How to increase home equity
Lenders / Mortgage Renewal / Pre-Payment / Rates & Terms / Refinance

How to increase home equity

Maximizing pre-payment privileges Making a decision to focus on quicker mortgage repayment not only saves you thousands in interest costs, it also allows you to greatly reduce your mortgage balance which ultimately increases the home equity. A lower mortgage balance owing is also a positive if rates have increase significantly by your renewal date, the lower … Continue reading

How much can I qualify for?
Credit / Downpayment / Income / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

How much can I qualify for?

How your maximum mortgage amount is determined When it comes to qualifying for a mortgage, the current debts you have affects the mortgage amount you can qualify for. I often see buyers who have worked hard to maintain a good credit score and saved up the downpayment, then I have to tell them they don’t … Continue reading

Moving? Here’s how to rent out your existing home
Downpayment / Insurance / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Moving? Here’s how to rent out your existing home

  Are you ready to move into a new home but need to decide what to do with your current residence? There are a few options, sell it, or keep it and rent it out? In order to make an informed decision, I believe there are a number of factors to take into consideration and … Continue reading

This upfront decision could save you thousands off your mortgage
Debts / Documents / Downpayment / Lenders / Mortgage Renewal / Pre-Payment / Refinance

This upfront decision could save you thousands off your mortgage

There are a few ways you could do this; utilize pre-payment privileges throughout the year to pay off your mortgage balance quicker, pay accelerated weekly or bi-weekly payments, or take a shorter amortization period. By making a decision upfront which focuses on faster mortgage repayment, not only can you save thousands in interest by shortening … Continue reading

Save Money Now by Quitting These 3 Credit Habits
Bankruptcy / Credit / Debts / Documents / First Time Home Buyer / Purchase / Qualifying

Save Money Now by Quitting These 3 Credit Habits

This isn’t an article about how having a bad credit score can impact your lifestyle as I’m thinking you probably already know that. So instead of another article touting the benefits of a great credit score or telling you how to improve a low score, I want to cover a few of the most common habits I … Continue reading

That New Car Could Cost You The Garage
Credit / Downpayment / First Time Home Buyer / Lenders / Purchase / Qualifying / Rates & Terms / Rules

That New Car Could Cost You The Garage

Mortgage Qualification Basics When it comes to qualifying for a mortgage, the current debts you have affects the mortgage amount you can qualify for. I often see buyers who have worked hard to maintain a good credit score and saved up the downpayment, then I have to tell them they don’t qualify at the price … Continue reading

5 Signs you’re ready to buy your first home
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Pre-Approvals / Purchase / Qualifying / Quizzes / Rates & Terms

5 Signs you’re ready to buy your first home

Ready or Not? Home ownership is likely both the largest asset and debt most people will take on in their lifetimes, so it is not a commitment to be entered into lightly. While buying your first home is thrilling, your excitement should not be overshadowed by the responsibility that comes with owning versus renting. If … Continue reading