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

7 Mortgage mistakes you should avoid in 2016
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Refinance

7 Mortgage mistakes you should avoid in 2016

With the recent announcement of another mortgage rule change, we have been getting borrower inquiries about how this will affect potential financing options. The new minimum 10% downpayment requirement for properties with a purchase price of over $500,000 will not affect the majority of new borrowers unless you are buying in the higher priced property … Continue reading

Your mortgage is up for renewal
Credit / Documents / Lenders / Mortgage Renewal / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Your mortgage is up for renewal

Now what? If your mortgage is up for renewal within the next 6 months you may want to start thinking about what you’re going to do when your mortgage term ends. While you could renew with your current lender, you may be missing out on potential mortgage interest savings. It’s most often in your best … 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

Broker vs. Bank / Credit / Documents / Insurance / Lenders / Market Updates / Purchase / Qualifying / Refinance

8 Mortgage Mistakes to Avoid

With mortgage lending guidelines tightening 4 times over the past 5 years, it’s become evident that getting a mortgage is not as easy as it used to be.  To ensure you can qualify under the new rules, at a minimum you need at downpayment, stable income and a satisfactory credit history and even that isn’t … Continue reading