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 …
Separation, Divorce And Your Mortgage
Separation and divorce can impact a family on many levels. It’s most likely something you weren’t expecting when purchasing a house, but a divorce will also impact you and your family financially. While it can be a stressful and messy process for all concerned, I want to take the time to write about how a divorce or separation will impact …
Missing A Mortgage Payment
There will be times in our lives when unexpected things happen and we find ourselves having trouble coping financially. The fear could be made greater when you calculate your bills and how much money you’re bringing in. Things like a job loss, an unexpected illness, a death of a loved one, a divorce or a separation can all make this …
Mortgage Pre-Approval
Getting pre-approved for a mortgage before you head out and look for houses is something I highly recommend. It will enable you to know the price range you should be approved at when you make an offer on a property that you love. Going into looking for a property blind, without knowing your approval rating, could set you up to …
Building Your Credit Score
As you go through the process of buying a home, you will be hearing a lot about credit scores. If your credit score is something you’ve never really paid much attention to, you’re going to have to change that! In this blog post, I’ll be focusing on what most banks want to see for credit when you’re applying for a …
Have You Considered An Alternative Mortgage?
As the world continues to change and evolve, so do mortgage rules. As a result of these changes, fewer people are qualifying for mortgages offered through traditional lenders such as the big banks. This is due to many factors, including the stress test. Thankfully, big banks aren’t the only option available when it comes to getting a mortgage loan. In …
Should You Cosign a Mortgage?
Cosigning a mortgage is a decision that should be thought out and carefully examined. Depending on the situation, there can be major repercussions that land on the cosigner if the borrower isn’t able to pay for the loan. But, cosigning can also be a fantastic way to help a loved one qualify for a mortgage when they otherwise wouldn’t be …
How to Buy a Second Home and Rent Out the First
You’ve been thinking about adding a second property to your real estate portfolio. You have the idea that with your second property, you’ll move into that one, have it become your owner occupied and then rent out your first home. Kudos to you! This is an exciting opportunity and with the right mortgage broker on your side, this adventure is …
5 Things You Shouldn’t Do When Qualifying for a Mortgage
Qualifying for a mortgage is a big process. A lot of information is gathered and a lot of it relies on everything staying the same during the qualifying time. Many people don’t know that a simple thing like purchasing a new car can wreck a whole mortgage qualification! But, sadly, it can and I’ve seen it happen a time or …
Part Time Or Variable Employment Mortgages
Your employment status means more to a lender than you may think. Your status is a strong indicator of your employer’s commitment to your continued employment. There are many differences when it comes to variable income and part-time work for getting approved for a mortgage. In this blog post, I’ll explain what both of them mean, what the lenders want …