Can I still buy a home if I have bad credit?
Bankruptcy / Credit / Debts / Downpayment / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms

Can I still buy a home if I have bad credit?

YES! You can buy a home- even with bad credit. Your Credit Report is one of the most relevant items a financial institution will use to determine the risk level of lending you money. Your Credit Report indicates to lenders how well you have paid your creditors in the past and they will use this … 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 increase home equity
Lenders / Mortgage Renewal / Pre-Payment / Rates & Terms / Refinance

How to increase home equity

Maximizing pre-payment privileges Making a decision to focus on quicker mortgage repayment not only saves you thousands in interest costs, it also allows you to greatly reduce your mortgage balance which ultimately increases the home equity. A lower mortgage balance owing is also a positive if rates have increase significantly by your renewal date, the lower … Continue reading

Do you have your documents ready?
Bankruptcy / Credit / Documents / Downpayment / Lenders / Purchase / Rates & Terms / Rental Properties

Do you have your documents ready?

Proper paperwork preparation can save you time and get your mortgage approved faster When it comes to applying for a mortgage, this is the second question I hear the most often, after ‘what is your best rate?’ As not every mortgage is alike, neither are all the requirements. Having said that, there are some documents … Continue reading

Read This Before You RENT-TO-OWN
Bankruptcy / Credit / Debts / Downpayment / First Time Home Buyer / Pre-Approvals / Purchase / Qualifying / Rental Properties / Rules

Read This Before You RENT-TO-OWN

The new mortgage rules may have some borrowers exploring home ownership alternatives, one being a “rent-to-own” option. You may have heard about doing a rent-to-own for furniture, appliances or electronics, well, it applies to home ownership too. It’s not too common, so I believe it’s important to be well informed before you enter into any … Continue reading

How well do you know your mortgage?
First Time Home Buyer / Lenders / Pre-Payment / Purchase / Rates & Terms / Refinance

How well do you know your mortgage?

Why the fine print of your mortgage approval matters When applying for a mortgage, the rate and payment amount initially seem to be the most important, however, there are other items that should be understood before you sign on the dotted line. Read on for the top four mortgage features that could be particularly impactful … Continue reading

Moving? Here’s how to rent out your existing home
Downpayment / Insurance / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Moving? Here’s how to rent out your existing home

  Are you ready to move into a new home but need to decide what to do with your current residence? There are a few options, sell it, or keep it and rent it out? In order to make an informed decision, I believe there are a number of factors to take into consideration and … Continue reading