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

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

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

Financing a Rental Property
Broker vs. Bank / Credit / Documents / Downpayment / Insurance / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Financing a Rental Property

5 Things you need to know When it comes to residential mortgage financing, I always ensure I have the answer to this very important question before going any further into the conversation. Is the property going to be your principle residence that you owner occupy or is it a rental property, also known as a … Continue reading

Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Insurance Premiums are Increasing

What you need to know An announcement last week made by Canada Mortgage and Housing Corporation (CMHC) advised the mortgage insurance premiums will be increasing effective May 2014. This week, I want to highlight how those changes will affect a potential borrower looking for new financing. Although the updated premiums are expected to have a … Continue reading

Credit / Downpayment / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

Which Rate Is Right For You?

Picking an interest rate and mortgage term that is right for you can be a daunting task for some. First you have to decide if you want to take a fixed or variable interest rate, then you need to determine what term length suits you best. In addition to that, you then choose between a … Continue reading

Credit / Documents / Lenders / Purchase / Qualifying / Rental Properties

Buying a Rental Property

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 a new purchase or a … Continue reading

Broker vs. Bank / Credit / Documents / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Your mortgage has been declined! Now what?

Alternative Lending 101 If you’re thinking of getting a mortgage, if you are like most of us, you’ve likely done some research to see what’s required in order to be approved. But what happens if you don’t meet ALL the requirements? Welcome to the world of alternative lending. These mortgage offerings are geared towards a … Continue reading