7 Signs a line of credit is right for you
Credit / Debts / Downpayment / Income / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules / Variable Interest Rates

7 Signs a line of credit is right for you

I was speaking with a friend who recently switched over from a mortgage to a line of credit product; she was surprised she hadn’t done it sooner. It got us talking about the differences between the typical mortgage product and a home equity line of credit. While both have advantages, the line of credit can … Continue reading

What’s the difference between mortgage lenders?
Bankruptcy / Broker vs. Bank / Credit / Documents / Downpayment / Insurance / Lenders / New to Canada / Pre-Payment / Qualifying / Rates & Terms

What’s the difference between mortgage lenders?

If you see getting a mortgage in your future, there are a few different ways to ensure you get approved. After a review of my client’s current financial profile, I will fit them into the A, B or C category of lending. Each of these lender types will charge a variety of different rates, the … Continue reading

8 Mortgage Myths Busted
Bankruptcy / Broker vs. Bank / Credit / Debts / Insurance / Lenders / Pre-Payment / Qualifying / Rates & Terms / Refinance

8 Mortgage Myths Busted

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. Most learn about them only when they are ready to buy a home, through friends, family, or the Internet. My concern … Continue reading

How to get a mortgage in 10 steps
Documents / Downpayment / First Time Home Buyer / Income / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Refinance

How to get a mortgage in 10 steps

Taking on new debt is pretty easy and it usually only takes a signature on the dotted line and proof of employment income to get a car loan, a new credit card or a small line of credit. Getting a mortgage is more involved; below you will find the 10 steps it takes to finance … Continue reading

What’s the difference between new homes and existing ones?
Documents / Downpayment / Lenders / Purchase / Qualifying / Rates & Terms

What’s the difference between new homes and existing ones?

If you’re currently thinking about buying a home and you are unsure whether to buy a pre-existing home or building a new one, keep reading for some of the differences between the two, which will arm you with some useful decision making material. The best way to avoid costly surprises when purchasing a home is … Continue reading

Be prepared if you’re buying a property with this feature
Lenders / Purchase / Qualifying / Rates & Terms / Rental Properties

Be prepared if you’re buying a property with this feature

Mortgage lenders are pretty flexible, but mortgage financing is still a business and lenders have a bottom line to protect. The good news for us is they understand we don’t live in a perfect world and there needs to be some risk tolerance in order to lend out money and earn a profit. Apart from the … Continue reading