Below you'll find a list of all posts that have been tagged as “cosigning”
For some people, it may seem like getting a mortgage is essentially impossible. But, I’m here to tell you that isn’t always the case! Whether you’re a student, transitioning to a new job or you just don’t fit the bank’s guidelines, getting a mortgage may still be in the cards for you. You’ll just need a little help from your …
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 …
There are some substantial changes arriving on January 1, 2018 that will make it more difficult for anyone looking to purchase or refinance their property with 20% or more down payment or equity. FICOM is implementing a rule change that make it so when anyone in Canada looking for financing at 20% and above equity would need to qualify under …
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 …
Hey everyone, I know I am a little late to the party on this one but its taken a while to figure out exactly what BC Housing wants when a client submits to them as they are very picky and also the best ways to position this at lenders. BC Home Owner Mortgage and Equity Partnership Here is the purpose …
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 …
