The latest News and Updates in the world of Mortgages
You’re ready to buy the house of your dreams. You have a house you want to put an offer on, you’re ready and you’re excited. But, first, we have to make sure you have your mortgage down payment right and that it’s enough. Banks are very specific on what they want to see for a mortgage down payment, depending on …
Are you currently looking to buy a home but aren’t sure how to qualify for a mortgage? There are two types of mortgages you can go with – a fixed mortgage or a variable rate mortgage. If you’re new to the home buying process and are finally saying goodbye to renting, you may not know the difference. In this blog …
Have you heard the term Home Equity Line of Credit (HELOC), but aren’t completely sure you understand what that means? I understand that sometimes mortgage terms are hard to understand, so I want to ensure that you know I’m here for you. Both for your mortgage needs and for you to understand loan terms. In this blog post, I’m going …
Are you looking for a mortgage but bad credit has you down and out? There’s still a possibility that you can be approved for a mortgage and purchase that home you’ve been looking at. This can happen through private or “B Lender” mortgages. In this blog post, I’ll be sharing about private and “B Lender” mortgages and how even if …
I may be biased, but I truly believe Canada is a beautiful place to call home. From the weather to the opportunities, more and more people are moving here from other countries. Luckily for them, we have several mortgage programs to fit that situation and help these newcomers purchase a home here. In this blog post, I’ll be going over …
Here’s the situation… you’re buying a new home and you’re so excited! But you know that this is a transition home that you will sell within five years. This home will last you for a couple of years before you’re ready to buy your forever home that’s bigger for your family, or maybe even in a different neighbourhood or city. …
Are you self-employed and currently looking for a mortgage? Sometimes it’s hard to know what a lender will want when it comes to being self-employed. It’s a little different from a regular employee’s income. Thankfully, when you work with a mortgage broker, like me, I’ll be able to guide you through the whole process. In this blog post, I’ll give …
Employee income is one of the most important aspects of being approved for a mortgage. Lenders will qualify you for the mortgage based on your income, your debt, and your down payment. In this blog post, I thought it would be a good idea to discuss how lenders see income. Whether you’re full-time, full-time salary or part-time, your income levels …
People often ask me, “Why should I use a mortgage broker instead of my bank?” It’s a question that I understand why I’m asked because sometimes people don’t realize what a mortgage broker does differently than a bank. Many people were brought up being taught that they just travelled to their local branch for anything related to finances. But, times …
Are you interested in learning more about conventional mortgages and how to get a Home Equity Line of Credit (HELOC)? It can seem pretty daunting if you don’t have experience with real estate, or have friends and family who have gone through the process themselves. There are so many things to know, terms to understand and financials to consider. Thankfully, …
