10 Reasons why a mortgage is declined
Credit / Debts / Documents / Downpayment / Income / Lenders / Purchase / Qualifying / Refinance

10 Reasons why a mortgage is declined

Qualifying for a mortgage should not be complicated, and there are numerous articles written about how to get approved. This week I want to cover a few reasons why a lender could decline a mortgage application. If only one of the below applies, it’s very likely you can still get a mortgage. However, when your … 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

How much do you know about co-signing for a mortgage?
Bankruptcy / Credit / Debts / Documents / First Time Home Buyer / New to Canada / Purchase / Qualifying / Quizzes

How much do you know about co-signing for a mortgage?

  Take the quiz now Co-signing for a mortgage is a big commitment. Whether you are the borrower who needs a co-signer or someone has asked you to co-sign for them in securing a mortgage approval, understanding what is involved is very important. Test your knowledge with our quick quiz;   Do you know what a … 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 Get A Mortgage
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How To Get A Mortgage

The Mortgage Process in 10 Steps Taking on new debt like a car loan, a new credit card or a small line of credit is pretty easy. It usually takes minimal income documentation, some discussion of interest rate and a signature or two on the dotted line. Qualifying for a mortgage to purchase a home … Continue reading

The cost of buying is going up
Downpayment / First Time Home Buyer / Lenders / Market Updates / New to Canada / Purchase / Refinance

The cost of buying is going up

How much does it cost to get a mortgage? A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional … Continue reading