Alternative Lending 101
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Pre-Approvals / Purchase / Qualifying / Refinance / Variable Interest Rates

Alternative Lending 101

If you’re thinking of getting a mortgage, like most, you’ve likely done some research to see what’s required in order to be approved. But what happens if you don’t meet ALL of the requirements? Welcome to the world of alternative lending. These mortgage offerings are geared towards a borrower who needs a lender to work … 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

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

8 Mortgage Secrets Everyone Should Know
Bankruptcy / Broker vs. Bank / Credit / Documents / Downpayment / Insurance / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance

8 Mortgage Secrets Everyone Should Know

Mortgages are not a subject we learn about in high school, although I wish they were. Credit, interest rates and qualifying for a mortgage are all things that will greatly affect your lifestyle going forward. Some hear about them through friends, family or the Internet. My concern with this is the mortgage market is a changing … 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

Mortgage Mistakes
Credit / Documents / Income / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rules

Mortgage Mistakes

Avoid these mortgage mistakes in 2015  Financing a home is a process most borrowers only go through a few times in their life and we know from experience it isn’t easy to stay on top of all the of the ins and outs of the financing requirements with all of the changes being mandated by … Continue reading

Switching Mortgage Lenders
Documents / Lenders / Mortgage Renewal / Pre-Payment / Qualifying / Rates & Terms / Refinance / Rental Properties

Switching Mortgage Lenders

What you need to know For whatever reason you’re thinking of switching, 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 a different lender. To help with the preparatory work, I’ve included a few key details which will help … Continue reading