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

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

How Do You Look On Paper
Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

How Do You Look On Paper

When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process which includes meeting the qualifying guidelines, review and understanding of any terms and conditions, paperwork to sign and more that goes along with getting approved for financing. If you’re wondering how … Continue reading

The 5 C’s of Credit
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Purchase / Qualifying / Refinance

The 5 C’s of Credit

How do you look on paper? When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process, which includes meeting the qualifying guidelines, understanding any terms and conditions, paperwork to sign, and more that goes along with getting approved for financing. Are … 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

Credit / Documents / Lenders / Purchase / Qualifying / Rental Properties

Buying a Rental Property

Whether this is your first revenue property purchase or your 5th, 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 or a … Continue reading

How to look like a perfect 10…on paper
Bankruptcy / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Pre-Approvals / Purchase / Qualifying / Refinance / Rental Properties

How to look like a perfect 10…on paper

Here I am, right on the coattails of an article about which direction the mortgage market may take in the next 12 months. Let’s talk about how to make sure you stay at the top of the “borrowing ability” game! Mortgage lending is simply risk assessment and lenders are constantly scrutinizing the risk of lending … Continue reading