What do first-time homebuyers need to know?
Broker vs. Bank / Credit / Downpayment / First Time Home Buyer / Helpful Tools / Insurance / Market Updates / mortgage / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Stress Test / Uncategorized

What do first-time homebuyers need to know?

If you’re ready to buy your first home and want to have a smooth and successful home purchasing experience, avoid these common first-time home buying mistakes. Find a good Mortgage Broker Ask for recommendations from friends, family and co-workers to find the professional that is right for you. If you are looking on-line, read the testimonials … Continue reading

How to successfully sell & buy a home at the same time
Downpayment / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Rules

How to successfully sell & buy a home at the same time

Tips for smoothly navigating two home transactions simultaneously You own a home now, but it’s time to make a change. If you’re moving up or downsizing, you probably have questions about how it all works. That is, the logistics of buying another home while you still own your existing property. Here are 10 facts you need … 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

My mortgage renewal was denied! Now what?
Credit / Documents / Lenders / Mortgage Renewal / Qualifying / Rates & Terms / Refinance

My mortgage renewal was denied! Now what?

Getting to the end of your mortgage term only to find your mortgage renewal has been denied can be a tough pill to swallow. Don’t worry yet as there are options. In order to go through the process, you will need to find out some information in order to assess the choices available to you … Continue reading

Revenue Properties
Documents / Downpayment / Income / Purchase / Qualifying / Rates & Terms / Rental Properties

Revenue Properties

Whether this is your first revenue property purchase or your fifth, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know about qualifying for a rental property mortgage. The below guidelines can apply to both a new purchase and a … Continue reading

The Right Way To Buy A Condo
Documents / First Time Home Buyer / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rental Properties

The Right Way To Buy A Condo

  A condo or condominium is one of a group of housing units where each homeowner owns their individual unit space, and all the dwellings share ownership of the common areas. Condos can include high-rise or low-rise apartment units, townhomes and some duplexes depending on how the title is registered. The biggest difference between a … 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

What is the benefit of getting a pre-approval?
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms

What is the benefit of getting a pre-approval?

The government has made a number of changes to the mortgage rules over the past few years which have made a significant impact to the mortgage market landscape. I have found one of the major implications of these changes is that it reduces the number of people who can actually qualify for a mortgage now versus the … Continue reading