Why Consider A Reverse Mortgage?
As a seasoned mortgage agent, I am deeply committed to helping individuals like you achieve their homeownership dreams. Over the years, I’ve witnessed the transformative power of mortgage solutions, and one option that often piques curiosity and sparks questions is the reverse mortgage. In this comprehensive guide, we will delve into the world of reverse […]
What the new Canadian mortgage rules really mean for homebuyers
The Office of the Superintendent of Financial Institutions (OSFI) is now setting new rules for mortgage lending, which come into effect January 1, 2018. What this means is that there will be a new minimum qualifying rate, known as a ‘stress test’. This is utilized for uninsured mortgages, meaning it affects buyers who have down […]
Banks vs. Mortgage Brokers
In the past, people looking to buy property would rely solely on banks for their mortgage needs. However, it is now possible to work with a licensed mortgage broker who has access to multiple lenders and mortgage rates. In order to be well informed about the mortgage process, it’s important to discuss the key differences […]
Recently Married and Buying a Home? We’ve got some helpful tips!
After all the wedding planning, it may seem overwhelming to focus on purchasing a home. However, you can simplify this by planning a budget that will allow the process to go smoothly. Here are some tips and advice to make the process more straightforward. The process of creating a budget is imperative. This will determine what […]
10 Things To Consider Before Availing a Mortgage
Availing a mortgage is a significant financial decision that requires careful consideration. Whether you’re a first-time homebuyer or looking to refinance, you must be well informed before committing to a mortgage. This guide presents ten crucial factors to consider before obtaining a mortgage, ensuring a confident and successful home financing journey. Assess Your Financial Health: Start […]
Fixed Rate Vs. Variable Rate Mortgage
The decision to choose a fixed or variable rate is not always an easy one. It should depend on your tolerance for risk as well as your ability to withstand increases in mortgage payments. You can sometimes expect a financial reward for going with the variable rate, although the precise magnitude will ebb and flow […]
Getting a Mortgage Pre-Approval
If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. The mortgage […]
Financing for the Self-Employed
Although the financing rules for self-employed individuals have changed in the last few years, the good news is that obtaining a mortgage has actually never been easier! The issue many self-employed individuals face is that the 6 big banks can no longer provide financing to someone who is self-employed unless their income is confirmable. However, […]
How Important is your Credit Score?
In Canada, there are two credit reporting agencies, Equifax and TransUnion. These agencies create credit reports and credit scores for Canadian Consumers based on the information that creditors supply them. Here are some of our suggestions on how to attain a speedy credit score boost: First things first, you should pay down your credit cards. We recommend paying […]
Refinancing Your Home
Did you know you can combine all your high-interest credit cards and car loans into a low-rate mortgage? As many of you are aware, consolidation of debt is the most effective way to improve your family’s cash flow, lower your interest rate and improve your credit score. If you are carrying an excessive amount of debt […]
