Making sense of the new best mortgage rates
Broker vs. Bank / Downpayment / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rules

Making sense of the new best mortgage rates

Gone are the days when making a large down payment means you are rewarded with best mortgage rates due to recent Federal Government rule changes. What?!?! Prudent savers are now being charged higher, not lower rates! Read on to find out if you should buy now with a minimal down payment or keep saving. Within … Continue reading

Should I renew my mortgage early?
Credit / Debts / Documents / Income / Lenders / Mortgage Renewal / Qualifying / Rates & Terms

Should I renew my mortgage early?

The quick answer is, it depends on why. If you plan on staying with the same lender and you’re worried rates will be higher when your actual renewal date is here, then yes- renew your mortgage early. BUT, before you do that, ensure you’re aware of the other options available to you. Not shopping around … Continue reading

4 Important questions to ask before applying for a mortgage
Credit / Debts / Documents / Downpayment / Income / New to Canada / Purchase / Qualifying

4 Important questions to ask before applying for a mortgage

A mortgage professional can guide you along the road to financing approval, but it’s up to the borrower to provide directions on the way. What I mean by that is a mortgage professional cannot make the decisions for you, we’re not the ones making the payments. On that note, I believe an educated borrower is … Continue reading

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

Switching Mortgage Lenders
Documents / Lenders / Mortgage Renewal / Pre-Payment / Qualifying / Rates & Terms / Refinance / Rental Properties

Switching Mortgage Lenders

What you need to know For whatever reason you’re thinking of switching, whether it be for a refinance or a renewal, there are a few things you should know before you make the decision to move to a different lender. To help with the preparatory work, I’ve included a few key details which will help … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rules

Mortgage Fact or Fiction

Test your mortgage knowledge Mortgages are not a subject we learn about in high school, although I wish they were as credit, interest rates and qualifying for a mortgage are all things that will greatly affect your lifestyle going forward. Some hear about them through friends or family or the internet, though my concern with … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties / Rules / Uncategorized / Variable Interest Rates / Videos

NEW BLOG!

So I have decided to move my blog from Blogger to WordPress. There were a couple reasons why I moved, but the biggest was ease of use. My website is WordPress so it is easier to link it to the blog, I also like the templates WordPress offers way more than Blogger. And, most important … Continue reading