by Rakhi Madan | Sep 5, 2024 | First Time Home Buyer, Purchases |
When you prepare to purchase a home in Brampton, Toronto, or the GTA, be aware that a key step in the mortgage process is your downpayment verification. This is where your lender will ask you to provide a 90-day history of all the funds you plan to use for your...
by Rakhi Madan | Aug 6, 2024 | First Time Home Buyer, Purchases, Refinance |
The mortgage stress test can be a challenging hurdle for homebuyers, but it’s an unavoidable reality for anyone looking to purchase a home in Brampton, Toronto, or the Greater Toronto Area. Introduced by OSFI and the Department of Finance to ensure borrowers can...
by Rakhi Madan | Jul 3, 2024 | First Time Home Buyer, Purchases, Qualifying |
The dream of owning a home is a significant milestone. Still, it’s a substantial commitment and investment, and it should be a decision made when you’re genuinely ready, both financially and emotionally. While history has shown that property ownership can...
by Rakhi Madan | Apr 2, 2024 | First Time Home Buyer, Purchases |
In the exciting journey of purchasing a home, there are key factors beyond the surface that often go unnoticed. Understanding these nuances can make all the difference in ensuring a smooth process and minimal surprises after your home closes. What lesser-known aspects...
by Rakhi Madan | Mar 5, 2024 | First Time Home Buyer, Purchases, Qualifying |
With expectations of lower mortgage rates on the horizon, homebuyers are gearing up for what promises to be a robust spring housing market. As anticipation builds, many prospective buyers are eager to seize the opportunity to secure a mortgage and purchase their dream...
by Rakhi Madan | Feb 4, 2024 | First Time Home Buyer, Purchases, Renewal |
While nothing is certain, Bank of Canada cuts to the overnight rate are on tap for 2024, possibly starting in April. The strong potential for rate cuts has made variable and adjustable mortgages a top consideration for some homebuyers and homeowners because these...
