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

How to fill out a mortgage application
Credit / Documents / Lenders / New to Canada / Purchase / Qualifying / Rental Properties

How to fill out a mortgage application

  The mortgage credit application is a very important document as it’s the foundation on which the rest of the financing is built. This document is referred to when preparing the applicant for approval and used to determine what kind of supporting paperwork may be requested. This article isn’t about the strength of the application; … Continue reading

I Now Pronounce You Happily Mortgaged
Credit / Debts / Documents / Downpayment / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

I Now Pronounce You Happily Mortgaged

Okay, maybe that is not the first thing that comes to mind immediately following engagement. If you have marriage on your mind, it’s more likely that you’re probably also thinking about where you’re going to live when you begin your life together. If buying a home versus renting is the direction you would like to … Continue reading

Self-Employed? Here Is The Easiest Way To Get A Mortgage
Broker vs. Bank / Credit / Documents / Income / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Refinance

Self-Employed? Here Is The Easiest Way To Get A Mortgage

  Getting a mortgage when you are self-employed is different than applying when you are considered to be an employee. I suggest being prepared for the process by addressing some of the items below before you start looking for financing. Keep reading for the step-by-step guide to financing for borrowers who are business-for-self; Step One: … 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

Broker vs. Bank / Documents / First Time Home Buyer / Income / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Is Your Income Eligible?

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. One of the most common questions we get asked is what kind of income is eligible to be used in the qualifying calculations. Your mortgage lender will want to first confirm … Continue reading