Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member has gone through the process. Regardless, do you truly know what it means to take out a second mortgage? We have taken all the questions […]

Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the mortgage broker has reviewed and approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers will say you’re approved before even checking your credit […]

There is a lot of misinformation floating around about credit bureaus, credit reports and credit scores. Not only that but a large amount of the clients I work with have never even seen their credit report or score! I’d like to shed a bit of light, as they say, on the importance of your credit score […]

If you have ever sold your home in order to help with the purchase of your next home, chances are you have heard of bridge financing. Bridge financing is an option available to homeowners if they find themselves in a little bit of a pinch when it comes to two different completion dates. A situation […]

For many people in Canada, they are first-time home buyers. Or if they are new to Canada, it’s their first home purchase in a new country. They may not be aware of the rules and guidelines. It’s the job of your mortgage broker to make you aware of what is expected of you to avoid […]

I have had all sorts of clients over the years since I started as a Mortgage Broker. Every once in a while I get someone who has a car loan and a couple of credit cards but there’s also a collection from a credit card, a dentist or some other creditor. When I ask why […]

Have you ever wished for a simplified guide on how to increase your credit score? Well, today is your lucky day! Through years of experience working with individuals who come to us with bruised credit, we have found 7 steps that prove to be tried and true in fixing it. First off—why are we so […]

Recently, two of my lenders came out with new products – Interest-only mortgages. We have had these available from private lenders for many years but at much higher interest rates. They are useful for real estate investors and people who have consolidated debts and need six months to a year to get back on their […]

Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts to the point where you’re now at a place of financial […]

This post applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. But what about all the economists saying if you are currently in a variable rate mortgage then you should rush to ‘lock-in’? You mean the economists that are employed by profit-driven […]