The Blog

Hi there, Separation and divorce can impact a family on many levels including financially. It’s a stressful process for all concerned. In addition, there may be the messy business of splitting the assets, including the family home and the mortgage. Many couples end up selling the house to pull out their equity, which may cause additional stress. However, there are …

Hi there, As we wind down 2018, we can look back at the housing market and see that affordability was the big topic across Canada. We have weathered many challenges in the housing market, from gloomy predictions of housing bubbles and increasing debt loads, to eroding affordability due to continued government rule changes. We will, no doubt, weather these latest …

Hi there, There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon families may find themselves overwhelmed as the …

Hi there, Here’s a typical scenario: You and your spouse are applying for a mortgage loan. You’ve had credit for years with three or four credit cards, a car loan and a line of credit. You always pay the minimum obligation, and always on time. Your spouse, on the other hand, doesn’t use much credit, perhaps has only two or …

There are some substantial changes arriving on January 1, 2018 that will make it more difficult for anyone looking to purchase or refinance their property with 20% or more down payment or equity. FICOM is implementing a rule change that make it so when anyone in Canada looking for financing at 20% and above equity would need to qualify under …

I am going to go over different credit scores and what they mean and what type of banks or programs they would fit. Credit is more important now than ever before as Equifax and Transunion changed how they calculate your credit score last year with very good credit getting even higher and not so great going lower in most cases. …

Hey everyone, I know I am a little late to the party on this one but its taken a while to figure out exactly what BC Housing wants when a client submits to them as they are very picky and also the best ways to position this at lenders. Here is the purpose of the BC Home loan from their …

Being a mortgage broker I have seen a lot of people with no credit, damaged credit or just starting to build their credit. It is never easy to build your credit when first starting out and it can sometimes take years to establish even a little bit of credit. I will go over some of the best credit habits and …

I am going to share about how banks like to see your mortgage down payment and what they will or will not accept. It sounds simple; show them your bank statements and everything is good to go. Not so much. The banks are very specific on what they want to see depending on how you have obtained your down payment. …