Who are you going to call?
Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Refinance

Who are you going to call?

  There are multiple professionals who are involved in a typical real estate transaction which may sometimes cause some confusion. Below you’ll find a summary of the most common individuals you will run into if you’re purchasing or refinancing a property and what expectations you should have of them. Start with the basics Your maximum … Continue reading

10 Things You Need to Know About Appraisals
Documents / Lenders / Mortgage Renewal / Purchase / Refinance / Rental Properties

10 Things You Need to Know About Appraisals

Appraisals are a valuable part of the real estate transaction and they are different than a market valuation provided by a real estate professional. What is an appraisal? An appraisal is an unbiased estimate of what a buyer might expect to pay (or a seller to receive) for a parcel of real estate. It is … Continue reading

The cost of buying is going up
Downpayment / First Time Home Buyer / Lenders / Market Updates / New to Canada / Purchase / Refinance

The cost of buying is going up

How much does it cost to get a mortgage? A couple of the most frequently asked questions I get are ‘how much downpayment do I have to have and what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional … Continue reading

Documents / Downpayment / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rental Properties

Buy land, they’re not making it anymore

That’s one of my favorite quotes to use when I get asked if buying property is a good investment. This week I want to talk about how it relates to real estate in the literal sense. If you are thinking of financing a rural property, the mortgage process varies slightly from that of purchasing a … Continue reading

Picking A Property
Documents / Downpayment / First Time Home Buyer / Lenders / New to Canada / Purchase / Qualifying / Rental Properties

Picking A Property

What’s the difference between the financing for each? You can’t get a mortgage without a property. I am going to discuss the mortgage financing for two different types of property under residential mortgage financing. A single detached home is a solitary freestanding building, also known as a single-family dwelling; it is usually occupied by 1 … Continue reading

Prepare Your Paperwork
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Mortgage Renewal / New to Canada / Purchase / Qualifying / Refinance

Prepare Your Paperwork

Mortgage documents required for financing approval What is required to get a mortgage approval is more extensive than it was five years ago. Not every mortgage is alike and neither are the document requirements. There are some documents that every mortgage approval requires, below is a list of the most commonly requested ones. Drivers license … Continue reading

The Mortgage Process in 10 Steps
Credit / Documents / First Time Home Buyer / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms

The Mortgage Process in 10 Steps

Taking on new debt is pretty easy and it usually only takes a signature on the dotted line to get a car loan, a new credit card, or a small line of credit. Getting a mortgage is more involved and below you will find the 10 steps to financing your new home. 1) Find a … Continue reading

Credit / Documents / Insurance / Lenders / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance

Heading for Splitsville?

Here’s what will happen with the mortgage If you have financed a home with a sibling, partner or spouse, common law or married and have decided to part ways, read on.  Based on my experience, the most stressful issue in a relationship breakdown is what to do about the jointly owned home and mortgage. Over … Continue reading

Get a mortgage pre-approval
Credit / Documents / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rental Properties

Get a mortgage pre-approval

The government has made a number of changes to the mortgage rules over the past 5 years which has resulted in significant changes to the mortgage market landscape. As a result this reduces the number of people who can actually qualify for a mortgage now versus the numbers from a couple of years ago.   … Continue reading