7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … 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

How to break up with your mortgage lender
Credit / Documents / Income / Lenders / Mortgage Renewal / Pre-Payment / Qualifying / Rates & Terms / Refinance / Rules

How to break up with your mortgage lender

For whatever reason you’re thinking of cutting ties with your current lender, 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 help with the preparatory work, I’ve included a few key details that will help you decide if it … Continue reading

How long should your mortgage term be?
Lenders / Mortgage Renewal / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Variable Interest Rates

How long should your mortgage term be?

Getting a mortgage is likely one of the largest debts a borrower will take on in a lifetime and choosing the right mortgage term, type and length is a crucial step in the financing process whether it’s your first or fourth home. Maximize homeowner happiness by choosing a mortgage term that is affordable and suits … Continue reading

Is a second mortgage right for you?
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Lenders / Qualifying / Quizzes / Rates & Terms / Refinance

Is a second mortgage right for you?

I don’t mean a second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgage behind an existing 1st mortgage secured against the same property. Second mortgages aren’t for everyone so I’m going to highlight what I think are the top 10 things you should know … Continue reading

First Time Home Buyers: 10 Tips You Need To Know
Credit / Documents / Downpayment / First Time Home Buyer / Income / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying

First Time Home Buyers: 10 Tips You Need To Know

When you’re buying and financing your first home, usually it’s the big stuff like income, downpayment and credit that can cause the most anxiety. As a result, the small stuff can sometimes get overlooked. Avoid having to go back and forth with your lender by being prepared for the mortgage process and checking out these … Continue reading

2016: Time For A Mortgage Check-Up
Credit / Documents / Income / Mortgage Renewal / Pre-Approvals / Pre-Payment / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

2016: Time For A Mortgage Check-Up

Welcome to 2016! Looking back on the last year, we’ve seen mortgage rates remain relatively unchanged, home values stayed steady and a new mortgage rule change was announced with its debut happening in February 2016. While weight-loss and getting organized are the top resolutions, spending less and saving more follow closely behind. On that note, … Continue reading