Below you'll find a list of all posts that have been tagged as “down payment”
Getting pre-approved for a mortgage before you head out and look for houses is something I highly recommend. It will enable you to know the price range you should be approved at when you make an offer on a property that you love. Going into looking for a property blind, without knowing your approval rating, could set you up to …
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 …
While there seems to be a virtually endless supply of real estate listings available when you’re searching for your perfect place to call home, finding the right property that meets both your functional needs and your budget is not always an easy task. You may find a house with the perfect layout in your ideal neighbourhood, but the interior needs …
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 …
Banks are very specific on what they want to see for a mortgage down payment, depending on how the payment was obtained. In this post I am going to share how banks like to see your mortgage down payment, and what they will or will not accept. It sounds simple, show them your bank statements and everything is good to …
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 …
