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

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

How to buy a home when you’re new to Canada
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Purchase / Qualifying / Rules

How to buy a home when you’re new to Canada

With Canada Day around the corner, it has me thinking about those borrowers who are new to this great country. If you’re new to Canada, one of your first priorities will likely be to find a place to live. If you’re uncertain about which city you want to reside in, renting may be a good … 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

Downpayment / First Time Home Buyer / Insurance / Market Updates / New to Canada / Pre-Approvals / Purchase / Qualifying / Rules

Mortgage Insurance Changes: Downpayment

You may have already heard about the upcoming rule change affecting the minimum downpayment on insured mortgages. I want to break it down so it’s clear how this new change affects your current and future mortgage financing options. Who & What There has been an increase to the minimum downpayment required for properties with a purchase … 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