Do you have your documents ready?
Bankruptcy / Credit / Documents / Downpayment / Lenders / Purchase / Rates & Terms / Rental Properties

Do you have your documents ready?

Proper paperwork preparation can save you time and get your mortgage approved faster When it comes to applying for a mortgage, this is the second question I hear the most often, after ‘what is your best rate?’ As not every mortgage is alike, neither are all the requirements. Having said that, there are some documents … 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

You can get a mortgage with no downpayment- but is it a good idea?
Credit / Downpayment / First Time Home Buyer / Lenders / Purchase / Qualifying / Refinance / Rental Properties

You can get a mortgage with no downpayment- but is it a good idea?

I have noticed “no downpayment” or “100% financing” used to be more common than it is now, though, it is still available with some lenders. Whenever I’m asked about it I think of the old adage, ‘just because you can, doesn’t mean you should’. Borrowing your downpayment in addition to qualifying for a mortgage can … 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

Should You Borrow Your Downpayment?
Debts / Downpayment / First Time Home Buyer / Insurance / Purchase / Qualifying / Rates & Terms / Rental Properties

Should You Borrow Your Downpayment?

This topic has been on my mind after seeing and hearing about it recently. It immediately reminded me of the old adage, ‘just because you can, doesn’t mean you should’. Borrowing your downpayment in addition to getting a mortgage can be a risky undertaking if not done responsibly. The optimal way to decide if you … Continue reading

How To Have A Stress-Free Mortgage Closing
Credit / Documents / Downpayment / First Time Home Buyer / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How To Have A Stress-Free Mortgage Closing

You know the saying “the devil is in the details”; well it applies to the mortgage process too. When you’re buying or refinancing a home, usually it’s the big stuff like income, downpayment and credit that can cause the most anxiety and as a result, the small stuff can sometimes get overlooked. Instead of having … Continue reading

10 Tips for First Time Home-Buyers
Credit / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms

10 Tips for First Time Home-Buyers

You know the saying “the devil is in the details”; well it applies to the mortgage process too. When you’re buying your first home, usually it’s the big stuff like income, downpayment, and credit that can cause the most anxiety and as a result, the small stuff can sometimes get overlooked. Instead of having to … Continue reading

Rental Property Mortgages 101
Credit / Documents / Downpayment / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Rental Property Mortgages 101

The mortgage market for rental properties has changed drastically over the past few years with multiple new mortgage rules coming into effect. If you’re trying to find mortgage financing for a rental property, here’s a quick summary of some of the most common questions we get when financing rentals.  Further to this, I recommend aligning … Continue reading