7 Quick tips for a better credit score
Credit / Documents / Lenders / Purchase / Qualifying / Rules

7 Quick tips for a better credit score

Your credit score and credit history report are a vital part of the mortgage application process. If you have any credit issues, you may still get mortgage financing though your options might be limited as to who will approve you, and the rate and costs charged could be higher. This week’s article is all about … Continue reading

Should I rent or buy? Take the quiz now
Credit / Downpayment / First Time Home Buyer / Income / New to Canada / Pre-Approvals / Purchase / Qualifying / Quizzes

Should I rent or buy? Take the quiz now

All you have to do is write down the letter that best describes your current financial situation and then count how many of each letter you have. The letter that you have the most of will correspond with an answer at the end of this short quiz. Is your income reliable and continuing? A) I … Continue reading

Where there’s smoke, there’s fire
Bankruptcy / Credit / Debts / Documents / Lenders / Pre-Approvals / Purchase / Qualifying / Refinance

Where there’s smoke, there’s fire

A fall fire in the back yard reminded me of an old phrase that can apply to credit ratings, which is always a hot topic in the mortgage industry. No, burning your bills is not the fire I’m talking about! Though if that’s the first thing you thought of, this article should be worth a … Continue reading

Credit / Debts / Income / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance

Mortgage Renewal Test

TAKE THE TEST Should you restructure your mortgage at renewal? Your mortgage renewal date is your opportunity to re-work the terms of your mortgage with no penalties.  At renewal time, your previous mortgage term has now ended and you have to make some decisions about what kind of mortgage term you would like going forward. … Continue reading

Broker vs. Bank / Debts / Documents / Income / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Broker or Bank?

How do you decide who is best to approach for your mortgage financing needs? I say either one would work, however, I do want to share a few key differences between the two. Firstly, let me start by distinguishing between the two titles; a Mortgage Broker acts as a connector between a potential borrower and … Continue reading