5 Key Points on Down Payment Verification

5 Key Points on Down Payment Verification

When you begin thinking about applying for a mortgage, it is important to discuss your down payment. All homes for sale in Canada require a minimum amount of money be paid before the sale goes through, and this is the down payment. Most buyers are aware that they need... read more
How Bankruptcy Affects Mortgages

How Bankruptcy Affects Mortgages

Bankruptcy is one experience none of us would wish for in life. Once it’s been dealt with, a person is left with questions about the long term effect of their ability to be approved for a mortgage. While it may feel like it’s not possible to recover financially, there... read more
What Happens When A Home Sale Falls Through?

What Happens When A Home Sale Falls Through?

Every homebuyer eagerly anticipates closing day. With the home purchase process completed, ownership of the property transfers from the seller to the buyer – you! Closing date is negotiated as a condition of sale. You’ll typically have several weeks between the date... read more
The CMHC Tax Increase

The CMHC Tax Increase

The Canadian Mortgage & Housing Corporation (CMHC) has announced they will be increasing their fees by over 10% in some cases as of March 17, 2017. As a homebuyer with less than 20% for a down payment, you may be wondering how the latest changes affect those... read more
How to Pay Off Your Mortgage Faster

How to Pay Off Your Mortgage Faster

Purchasing a home is likely the single largest investment that most of us make in our lifetime, and it can lead to a big debt for homeowners. The thought of making payments for the next 25 years or so may seem daunting, but there are ways to pay off your mortgage... read more
Got a Pay Raise and Still Don’t Qualify?

Got a Pay Raise and Still Don’t Qualify?

Owning a home and saying goodbye to your landlords is something many of us dream about often. It can seem straightforward to save a down payment, and after you get a raise you might think you’re finally ready. Take Bob, who thought he was doing everything right. Bob’s... read more