Below you'll find a list of all posts that have been tagged as “obtaining a mortgage”
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 …
Every time you’re in the market for a new mortgage, it’s beneficial to spend as much time considering your options as you did for your very first mortgage. This will ensure you save the most money possible throughout your mortgage term. A number of different factors such as the rate, term, amortization period, and prepayment will determine which mortgage is …
As is the case with many aspects of our lives, securing a mortgage on a new or existing home can be a lot less stressful – and a whole lot more straightforward – when we’re prepared. There are many common mortgage mistakes people make that are easily avoidable when you know the facts. Here are the top three mistakes and …
Have you immigrated or relocated to Canada within the past five years? Whether you’re a permanent resident or in the country on a work permit, I have access to some great specialty mortgage solutions with affordable down payment options. If the property value of the home you’re looking to buy is below $500,000, you can make a purchase for just …
Stress test mortgage qualification requirements that were introduced last year have resulted in many more Canadians becoming familiar with private mortgage options out of necessity. Prior to this change, many borrowers viewed the world of private lending as somewhat of a mystery. Private mortgages have been around for years, but they were often reserved for people who had credit or …
