Can I still buy a home if I have bad credit?
Bankruptcy / Credit / Debts / Downpayment / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms

Can I still buy a home if I have bad credit?

YES! You can buy a home- even with bad credit. Your Credit Report is one of the most relevant items a financial institution will use to determine the risk level of lending you money. Your Credit Report indicates to lenders how well you have paid your creditors in the past and they will use this … 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

How great is your credit score?
Bankruptcy / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Pre-Approvals / Purchase / Qualifying / Refinance

How great is your credit score?

Your credit report is a vital part of your financial profile. Not only is it used to determine if you qualify for the best mortgage rates, it’s also used by landlords and new employers to evaluate your character before meeting you in person. There are two basic components of a great looking credit report, your … Continue reading

First Time Home Buyers: 10 Tips You Need To Know
Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying

First Time Home Buyers: 10 Tips You Need To Know

When you’re buying and financing your first home, usually it’s the big stuff like income, downpayment and credit that can cause the most anxiety. As a result, the small stuff can sometimes get overlooked. Avoid having to go back and forth with your lender by being prepared for the mortgage process and checking out these … 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

What should you do when your mortgage renews?
Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance

What should you do when your mortgage renews?

TAKE THE QUIZ NOW If your mortgage term is ending in the near future, this quiz is for you. You have multiple options come mortgage renewal time and the below questions will provide some direction if you’re undecided on which route to take? 1. Is your mortgage up for renewal within the next 6 months? … Continue reading

How to get declined for a mortgage
Broker vs. Bank / Credit / Documents / Lenders / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

How to get declined for a mortgage

I normally talk about how to get approved for mortgage financing so I thought I would change it up this week. Below you will find a list of 7 instances that could result in a decline, rather than the mortgage approval you were hoping for. Individually, not every point on the list guarantees a negative … Continue reading