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

Fixed or variable rate?
Credit / Debts / Downpayment / First Time Home Buyer / Mortgage Renewal / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Fixed or variable rate?

Take the quiz to find out which option is best for you Whether this is your first mortgage, your mortgage is soon due for renewal or you are thinking of refinancing; choosing an interest rate and mortgage term that is right for you can be a daunting task for some. You have to decide if … Continue reading

How to fill out a mortgage application
Credit / Documents / Lenders / New to Canada / Purchase / Qualifying / Rental Properties

How 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; … Continue reading

What paperwork will I need to get a mortgage approval?
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / New to Canada / Purchase / Refinance

What paperwork will I need to get a mortgage approval?

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 that every mortgage approval requires and below is a list of the most … Continue reading

8 Mortgage tidbits you might not know
Credit / Debts / Documents / First Time Home Buyer / Income / Pre-Payment / Purchase / Qualifying

8 Mortgage tidbits you might not know

This week I want to share a few of the less talked about mortgage topics, the ones that don’t usually come up until you have already started into the mortgage process. Keep in mind a good portion of this information is based on my own thoughts and experiences and should not replace the benefits of … Continue reading