The latest News and Updates in the world of Mortgages
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, …
Do you have little to no credit, damaged credit or are just starting to build your credit? If so, this is the blog post for you! Being a mortgage broker, I have seen a lot of people in these situations. It’s never easy to build your credit when first starting out and it can sometimes take years to establish even …
Can you qualify for a mortgage with a student loan? It’s a popular question and I’m here to tell you that it’s completely possible! And, quite common as well. In this blog post, we’ll dive into what it means to have a mortgage with a student loan and what you can do to prepare for what’s to come. Let’s get …
Are you close to the end of your mortgage term? When you choose a fixed or variable rate mortgage, you choose a term where you are guaranteed a certain discounted rate at the bank from 6 months to 10 years. Once that term is near completion, normally your bank will send you a letter stating your renewal date and the …
As we welcome the third month of 2021 already, I wanted to write a blog post on the housing market and you. Over the years, I’ve written blog posts on the housing market and they’ve been great tools for those interested in buying. We all know that the housing market is constantly evolving and changing, so let’s chat about 2021 …
For some people, it may seem like getting a mortgage is essentially impossible. But, I’m here to tell you that isn’t always the case! Whether you’re a student, transitioning to a new job or you just don’t fit the bank’s guidelines, getting a mortgage may still be in the cards for you. You’ll just need a little help from your …
