When applying for any sort of loan, one of the most important metrics a lender is going to look at is your credit score. But what really is a credit score, who keeps track of it, and most importantly, how can you improve yours? There are a few simple ways to keep your credit score […]

Will your Income Qualify you for a Mortgage? There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary income employees  […]

Be prepared! Recently I was finishing up a mortgage with a young couple who had just had a beautiful baby girl. I brought up the topic of mortgage and life insurance as well as getting a will written up. The response from the husband was that it was such a morbid topic and a real […]

Looking to get a lower interest rate on your current mortgage? A transfer/switch may be an option. Transfer/Switches are when you opt to transfer your mortgage to a new lender in order to take advantage of a lower rate. A transfer/switch does not include additional money to the existing mortgage balance owing, your mortgage amount […]

Not all mortgages are insurable. With the mortgage rule changes in recent years, lenders have had to make some adjustments to their rate offerings. There are different tiers and rate pricing based on the following 3 categories: 1) Insured – a mortgage that is insured with mortgage default insurance through one of Canada’s mortgage insurers, […]

A Refinance Plus Improvements can make a big difference! Read on. Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the home owner to access up to 80% of the fair market […]

First time home buyer? Read on! On March 19, the Federal Government announced the official 2019 budget. One major topic on the discussion table (and one we were all holding our breath for) was the discussion of affordable housing in Canada. So just what happened on “Budget Day?” Here are the highlights of the 2019 […]

Read on for information on minimum down payments! Are you looking for that new dream home, or anything that will get you out of your current rental property so you can officially become a homeowner? If so, what is the minimum amount you are required to put down? Below are three different purchase price categories. […]

See if you are ready to buy a house. Here are 7 signs that you’re ready to buy your first home… 1. You have saved enough for the down payment Most people think the biggest hurdle to overcome when buying a house is saving up a down payment. You normally need to save at least […]

You may qualify for tax rebates.  It’s getting to be that time of year when we are collecting our tax receipts to file taxes and hopefully get a nice cheque back from CRA. 1st time Homebuyer’s Tax Credit If you purchase a home in 2018 don’t forget to apply for the $5,000 tax credit. This […]