6 Tips For Financing A New Construction Home
Downpayment / First Time Home Buyer / Pre-Approvals / Purchase

6 Tips For Financing A New Construction Home

When searching for a property to purchase, one of the first decisions a homebuyer has to make is choosing between a new build and a pre-existing property. While there are a few differences with the financing between the two different property types, securing the mortgage should not be too difficult and below are six tips … Continue reading

Rent-to-Own
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / New to Canada / Purchase / Qualifying / Rental Properties

Rent-to-Own

What you need to know You may have heard about doing a rent-to-own on furniture, appliances or electronics, but did you know it applies to homes too? It’s not common, though it’s still around, so it’s important to be well informed before you enter into any type of Rent-to-Own Agreement. As a mortgage professional, we … Continue reading

The cost of buying is going up
Downpayment / First Time Home Buyer / Lenders / Market Updates / New to Canada / Purchase / Refinance

The cost of buying is going up

How much does it cost to get a mortgage? A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional … Continue reading

Credit / Downpayment / Insurance / Market Updates / Purchase / Qualifying / Quizzes / Refinance / Rental Properties

How much does it cost to get a mortgage?

How much does it cost to get a mortgage? One of the most frequently asked questions I get is ‘how much does it actually cost to get a mortgage?’ My answer is to budget at least 1% of your purchase price to cover costs and this week I want to detail what that number can … Continue reading

Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Rent-to-Own Homes: The Basics

As a mortgage broker, we often don’t come into the rent-to-own transaction until the buyer is actually ready to purchase the house they have been renting-to-own. A big difference between a rent-to-own contract and a regular purchase contract is the purchase price was agreed upon when you originally entered into the rental agreement and the … Continue reading