Mortgage FAQs

First Time Home Buyers Looking to the Mortgage Broker Channels

CMHC’s latest trends show that 48% of first time home buyers are looking to mortgage brokers for their mortgages. This reflects I believe the changing of the guard if you will, of how today’s generation believes that on line is the way to start your search. This is a change that is happening as their

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Tips for Self-Employed Mortgage (BFS) Clients

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.

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6 Essentials to Watch for During Your Mortgage Shopping to Lower Mortgage Rates

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

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Seven Items to Think about Before Opting for a Mortgage to Buy a New Home

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

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Let’s talk about Critical Illness Insurance for your Mortgage

What is Critical Illness Insurance? Have you ever known anyone in your life who has had a heart attack or cancer and survived? That’s what critical illness insurance is for if you have critical illness insurance on your mortgage and you survive your mortgage could be paid out. It’s hard to not think of someone

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Closing Costs — Are You Prepared for them?

Closing costs are one of the things that most first time buyers are unaware of; they are the costs of purchasing that come from the lawyers and the government when you purchase a home. The government in many but not all locations has something called land transfer taxes. The tax is applied to the purchase

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