Broker vs. Bank / Credit / Documents / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Your mortgage has been declined! Now what?

Alternative Lending 101 If you’re thinking of getting a mortgage, if you are like most of us, 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 the requirements? Welcome to the world of alternative lending. These mortgage offerings are geared towards a … Continue reading

Broker vs. Bank / Debts / Documents / Income / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Broker or Bank?

How do you decide who is best to approach for your mortgage financing needs? I say either one would work, however, I do want to share a few key differences between the two. Firstly, let me start by distinguishing between the two titles; a Mortgage Broker acts as a connector between a potential borrower and … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Bad credit? You can still get a mortgage!

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 information to determine the likelihood of any default in your … Continue reading

Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / Income / Lenders / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Why a Private Mortgage?

I will be honest…..A private mortgage is one of the last solutions for mortgage financing. We always try to explore all the borrowers’ options before we turn to a private lender as a private mortgage will come with a higher interest rate than conventional mortgages and an upfront fee will also be is charged. A … Continue reading