages are made to cater to the self-employed borrower. By utilizing a stated income product, self-employed borrowers do not need to prove their income through traditional third party formats like a job letter or paystubs. Instead, we are able to “state” your income at an amount that is reasonable for your industry experience … Continue reading