Below you'll find a list of all posts that have been tagged as “mortgage process”
If you’re hoping to buy a condo or a townhome, it’s important to understand the strata and what it entails. In this blog post, I’ll cover everything you need to know about buying a property with a strata. From what strata fees are, what documents look like, subjects including stratas and how they are paid. Once you finish reading this, …
You’re ready to buy the house of your dreams. You have a house you want to put an offer on, you’re ready and you’re excited. But, first, we have to make sure you have your mortgage down payment right and that it’s enough. Banks are very specific on what they want to see for a mortgage down payment, depending on …
I may be biased, but I truly believe Canada is a beautiful place to call home. From the weather to the opportunities, more and more people are moving here from other countries. Luckily for them, we have several mortgage programs to fit that situation and help these newcomers purchase a home here. In this blog post, I’ll be going over …
Are you interested in learning more about conventional mortgages and how to get a Home Equity Line of Credit (HELOC)? It can seem pretty daunting if you don’t have experience with real estate, or have friends and family who have gone through the process themselves. There are so many things to know, terms to understand and financials to consider. Thankfully, …
In this post I am going to talk about mortgage bridge loans, used for buying another property before your current property sells. We’ll cover what bridge loans are, and the difference between purchasing a home with and without a bridge loan. Let’s get started! What is Bridge Financing in Canada? In Canada, bridge financing means acquiring a loan that’s …
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 …
Who should you go with for a mortgage, your bank or a mortgage broker? That’s the question I’ve been asked the most in the past eight years of being in business! I never get tired of answering it though because a lot of people don’t know the benefits of using a mortgage broker compared to just going with their bank. …
Choosing the right mortgage broker is a huge decision during the home buying process. There are several big-ticket items that people should consider when deciding on who to use as their mortgage broker. In this article, I’ll share 5 things to consider and share where I place on all of these as well. 1. Education and experience. When you …
There has never been a good time to miss a mortgage payment. While Canadian lenders stepped up and offered mortgage deferrals to those affected by COVID-19, there are still homeowners unable to make their mortgage payments. According to Canadian Mortgage Trends, one in 20 homeowners said they missed a recent mortgage payment due to the pandemic. The survey from Forum …
Non-traditional mortgage options are becoming more popular these days following mortgage insurance and qualification changes. Implemented by the federal government, these changes have made it increasingly difficult for many Canadians to buy a home, particularly first-time homebuyers. One such option is a vendor take-back mortgage (VTB). With this solution, the seller extends a loan directly to the buyer. A VTB …
