If homeownership is something that is important to you, our 7 tips to get approved for a mortgage will help you get there. The home-buying process can be stressful but working with the right team can make it much easier. The key is being prepared by getting your finances in
Read MoreGDS/TDS Ratios Explained When qualifying for a mortgage, lenders look at your debt service ratios. This tells lenders exactly how much you can afford to borrow for a new home purchase. It is a good idea to understand how lenders calculate the maximum amount you can qualify for. The two
Read MoreNeed cash now? Elevated home prices mean homeowners have increased the equity in their homes. If you need to tap into your home equity and get access to cash now, an equity line of credit or HELOC is one of the best options on the market right now. A HELOC
Read MoreIs now a perfect time to refinance your home? There really is no perfect time but really depends entirely on why you want to refinance your home and whether or not you are financially prepared to do so. You might refinance your home to get a lower rate, access equity
Read MoreAre you considering selling your home? Your first thought is to speak with a real estate agent but with all the financing changes it makes sense to speak with an independent mortgage broker. Talking with your mortgage broker might not sound like the most logical place to start, but below
Read MoreWith spring/summer approaching quickly, now is the perfect time to consider scheduling your yearly mortgage checkup. Spring is a popular time for a mortgage refresh. It’s also the most common time of year to buy or sell a property. There is no charge or obligation for having a Mortgage Professional
Read MoreConditional 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 MoreAre 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 MorePrepping 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 MoreAs you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At
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