How to get a mortgage in 10 steps
Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How to get a mortgage in 10 steps

Taking on new debt is pretty easy and it usually only takes a signature on the dotted line and proof of employment income to get a car loan, a new credit card or a small line of credit. Getting a mortgage is more involved; below you will find the 10 steps it takes to finance … 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

Revenue Properties
Documents / Downpayment / Income / Purchase / Qualifying / Rates & Terms / Rental Properties

Revenue Properties

Whether this is your first revenue property purchase or your fifth, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know about qualifying for a rental property mortgage. The below guidelines can apply to both a new purchase and a … Continue reading

Who are you going to call?
Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Refinance

Who are you going to call?

  There are multiple professionals who are involved in a typical real estate transaction which may sometimes cause some confusion. Below you’ll find a summary of the most common individuals you will run into if you’re purchasing or refinancing a property and what expectations you should have of them. Start with the basics Your maximum … 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

Prepare Your Paperwork
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance

Prepare Your Paperwork

Mortgage documents required for financing approval What is required to get a mortgage approval is more extensive than it was five years ago. Not every mortgage is alike and neither are the document requirements. There are some documents that every mortgage approval requires, below is a list of the most commonly requested ones. Drivers license … Continue reading

Financing A Fixer-Upper
Documents / Downpayment / First Time Home Buyer / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Rental Properties

Financing A Fixer-Upper

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 for you and your family.  One has an awful looking bathroom, another has an outdated kitchen, and a third home has no garage. Enter the Purchase-Plus-Improvements mortgage product. This type … Continue reading

Dressing up your mortgage
Broker vs. Bank / Documents / First Time Home Buyer / Insurance / Lenders / Purchase / Rates & Terms / Rental Properties

Dressing up your mortgage

Put your Power Team together like your Power Outfit The roles and responsibilities of those involved in a typical home purchase transaction can be likened to the components of picking out a trendy outfit. I’ll highlight the similarities between both while at the same time setting the expectations you should look for from all parties … 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