Can I still buy a home if I have bad credit?
Bankruptcy / Credit / Debts / Downpayment / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms

Can I still buy a home if I have bad credit?

YES! You can buy a home- even with bad credit. 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 … Continue reading

Mortgage Pre-Approvals: 7 Things you need to know
Credit / Documents / Insurance / Lenders / Market Updates / Pre-Approvals / Purchase / Qualifying / Rates & Terms

Mortgage Pre-Approvals: 7 Things you need to know

Recently the government announced the 6th change to the mortgage rules in eight years. I have seen both positive and negative opinions on how these will affect housing prices, interest rates, and the overall mortgage market landscape. Regardless of the new changes; the housing market is still strong and Canadians will always have a need … Continue reading

Do you have your documents ready?
Bankruptcy / Credit / Documents / Downpayment / Lenders / Purchase / Rates & Terms / Rental Properties

Do you have your documents ready?

Proper paperwork preparation can save you time and get your mortgage approved faster When it comes to applying for a mortgage, this is the second question I hear the most often, after ‘what is your best rate?’ As not every mortgage is alike, neither are all the requirements. Having said that, there are some documents … Continue reading

How To protect yourself from mortgage fraud
Credit / Documents / Downpayment / Lenders / Purchase / Rental Properties

How To protect yourself from mortgage fraud

Mortgage fraud is a crime that affects both lenders and borrowers. It can negatively affect credit scores, raise insurance premiums, increase document requirements, waste time and money and cause stress for honest borrowers looking for financing. There are a few actions you can take to protect yourself from becoming a victim of mortgage fraud; the … Continue reading

Read This Before You RENT-TO-OWN
Bankruptcy / Credit / Debts / Downpayment / First Time Home Buyer / Pre-Approvals / Purchase / Qualifying / Rental Properties / Rules

Read This Before You RENT-TO-OWN

The new mortgage rules may have some borrowers exploring home ownership alternatives, one being a “rent-to-own” option. You may have heard about doing a rent-to-own for furniture, appliances or electronics, well, it applies to home ownership too. It’s not too common, so I believe it’s important to be well informed before you enter into any … Continue reading