Check this out- HOW TO IMPROVE YOUR CREDIT SCORE ?? HOW TO IMPROVE YOUR CREDIT SCORE When applying for any sort of loan, one of the most important metrics a lender is going to look at is your credit score. But what really is a credit score, who keeps track of it, and most importantly, […]

Check this out- WHAT’S INCLUDED IN A HOME PURCHASE AGREEMENT- New builds vs existing homes !! WHAT’S INCLUDED IN A HOME PURCHASE AGREEMENT While a home purchase agreement may seem simple and straight forward, there are many differences that you can encounter that can be a big surprise to first-time homebuyers. While you expect the […]

INCOME QUALIFIED- FOR THE MORTGAGE- Check this out !!   INCOME QUALIFIED There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: […]

MORTGAGE STRESS TEST – NOT THE BAD GUY- Check this out!! MORTGAGE STRESS TEST – NOT THE BAD GUY Ever since the federal government regulator, The Office of the Superintendent of Financial Institutions (or OSFI) brought in the Mortgage Stress Test, there was plenty of blame heaped upon it for slowing home sales and new […]

Check this out- 3 “RULES OF LENDING” – WHEN YOU APPLY FOR A MORTGAGE- with A BANK !! 3 “RULES OF LENDING” – WHAT BANKS LOOK AT WHEN YOU APPLY FOR A MORTGAGE Buying a home is usually the biggest purchase most people make and there are a lot of factors to consider. Our job […]

Check this out-WHAT IS AN UNINSURABLE MORTGAGE? With the mortgage rule changes in recent years, lenders have had to make some adjustments to their rate offerings. There are different tiers and rate pricing based on the following 3 categories: 1) Insured – a mortgage that is insured with mortgage default insurance through one of Canada’s […]

Check this out – RENOVATING? CONSIDER A REFINANCE PLUS IMPROVEMENTS !! RENOVATING? CONSIDER A REFINANCE PLUS IMPROVEMENTS Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the homeowner to access up to […]

FIRST TIME HOME BUYERS ?? Chk this out !! FIRST TIME HOME BUYERS Your First Home. What a THRILLING thing that is to think about!! One of the best parts about our job is helping individuals purchase their first home. We know that the process can seem daunting at first, but we have an in-depth […]

Check this out!! 5 REASONS WHY YOU DON’T QUALIFY FOR A MORTGAGE It’s not just because of finances. As a mortgage broker I receive calls from people who want to know how to qualify for a mortgage. Most of the time it comes down to finances but there are other reasons as well. Here are […]

What is – HIGH RATIO AND CONVENTIONAL MORTGAGES? Check this out !! There are two different types of mortgages when it comes to their balance in relation to the value of your home- high ratio or conventional. When you applying for a mortgage, lenders use a ratio called loan to value. Your loan to value […]