by Rakhi Madan | Nov 30, 2015 | First Time Home Buyer, Purchases |
If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements....
by Rakhi Madan | Nov 27, 2015 | First Time Home Buyer, Purchases |
A “Gifted” Down Payment is very common for first time buyers. Essentially, a buyer’s family member (usually very nice, warm and loving parents) will offer up money to go towards the down payment. Often this is done because their son or daughter doesn’t quite have...
by Rakhi Madan | Nov 24, 2015 | First Time Home Buyer |
Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really...
by Rakhi Madan | Nov 20, 2015 | Rates |
Not long ago, someone contacted us wishing to refinance their mortgage. They presently held a mortgage from one of the big banks. When this homeowner originally obtained her mortgage, the bank offered her a discounted rate of 2.99%. It matured in July of 2016,...
by Rakhi Madan | Nov 16, 2015 | Purchases, Refinance |
One of the biggest ways divorce can have an impact on your life is in regards to finances. Splitting up your assets can be both emotionally and practically difficult. Your home is most likely the biggest purchase you made with your former spouse, and it’s not...
