14 Dec

WHY CAN’T YOU PORT YOUR MORTGAGE?

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There are many things to consider if you would like to port your mortgage. Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you […]

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30 Nov

PRE-APPROVED FOR YOUR MORTGAGE… WHAT DOES THAT REALLY MEAN?

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Be sure to include a “subject to financing” in your purchase agreement! There is a myth out there that once you’re pre-approved for a mortgage, you’re good to go out and buy a home… with a no subject offer… DON’T do it! A pre-approval means that based on being able to PROVE (through documentation) your […]

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23 Nov

THE PROS AND CONS OF CO-SIGNING FOR A MORTGAGE

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Needing a co-signer or looking to be a co-signer for a mortgage? Read on! If you keep up on the news you know that qualifying for a mortgage is getting tougher and tougher. Someone who would have sailed through the application process 10 years ago could find themselves declined for a mortgage today. Often I […]

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16 Nov

THE DOWNSIZING DILEMMA

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To downsize, or not to downsize, that is the question? With almost 50% of homeowners ready to retire and wishing to stay in their home and 30% of those people with most of their money tied up in home equity, the downsizing dilemma is real. Can they afford to stay in their home or is […]

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9 Nov

BANK OR MORTGAGE BROKER?

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A mortgage broker works with various lender to get you the best option for you! Mortgages are like vehicles. A bank is similar to the brand, Ford or Toyota for example. How long you have a mortgage before it’s time to renew is like the model, a Fusion or Camry. The rate is similar to […]

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2 Nov

7 TIPS FOR BUYING YOUR FIRST HOME

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Be prepared when thinking of buying your first home! As a licensed Mortgage Broker, I am often asked “what do I need to know when buying my first home?” Everyone has their own aims and objects when buying their first home. As a Mortgage Broker, I specialize in making sure your financing is in order […]

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26 Oct

WHAT SHOULD COME FIRST, THE HOUSE OR THE CAR?

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Large purchases before applying for a mortgage can affect your chances of getting approved! So you just got a shiny new car, and now you want a shiny new home to go with it. Will that new car payment affect your mortgage pre-approval? The short answer… absolutely it will. Recently, I have encountered many people […]

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19 Oct

MORTGAGE INSURANCE 101

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3 main types of insurance available! For a first-time home buyer, the types of insurance surrounding a mortgage can be confusing, so it’s important to know what insurance covers what. There are 3 main types of insurance to know about when buying a home. Mortgage Default Insurance – If you put less than 20% down on […]

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12 Oct

WHAT TO LOOK FOR IN A MORTGAGE BROKER

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Are you needing a mortgage broker? Read on! Are you on the hunt for a mortgage broker? Or you need a mortgage broker but just don’t know it yet! Either way, this article is for you! First up, where do you find a Mortgage Broker? The easiest (and one of the best places to start) […]

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