The cost of buying is going up
Downpayment / First Time Home Buyer / Lenders / Market Updates / New to Canada / Purchase / Refinance

The cost of buying is going up

How much does it cost to get a mortgage? A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional … Continue reading

How much do you know about second mortgages?
Bankruptcy / Credit / Debts / Documents / Lenders / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rental Properties

How much do you know about second mortgages?

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

Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / Mortgage Renewal / New to Canada / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Quizzes / Rates & Terms / Refinance / Rules

Mortgage Fact or Fiction

Test your mortgage knowledge Mortgages are not a subject we learn about in high school, although I wish they were as 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 or family or the internet, though my concern with … Continue reading

10 Things You Need to Know About Second Mortgages
Credit / Documents / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

10 Things You Need to Know About Second Mortgages

I don’t mean second mortgage as in getting a mortgage on a second property; in this case I’m talking about a 2nd mortgages behind an existing 1st mortgage for 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 about them … Continue reading

Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Lender Types

The Lender Alphabet The ABC’s of Mortgage Lenders         I often talk about alternative lenders in my articles so this week I want to discuss the different types of mortgage lenders a borrower may encounter when looking for mortgage financing. I look at the lenders as fitting into the A, B or C category. … Continue reading