Many Canadians dream of owning their own home, but with an increasingly competitive housing market and the rising cost of living, many find that dream might be beyond their reach. To help middle-class Canadians purchase either their first home or a home for a relative with a disability, the Government of Canada has the Home […]
Read More… from Your Guide to the Recently-Announced Federal CMHC New Home Buyer’s Plan
‘Tis the season for sharing, family, giving, and unfortunately, overspending! If one of your 2019 goals is to buy a property, keeping debt loads in check in more important than ever. The impact of non-mortgage related consumer debt on mortgage qualifying is definitely not something anyone can afford to ignore. Qualifying for a Mortgage Isn’t […]
Read More… from How Debt Stacks Up Against Mortgage Approval
Mortgage brokers are an invaluable resource to borrowers. Mortgage brokers possess a wealth of information, in-depth product knowledge, and have access to the most competitive mortgage rates and products. This puts mortgage brokers in a position that lets them help their clients achieve their financial and homeownership goals. Some of the advantages of choosing a […]
We get asked a lot of questions, and we are happy to help you find the answers. To help you find the answers you need we will address our four most frequently asked questions in this post. Are Mortgage Brokers Free? For most residential transactions, the cost of getting a mortgage through a mortgage broker […]
Getting Approved for Your Mortgage: How to Keep It Fast and Simple Whether you’re a first time home buyer or a seasoned veteran, the application and approval process can be intimidating if you aren’t prepared. A little bit of preparation can go a long way by reducing stress and moving the mortgage approval process along […]
There are two most common types of mortgages: Fixed-rate mortgages and variable or adjustable rate mortgages. They both have their strengths. Before you begin house hunting you should sit down with your mortgage broker and determine which type of mortgage is best suited to your unique financial needs and goals. Fixed Rate Mortgage A fixed […]
Whenever you make a real estate purchase a down payment is required. If you are planning on purchasing your first home you may be wondering how much money you should set aside for your down payment, and where that money can come from. There is no “rule” that specifies how much the perfect down payment […]
Updated: November 26, 2019 Before you sell your home, you will have to decide what to do with your current mortgage. There are three possible options: porting your mortgage, assuming a new mortgage, or breaking your mortgage. You need to understand what each of these options entails so you can better decide which is best […]
Read More… from Porting, Assuming, or Breaking A Mortgage: What You Need to Know
Updated January 9, 2020 When buying a home in Alberta you need to budget for more than just your down payment – you’ll also need to account for your closing costs. Closing costs can add up to anywhere between 1.5% and 4% of the final purchase price of the home and must be paid with […]
When you’re looking to get a mortgage you’ll likely to end up at either a bank or a mortgage broker through a mortgage brokerage. While both are able to provide you with the mortgage you’re looking for how they go about it can be very different. What is a “Banker”? A banker is someone who […]
Read More… from Banker vs Mortgage Broker – What’s the Difference?
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