The latest News and Updates in the world of Mortgages
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 …
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 …
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 …
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 …
For homeowners, there may come a time when refinancing mortgages of your properties will be something you need to consider. Owning a home allows you the opportunity to build credit, grow equity and invest in your future. As a homeowner, it’s important to understand all aspects of refinancing a mortgage. In this blog post, we’ll discuss what a mortgage refinance …
You always hear about how important it is to have good credit. But, for a lot of people, they aren’t aware of how to get there. When you’re looking to buy a home in Canada, it’s crucial that you understand the importance of establishing and maintaining good credit. In this blog post, I’ll explain what good credit looks like to …
Who should you go with for a mortgage, your bank or a mortgage broker? That’s the question I’ve been asked the most in the past eight years of being in business! I never get tired of answering it though because a lot of people don’t know the benefits of using a mortgage broker compared to just going with their bank. …
Getting a mortgage while having a previous bankruptcy or consumer proposal can be difficult. While some banks won’t even consider giving you a mortgage, some lenders will provide you with a mortgage under certain conditions. In this blog post, I’ll discuss the difference between a bankruptcy and a consumer proposal and what conditions you’ll have to comply with when you …
British Columbia is beginning to open back up after the COVID-19 pandemic. It’s been over a month since BC announced it was taking the next step in the province’s restart plan. Since this announcement, I’ve been receiving many questions about what this means for mortgages and those people looking to buy a house this year. I thought it would be …
First time home buyers, this is the blog post for you. Firstly, I want to say congratulations on making the decision to purchase your first property. Above anything else, this is an exciting time in your life and I want to provide you with all of the information you need. You may have heard that buying your first home can …
