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

10 things NOT to do when applying for a mortgage – buying a home or refinancing Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. Be sure to avoid these 10 things below or […]

Mortgage Payment Options… Which is the Best Option for Your Situation? Once your mortgage has been funded by your lender, you need to decide on how frequently you want to make your mortgage payments. Most people want to pay off their mortgage as quick as possible to save paying interest. We’ll discuss various mortgage payment […]

Mortgage Insurance 101 When you purchase a property, you may be a little overwhelmed by all the insurance offers related to the purchase of said property. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing, and it is important to know what insurance covers what. […]

Understanding how Bridge Financing Works Sometimes in life, things don’t always go as planned. This could not be truer than in the world of Real Estate. For instance, let’s say that you have just sold your home and purchased a new home. The thought was to use the proceeds of the sale of your house […]

Home Equity Line of Credit in Canada vs. Reverse Mortgages In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But […]

Advice and options mean you’re in control Today, you and your spouse go looking for a new home. You’re excited because after years of scrimping and saving, you can finally afford your own place. You’ve engaged a realtor and he’s called you to say that he’s found your new home. You visit the property and […]

4 Common Financial Mistakes Every Small Business Owner Should Avoid Every entrepreneur and business owner will make a few financial mistakes during their journey. Those who aren’t savvy in accounting often overlook the need to brush up on their financial IQ. Truth is, these little financial errors can lead to some serious cash flow problems […]

You just got a mortgage. Now what? Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized […]

How to Get a Mortgage After Bankruptcy Bankruptcy is always the last resort-and it’s never easy or comfortable. However, sometimes it is the only option to turn to when life throws you something unexpected. The lasting impression it can have on one’s financial profile though can be overwhelming. If you have bankruptcy in your past, […]