November 2018

When it comes to mortgage pre-approvals, the lender’s approach to under writing the application is always different than if you were to formally apply for a mortgage approval. Firstly, it is important to note that…

When it comes to mortgage needs, its true, most home owners visit their local bank. It seems convenient to do so since most of your financial holdings and accounts are typically with a specific bank.…

An interest only mortgage is right for you if it needs to be right for you. Yes, I agree that this sounds very wishy washy, but let me explain further. An interest only mortgage is…

There are several things you need to know before applying for bad credit mortgages. On the purchasing side, the biggest thing is that you have at least a 20% down payment available for the purchase…

Though not offered by all banks/lenders, it can really come in handy to utilize the option to prepay a mortgage (if/when the option in available). However, to avoid confusion, this blog will focus on two…

In our profession, we tend to get this question a lot. The housing market is a very tricky machine and it is very hard to predict the path it will take in the future. In…

This is right up there as one of the most commonly asked questions. Do I qualify for a 5% down payment? A 5% down payment is actually the absolute minimum that any buyer is required…

When most people consider getting a second mortgage, they are usually motivated by a specific need. For example, they may need some money to consolidate their other debts, or they might need some funds to…

Choosing a mortgage broker is an important first step when deciding to secure financing for a purchase or refinance. You want to make sure that the mortgage broker is experienced to find the best possible…

Are you annoyed with this term yet – the ‘mortgage stress test’? The mortgage stress test has been the talk of the town ever since January 1st, 2018 which is when the rule first came…