Small wooden block house and silver key sitting on paperwork, highlighting credit scores and mortgage programs

Different Credit Scores and What They Fit For Mortgage Programs

Matthew Jackson Mortgage Tips

Credit is more important now than ever before. Equifax and Transunion recently changed how they calculate your credit score, with very good credit getting even higher and not so great going lower in most cases. I cannot explain exactly what they changed other than their formula for calculating, and that they put more emphasis on delinquencies and also positive factors …

Man holding a toy bridge with a plastic model house and calculator in the foreground, referencing Mortgage Bridge Loans

Mortgage Bridge Loans

Matthew Jackson Mortgage Tips

In this post I am going to talk about mortgage bridge loans, used for buying another property before your current property sells. Bridge loans are typically used to cover your down payment for a new property before your current property selling.   Purchasing Without a Bridge Loan Fee-wise, the cheapest option from the bank is for you to sell your …

Front garden with a red 'for rent' sign near entrance, highlighting buying a rental property

Buying A Rental Property

Matthew Jackson Mortgage Tips

I wanted to write about buying rental properties as it is getting more difficult each year to buy them. This will focus on clients who have less than 4 or 5 rental properties To start, most banks will only allow you to own up to 4 or 5 rental properties plus your owner occupied property. Doesn’t matter if the properties …