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Below are a few scenarios I have recently seen and wanted to share.  Let’s face it, rejection sucks, but unfortunately, it’s part of life. But when it comes to mortgages it can shake up one’s future planning.  Knowing why it ...

Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate to a new property if you’re selling your existing home and buying a new one. Some of the big banks ...

On top of paying for your mortgage, property taxes, home insurance and so on, have you ever thought about saving for home maintenance repairs? Owning a home comes with unexpected costs, some of them are minor like replacing a leaking faucet, and some are major ...

If you’ve never heard of a monoline lender before, I’m not surprised. Monoline Mortgages lenders aren’t available through a bank; they are only accessible through Mortgage Agents & Brokers. Monoline lenders offer mortgages and nothing else, they don’t have any ...

So, you’ve decided to buy a home – this can be exciting and stressful all at the same time! Choosing the right professionals to work with you is key to making the whole process as smooth as possible. Realtors are ...

Congratulations if you have been pre-approved for a mortgage! Your pre-approval should have covered the following things: maximum spend on a home, discussions around affordable monthly mortgage payment, credit score, proper down payment history, funds for closing costs and rate ...

For the best possible mortgage rate and products, you need to have an excellent credit score. To ensure you’re setting yourself up for success, there are a few key things to keep in mind:  Make Your Payments On Time This ...

There are 4 key things that determine of you are ready to purchase your first home. Buying your first home is a huge financial commitment and there are some key indicators that you’re ready to buy.  If you are interested ...

Buying a home is one of the most emotional things a person will do. This can be amplified, in a competitive housing market where you feel obligated to bid over asking because you don’t want to lose out.  One of ...

Increasing Your Down Payment by Using Your RRSP If you are planning on purchasing your first home, you can withdrawal up to $35,000 from your RRSP as money for a down payment on your home. This program is called the Home ...

Given our current landscape, co-signing for a mortgage is becoming more and more common. With the economy right now, unfortunately even with a good income and sufficient funds for a down payment, you may not qualify for a mortgage which ...

Purchasing a home is one of the most important financial decisions you will ever make. When it comes to mortgages and how to finance, it can be confusing and overwhelming. To ensure your home purchase goes as smoothly as possible, ...

I’m sure you may be losing sleep if your mortgage renewal is set to happen in the next few months. The media continues to report that rates are increasing constantly, but fear not, there are options and it’s not as ...

What are you waiting for? Is all the negative media getting to you? Remember the media is like fast food, eat (watch) enough of it and you won’t feel great afterwards. Maybe it’s time to tune it out…  Yes, mortgage ...

What is a deposit? A deposit is the money included with a purchase contract as a sign of good faith when you offer to purchase a property. It’s the “consideration” that helps make up the contract and binds you to ...