Don’t be a victim of mortgage fraud
Credit / Documents / Downpayment / Lenders / Purchase / Qualifying / Rental Properties

Don’t be a victim of mortgage fraud

Mortgage fraud is a crime that affects both lenders and borrowers. It can negatively affect credit scores, raise insurance premiums, increase document requirements, waste time and money and cause stress for honest borrowers looking for financing. There are a few actions you can take to protect yourself from becoming a victim of mortgage fraud; the … Continue reading

Should You Borrow Your Downpayment?
Debts / Downpayment / First Time Home Buyer / Insurance / Purchase / Qualifying / Rates & Terms / Rental Properties

Should You Borrow Your Downpayment?

This topic has been on my mind after seeing and hearing about it recently. It immediately reminded me of the old adage, ‘just because you can, doesn’t mean you should’. Borrowing your downpayment in addition to getting a mortgage can be a risky undertaking if not done responsibly. The optimal way to decide if you … Continue reading

Rental Property Mortgages 101
Credit / Documents / Downpayment / Insurance / Lenders / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Rental Property Mortgages 101

The mortgage market for rental properties has changed drastically over the past few years with multiple new mortgage rules coming into effect. If you’re trying to find mortgage financing for a rental property, here’s a quick summary of some of the most common questions we get when financing rentals.  Further to this, I recommend aligning … Continue reading

Credit / Documents / Downpayment / Purchase / Qualifying / Rates & Terms / Rental Properties

What to expect when buying a rental property

How does the mortgage process differ when buying a revenue property vs an owner occupied purchase? As the main borrower will not be residing in the property, getting a mortgage on an investment property is deemed higher risk in a lenders eye. They will be scrutinizing the mortgage application more closely in order to ensure … Continue reading