Below you'll find a list of all posts that have been categorized as “Mortgage Tips”
If you’re in the market to buy a home, you’ve likely been conducting a lot of research. You’ve looked into the various types of homes available, possible listings in your desired area, financing and documentation requirements, as well as the different types of professionals who will make up your homebuying team This includes the more obvious experts, such as your …
Every time you’re in the market for a new mortgage, it’s beneficial to spend as much time considering your options as you did for your very first mortgage. This will ensure you save the most money possible throughout your mortgage term. A number of different factors such as the rate, term, amortization period, and prepayment will determine which mortgage is …
As is the case with many aspects of our lives, securing a mortgage on a new or existing home can be a lot less stressful – and a whole lot more straightforward – when we’re prepared. There are many mortgage mistakes people make that are easily avoidable when you know the facts, including the following three examples. Mistake #1: Failing …
There’s no doubt that buying a home is among the largest financial investment you’ll make throughout your lifetime. That’s why it’s important that the proper financing process is followed and you fully understand your obligations as a borrower. If you’ve already had a mortgage, you’ll remember the stack of paperwork you’re directed to review before you sign. And, if this …
That’s right! In a time when so many people are openly posting about their lives online – from blogs and websites to Facebook and Instagram – it’s important to keep in mind that too much information at your lender’s fingertips can negatively impact your chances of getting a mortgage. As part of their research into whether they should lend you …
If you’re buying your first home, all of the various expenses rolled into the term ‘closing costs’ can seem overwhelming. Closing costs include all legal and administrative expenses you’ll be responsible for paying on or near your home’s closing date. It’s important to include these costs in your budget because, in most cases, they can’t be rolled into your mortgage …
No matter how prepared you feel when your marriage breaks down, navigating a separation and then a divorce is an emotionally draining experience – regardless of who initiated the process. Separation and divorce can also be expensive as you begin dividing your finances and assets. But getting an early start on these proceedings can save you a lot of time, …
Have you immigrated or relocated to Canada within the past five years? Whether you’re a permanent resident or in the country on a work permit, I have access to some great specialty mortgage solutions with affordable down payment options. If the property value of the home you’re looking to buy is below $500,000, you can make a purchase for just …
Stress test mortgage qualification requirements that were introduced last year have resulted in many more Canadians becoming familiar with private mortgage options out of necessity. Prior to this change, many borrowers viewed the world of private lending as somewhat of a mystery. Private mortgages have been around for years, but they were often reserved for people who had credit or …
Traditionally, when you’re self-employed and applying for a mortgage, you’ll likely face more obstacles than someone who earns a regular salary through an employer. If you can prove your income, show you’re up-to-date on your taxes and you have solid credit, however, your chances of being approved for a mortgage are greatly improved. Self-employment numbers continue to grow steadily. Statistics …
