Every year that I have been in this industry we have seen an increase in the number of people using mortgage brokers to help them find the best lender for their situation. Part of the reason lies in the fact that the next generation of buyers is coming to the market and that generation has […]
Why are more and more people using a mortgage broker? Read More »
Buying a home takes some planning and preparation work before you get to the point of actually signing on the dotted line. Making sure what you can qualify for is the first step in making sure things go smoothly. Here’s what you need to have provided your mortgage broker so that he or she can
Home Buying Tips — How To Ensure Your Purchase Goes Smoothly Read More »
With an aging Canadian population and the baby boomers having suffered several financial setbacks over their life span, as recently as 2008, reverse mortgages are becoming more popular every year. Home Equity Bank, a Canadian Schedule 1 bank, has some of the best products available to Canadians over 55 who have a lot of equity
Pros and Cons of Reverse Mortgages Read More »
This is a bit of a loaded question as there are several steps to the process and most of them require the gathering of information. First and foremost is the actual process of gathering the qualifying information, this usually means contacting your employer and asking for a letter of employment and current pay stub, if
How Long Does It Take To Get Approved For a Mortgage in Canada Read More »
That’s a good question, I feel that most days my job is extremely multi-faceted, I’m not just helping you get a mortgage. Here’s some of the multiple roles I play. First and foremost as a mortgage broker I work for you the consumer, Secondly it is my responsibility to see that we are getting you
What does a Mortgage Broker do? Read More »
That’s a good question, I feel that most days my job is extremely multi-faceted, I’m not just helping you get a mortgage. Here’s some of the multiple roles I play. First and foremost as a mortgage broker I work for you the consumer, Secondly it is my responsibility to see that we are getting you
Your Check list for Mortgage Down Payment Verification Read More »
CMHC has brought to the forefront the need for affordable housing by allowing not only Vancouver and Toronto but for all of Canada to get a 100% offset for a secondary suite. The secondary suite has been discussed in every major city in Canada where housing affordability has been eroded by the high cost of
CMHC Allows 100% Rental Offset For Legal Suites — Is That Change Significant? Read More »
Self-employment or BFS is more and more common these days when your applying for a mortgage it’s important that we know your history and prior experience. This especially applies for those who have maybe moved from one profession to another to become self-employed. Lenders want to know the why and how of your back ground.
Tips for Self-Employed Mortgage (BFS) Clients Read More »
Occasionally you will see mortgage rates that seem too good to be true and sometimes they are but how do the lenders make these rates look so good. Here’s a list of things you should watch for when mortgage shopping that can make a mortgage rate seem lower: Mortgage rates can be made to appear
6 Essentials to Watch for During Your Mortgage Shopping to Lower Mortgage Rates Read More »
Getting pre qualified for a mortgage is different than just getting pre approved. Pre Qualifying is the process by where we actually gather your documents and work out exact numbers for you to go searching for a new home. First and foremost we need to collect your income information for the pre qualified process, this
Seven Items to Think about Before Opting for a Mortgage to Buy a New Home Read More »