Mortgage Market Update
Credit / Documents / Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Market Update

There are numerous news articles about the national economy published on a regular basis which means you always have access to information about the Canadian market as a whole. This week I want to summarize some predictions that are applicable to our local economy here in Alberta only. I believe that we’re sort of an … Continue reading

Credit / Documents / Lenders / Market Updates / Pre-Approvals / Purchase / Qualifying / Rates & Terms

Pre-Approval Do’s & Don’ts

For any homebuyer, a pre-approval is a good idea. It not only holds an interest rate for up to 120 days which is a good thing right now given rates are increasing, it also confirms you CAN qualify for a mortgage and determines what amount you qualify for. It is important to know that a … Continue reading

Broker vs. Bank / Credit / Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance

8 Mortgage Myths Debunked

Mortgages are not a subject we learn about in high school, although I wish they were. Credit, interest rates and qualifying for a mortgage are all things that will affect your lifestyle going forward. So where is one supposed to learn about this stuff? Some hear about them through friends or family, or maybe through … Continue reading

Credit / Debts / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance

How to get the best credit score

The DO’s DO-HAVE CREDIT Make sure you have credit that is actually reporting to your credit bureau. That is things like credit cards, student loans, personal lines of credit DO-PAY DOWN CREDIT BALANCES Reducing your debt level is never a bad idea. But be aware that you need to be using your credit in order … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Bad credit? You can still get a mortgage!

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 information to determine the likelihood of any default in your … Continue reading