The latest News and Updates in the world of Mortgages
There can be many reasons for having to get a private or B lender mortgage. Some of the main reasons are the following: Damaged or bad credit Past bankruptcy or consumer proposal No credit Thin Credit (Haven’t had credit for very long) Collections Etc There are many reasons a client or clients may need to get a higher priced mortgage …
I am going to go over an example of buying or refinancing a home with 20% or more in equity. Buying / Refinancing a home with 20% or more down payment allows you to choose several more options than if you did a lesser down payment. Here are the main differences: Amortization Lenders will allow you to choose a longer …
Here is a good introduction and some information on self employed mortgages. As a Sole Proprietor the basic guideline the banks go off of would be a two year average of your line 150 income. What that means is your income after all of your write offs showing on your notice of assessment line 150. So if your gross income …
Getting a home loan, whether you are refinancing or purchasing a new home can be a stressful process. My job, as your mortgage broker, is to make the mortgage process as simple and easy as possible. In doing this, the first step is to educate you on the process and what you need to do to qualify for a mortgage. …
You are preparing to purchase your new home! That is fantastic, exciting news! As excited as you and your family are, this home is a transition into the next home and more than likely you are planning on selling in the next 5 years to upgrade or move to another city. That’s all good, however, there are some things you …
