Below you'll find a list of all posts that have been tagged as “line of credit”
Do you have little to no credit, damaged credit or are just starting to build your credit? If so, this is the blog post for you! Being a mortgage broker, I have seen a lot of people in these situations. It’s never easy to build your credit when first starting out and it can sometimes take years to establish even …
As you go through the process of buying a home, you will be hearing a lot about credit scores. If your credit score is something you’ve never really paid much attention to, you’re going to have to change that! In this blog post, I’ll be focusing on what most banks want to see for credit when you’re applying for a …
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 …
You always hear about how important it is to have good credit. But, for a lot of people, they aren’t aware of how to get there. When you’re looking to buy a home in Canada, it’s crucial that you understand the importance of establishing and maintaining good credit. In this blog post, I’ll explain what good credit looks like to …
First time home buyers, this is the blog post for you. Firstly, I want to say congratulations on making the decision to purchase your first property. Above anything else, this is an exciting time in your life and I want to provide you with all of the information you need. You may have heard that buying your first home can …
Your home is a valuable investment. It offers a place for you and your family to live, grow and prosper. It also offers flexibility in terms of building equity. Here’s how to take advantage of the financial benefits. Taking Advantage of Home Equity Whether you’re looking for extra cash to cover renovations or repairs, or looking to consolidate high-interest unsecured …
The onset of warmer spring temperatures brings with it the chance for a fresh start. For many homeowners, this means a thorough spring cleaning of the house and yard to get ready for patio season and entertaining. But, it’s equally important to conduct a spring checkup on your mortgage as well. So often, homeowners lock into a mortgage term and …
Now that spring’s in the air, many homeowners are thinking about tackling home improvements or full-on renovations from their to-do lists. If you’re planning some renovations this year and you’re looking to free up funds to support your projects, I have smart financing solutions to offer. Smart Financing for Renovations The first step in smart financing is to plan ahead. …
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 …
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 …
