Credit / Documents / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

How strong is your credit application?

When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process which includes meeting the qualifying guidelines, review and understanding of any terms and conditions, paperwork to sign, and more that goes along with getting approved for financing. Are you wondering how … Continue reading

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Self-Employed?

What to expect when getting a mortgage If you’re self-employed, be prepared for a long chat with your mortgage professional. This type of employment and the income confirmation requirements that follow differ from a borrower with traditional proof of income documents. This week, I want to outline what to expect from the mortgage process when … Continue reading

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

Buy & Renovate Right Away

How you can buy a home and include improvements in the mortgage! What you need to know about a purchase-plus-improvement mortgage: You find the perfect neighbourhood you want to live in and everything you need is close by, but you just can’t find the perfect home.  One has an awful looking bathroom, another has an … 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

Broker vs. Bank / Credit / Documents / Insurance / New to Canada / Purchase / Qualifying / Rates & Terms

New-to-Canada? 4 must-know mortgage facts

If you’re new to Canada, one of your first priorities will likely be to find a place to live. If you’re uncertain about which city you want to reside in, renting may be a good idea at first as this will allow you to experience life in multiple locations without having to deal with the … 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 / 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