6 Mortgage Products You Haven’t Heard Of
Documents / Income / Insurance / Market Updates / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance

6 Mortgage Products You Haven’t Heard Of

If you’re like most borrowers, you won’t be shopping for a mortgage very often. This means you may not know all about the specialty mortgage products that are currently available in the mortgage market. I’ve provided a brief overview of a few of the less common mortgage financing options below that I have recently encountered. … Continue reading

How To protect yourself from mortgage fraud
Credit / Documents / Downpayment / Lenders / Purchase / Rental Properties

How To protect yourself from mortgage fraud

Mortgage fraud is a crime that affects both lenders and borrowers. It can negatively affect credit scores, raise insurance premiums, increase document requirements, waste time and money and cause stress for honest borrowers looking for financing. There are a few actions you can take to protect yourself from becoming a victim of mortgage fraud; the … Continue reading

Do Not Sign Your Mortgage Renewal Papers Until You Read This!
Credit / Documents / Lenders / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

Do Not Sign Your Mortgage Renewal Papers Until You Read This!

Did you know the 2016 CMHC survey found that 39% of households automatically renew their mortgage when their term is up? You may be missing the opportunity to find a better deal. If your mortgage is up for renewal within the next 4 months, it’s a good idea to start thinking now about what you’re … Continue reading

7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … Continue reading

3 Ways parents can help their children buy a home
Debts / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Purchase / Qualifying / Rules

3 Ways parents can help their children buy a home

Becoming a first time homebuyer is a goal that sometimes requires the help of others; in most cases the source of this assistance is the parents of the borrower. I’ve noticed this happening more often as a result of new mortgage rule announcements and higher home prices. There are a few ways for a parent … Continue reading

Do you know all of your downpayment options?
Documents / Downpayment / First Time Home Buyer / Lenders / Pre-Approvals / Purchase

Do you know all of your downpayment options?

When purchasing a home, the borrower is required to come up with a portion of the purchase price in addition to the mortgage which is called the downpayment. There are multiple downpayment sources that are acceptable to most mortgage lenders, and this week I want to explore the most common ones. While you can still … Continue reading

My mortgage renewal was denied! Now what?
Credit / Documents / Lenders / Mortgage Renewal / Qualifying / Rates & Terms / Refinance

My mortgage renewal was denied! Now what?

Getting to the end of your mortgage term only to find your mortgage renewal has been denied can be a tough pill to swallow. Don’t worry yet as there are options. In order to go through the process, you will need to find out some information in order to assess the choices available to you … Continue reading