Blog 15 May 2019 Proof of Income for Self-Employed Mortgage Mortgage approvals for those with stable employment have always been straight forward. These applicants for the most part, provide job letters and paystubs to confirm their income. As long as the information checks out through… nkad3
Blog 03 May 2019 When Should You Take a Second Mortgage? Second mortgages are probably the most contemplated type of mortgage. When should you take a second mortgage? … Is the major question. Well who is anyone to determine that for you? There should never be… nkad3
Blog 30 Apr 2019 First-Time Home Buyer with No Down Payment Being a first-time home buyer has many challenges in todays mortgage environment. In recent years, the Introduction of the mortgage “stress test” has but an added strain on the purchasing power of most first-time home… nkad3
Blog 19 Apr 2019 What is the Minimum Down Payment Needed When Buying a Home When you need to determine your minimum down payment requirements, using a mortgage calculator is the most accurate tool. You can simply Google ‘mortgage calculator’ for convenient and easy to use online calculators (there are… nkad3
Blog 31 Mar 2019 Mortgage Stress Test The mortgage stress test has been… well, stressful to say the least. Stressful for banks trying to meet targets, stress for mortgage brokers trying to get financing for clients, stressful for realtors and home owners… nkad3
Blog 22 Mar 2019 Top 5 Mistakes Made When Applying for a Mortgage The ‘top 5 mistakes made when applying for a mortgage’ is a really good topic to discuss. These mistakes happen frequently and to many mortgage seekers (over 50%), whether first time buyers or existing home… nkad3
Blog 08 Mar 2019 Tips for Mortgage Refinancing with Bad Credit There are a lot of reasons for exploring mortgage refinancing. Some of those reasons include; requesting more equity, seeking out a lower mortgage rate, consolidate debt, consolidate mortgages, paying out arrears, existing bank not willing… nkad3
Blog 28 Feb 2019 Recent Inquiry – First Time Home Buyer Question from caller: “I was a previous home owner, but I was wondering if could be considered as a first-time home buyer again? This is a very great question because there are different programs that… nkad3
Blog 22 Feb 2019 So You’ve Been Declined for A Mortgage By A Bank – Now What? If you’re looking to purchase or refinance (or possibly even pull out additional equity) and your bank has declined you due to bad credit, don’t worry! There are many institutions that will fund bad credit… nkad3
Blog 08 Feb 2019 Steps to Take to Get Approved For a Mortgage A mortgage approval consists of various steps that lead up to the approval itself, as well as steps that follow after the approval is given by the lenders. One of the initial steps in a… nkad3
Blog 11 Jan 2019 Mortgage Broker vs. Direct Lender Many people wonder what a mortgage broker does compared to just going directly to the lender. In fact, there’s a misconception that a mortgage broker is someone you go to when the banks say no.… nkad3
Blog 28 Dec 2018 Notice of Sale – What You Need to Know Power of sale (also referred to as notice of sale) can be a scary experience. Power of sale is the actionable response from a mortgage bank/lender with regard to mortgage arrears, non-payment or habitual late/missed… nkad3
