Buying a Home as a Millennial
For many young people, owning a home is a daunting and seemingly impossible achievement. With the housing market continuing to rise, things may not look so good for first time home buyers. Luckily for millennials, job prospects are improving and mortgage rates are at...
Bank vs. Mortgage Broker
So you have found the perfect first home, congratulations! After the long search, it may seem like the hard part is over. But in fact, the next step of finding a mortgage can be an overwhelming process. While some home buyers rely on their banks to help them set up a...
3 Tips to Help You Lower Your Credit Card Payments
As many people know, it isn’t too hard to get into trouble when using a credit card. Having high credit card debt can hinder your mortgage approval chances. When managed well, credit cards can be very helpful, but with an average interest rate of 19.99% if you start...
How Are Mortgage Interest Rates Determined in Canada?
Your home is one of the largest purchases you will make, and usually with this purchase comes a mortgage. Many Canadians know that they want a good deal on their mortgage, but they aren’t sure how to get it or where to start. Getting a low-interest mortgage rate is a...
My Role as a Mortgage Broker
Buying a home can be stressful, but it is very much worth it when you end up with your very own place. To help you get through this sometimes confusing process, you need an experienced mortgage broker to guide you through the financing steps. That’s where I come in!...
A Mortgage is More Than the Rate
So, you are ready to buy a new home! You have found the perfect property that checks off all your boxes, and most importantly it is the right price. The next step is to get yourself a mortgage set up, but a mortgage is much more than just a loan. Amongst the stress of...
The Two Types of Penalty Calculations
One of the most daunting things about a mortgage can be the penalties you may incur if you don’t follow the contract, and this often scares many homeowners. Unfortunately since you have signed and agreed to the conditions, breaking of the contract means you must pay...
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...
Stop Reading the Newspaper if You Want to Buy a House
Newspaper articles about home buying can be misleading for those who are considering buying a home in the future. Here are the reasons why I advise you to stop reading the newspaper if you want to buy a house: A typical newspaper article might suggest that the average...
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...