Edmonton Mortgage Broker

0

Conditional Mortgage Approval

Conditional Mortgage Approval What does conditional mortgage approval really mean? Conditional mortgage approval is when a lender approves a mortgage based on the information, they receive from a mortgage broker. When they issue a commitment it comes with conditions. If the conditions are satisfied, such as income verification and down

Read More
0

Are you ready to get out of debt?

Are you ready to get out of debt? Debt is something most Canadians carry. Getting out of debt provides both financial and emotional relief so eliminating the debt allows a fresh start. Let’s say you own a home for 7 years and carry 2 credit cards, one for 5,000, one

Read More
0

What is an Insured Mortgage?

An insured mortgage is when there is less than a 20% down payment on a property. An insured mortgage (often referred to as a high-ratio mortgage) is one that is covered by mortgage default insurance. The default insurance is paid by the consumer. It is usually added to the mortgage

Read More
0

Home Buying Process

The home buying process shouldn’t start by visiting a bunch of open houses or show homes. It should start with a personalized mortgage plan and include a budget. This is why your first step should be after deciding that you want to purchase a home is to seek a mortgage

Read More
0

Credit Challenges

Mortgage Professionals can help guide clients with credit challenges, check out a few of our tips.

Read More
0

Key to Good Credit

Key to a good credit score is based highly on repayment history.

Read More
0

Separation Agreements

Separation agreements, they are the key component required when looking to purchase a home. In today’s world, mortgage and lender qualifications become complicated with a “separated” marital relationship status. If you’re married or civil partners seeking a legal separation, decisions about the house and mortgage will form part of the

Read More
0

Mortgage Fine Print

Many people overlook understanding mortgage fine print. Majority of consumers focus just on the interest rate they get for the term however, do not look at what the fine print could do for them. Let’s review a few things: 1. Prepayment options: There are many out there but here is

Read More
0

Mortgage Meeting

Prepping for Your Mortgage Meeting Prepping for your mortgage broker meeting requires a little knowledge and a few documents. Understanding what it takes to get approved is very important. You will want to review a few areas to make sure you are ready. 1. Employment – You will need to

Read More
0

Appraisal vs Inspection

Appraisal vs inspection, what is the difference.

Read More