How to qualify for the lowest interest rate
Credit / Income / Lenders / Pre-Approvals / Qualifying / Rates & Terms / Rental Properties

How to qualify for the lowest interest rate

If you are in the market for a mortgage, chances are you’re looking for the lowest interest rate you can get because it means a lower monthly payment. If you are shopping online, you’ve probably seen a great rate and then in fine print is ‘O.A.C. (on approved credit)’ or ‘rates subject to change without … Continue reading

Do you know the right way to fill out a mortgage application?
Credit / Debts / Documents / Income / Lenders / Purchase / Qualifying / Rental Properties

Do you know the right way to fill out a mortgage application?

The mortgage credit application is a very important document as it’s the foundation on which the rest of the financing is built. This document is referred to when preparing the applicant for approval and used to determine what kind of supporting paperwork may be requested. This article isn’t about the strength of the application; instead, … 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

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

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

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

How to qualify for the highest mortgage amount
Documents / Income / Lenders / Purchase / Qualifying / Refinance

How to qualify for the highest mortgage amount

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. The higher your income, the higher mortgage amount you can qualify for. One of the most common questions we get asked is what kind of income is eligible to be included … 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