When to Contact a Mortgage Broker? Facebook Instagram Youtube Linkedin The simplest answer is ASAP! Don’t get me wrong, reaching out at any time during the process is great, however the BEST time would be prior to viewing too many homes. This will avoid wasting your own time and your realtor’s time. Getting pre-approved will …
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The Big Five banks offer a range of financial services, including mortgages, but there are also “monoline lenders” that specialize in mortgage financing only…
The stress test applies to everyone. If you have a have perfect credit and 20%+ down payment, you’ll still have to go through it to secure a mortgage. So how is the stress test rate determined? The lender will use…
Buying your first home is one of the largest purchases you’ll make, so it’s prudent to gain an understanding of the programs available and how they can save you money.
Though they are often used interchangeably, there are very distinct differences between a co-signer and a guarantor in terms of rights and responsibilities; one should not be confused with the other.
Sometimes, the closing date for the new home is before the closing date of the old home, leaving you with no proceeds from the sale with which to finance the down payment. Luckily, there is a financial tool available called bridge financing…
Circumstances may have left you with no choice but to sell your old home before moving into your new one. While on the outset this may seem like a dreaded undertaking, there are options available to help you make the transition smoother.
Sometimes, the only way to obtain the funds for a down payment is through borrowing. Luckily, there are programs available which allow homebuyers to purchase a property with zero down payment…
Before shopping around, it’s essential to understand the different types of lenders that exist to fund mortgages in Canada – doing so will ensure you’re able to obtain the mortgage most suitable for your needs.
Without a doubt, a poor credit rating will severely limit your ability to obtain financing. Luckily, there are many ways to repair your credit. All you need is time, discipline, and perseverance. If you want to know how to rebuild, here are 10 things you can do right now.
