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 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...
by Rakhi Madan | Nov 14, 2015 | First Time Home Buyer, Purchases, Refinance, Renewal |
Okay, so here we are… we have worked together to secure financing for your mortgage. You are getting a great rate, favourable terms that meet your mortgage goals, the lender is satisfied with all the supporting documents, we are broker complete, and the only thing...
by Rakhi Madan | Nov 10, 2015 | Purchases, Refinance |
Have you ever needed to get out of your mortgage before the maturity date? It can be a confusing and surprising experience. Don’t forget that your mortgage is a legal contract, therefore, like most contracts it is expected that it would cost you something to break it....
by Rakhi Madan | Oct 20, 2015 | First Time Home Buyer, Purchases |
Beware of the term PRE-APPROVAL! Here are some facts: Pre-approvals mean something different to every mortgage professional and lending institution For mortgage approvals both the applicants AND the property they are buying need to be adjudicated and approved before...
