Divorce? Separation? Common-Law Splitting Up?
Credit / Debts / Documents / Income / Purchase / Qualifying / Refinance

Divorce? Separation? Common-Law Splitting Up?

Here is what will happen with the mortgage If you have financed a home with a sibling, partner or spouse, common law or married, and have decided to part ways; read on.  Based on my experience, the most stressful issue in a relationship breakdown is what to do about the jointly owned home and mortgage. … 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

When is the right time to refinance?
Bankruptcy / Credit / Debts / Documents / Lenders / Mortgage Renewal / Qualifying / Quizzes / Rates & Terms / Refinance

When is the right time to refinance?

If you are stressed about the amount of debts you have or mortgage payment amount(s) you are currently making, it may be time to look at refinancing your home as rates are still low and Edmonton has a stable housing market.  If you’re unsure if it makes financial sense to restructure your current mortgage, a review of … Continue reading

This upfront decision could save you thousands off your mortgage
Debts / Documents / Downpayment / Lenders / Mortgage Renewal / Pre-Payment / Refinance

This upfront decision could save you thousands off your mortgage

There are a few ways you could do this; utilize pre-payment privileges throughout the year to pay off your mortgage balance quicker, pay accelerated weekly or bi-weekly payments, or take a shorter amortization period. By making a decision upfront which focuses on faster mortgage repayment, not only can you save thousands in interest by shortening … Continue reading

8 Mortgage tidbits you might not know
Credit / Debts / Documents / First Time Home Buyer / Income / Pre-Payment / Purchase / Qualifying

8 Mortgage tidbits you might not know

This week I want to share a few of the less talked about mortgage topics, the ones that don’t usually come up until you have already started into the mortgage process. Keep in mind a good portion of this information is based on my own thoughts and experiences and should not replace the benefits of … Continue reading

How to buy and sell at the same time
Documents / Downpayment / Insurance / Pre-Payment / Purchase / Qualifying / Refinance

How to buy and sell at the same time

You own a home now, but it’s time to make a change. If you’re moving up or downsizing you probably have questions about how it all works. This article is about the logistics of buying another home while you still own your existing property. Here are 10 facts you need to know about navigating through … Continue reading

How To Have A Stress-Free Mortgage Closing
Credit / Documents / Downpayment / First Time Home Buyer / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How To Have A Stress-Free Mortgage Closing

You know the saying “the devil is in the details”; well it applies to the mortgage process too. When you’re buying or refinancing a 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 … Continue reading