Blog

June 9, 2020

The interest rate on your mortgage has a big effect on your monthly payment. Naturally, you want to get the lowest rate possible. Since it can take some time to finalize the sale of the home – especially when you’re building a home instead of buying a resale home –  it’s normal to worry about what rate you’ll end up with. Will interest rates go up while you’re shopping? If so, will you still be able to afford the home that you want? Read More

June 8, 2020

The Canada Mortgage and Housing Corporation announced a tightening of its underwriting criteria on Thursday. In this article, we will cover what these changes will mean to you, the importance of credit when buying a home, how to boost your credit score, and other great tips on how to qualify… Read More

May 19, 2020

The COVID-19 crisis has changed so much of everyday life that it’s hard to believe some things are carrying on as normal. You’re concerned about everything going on in the world around you, but the bills still need to be paid. Read More

December 13, 2019

When you’re shopping for a brand-new home, it seems like the sky is the limit. New homes seem to have almost unlimited configurations, and there are many upgrades you can make to have the home look just the way you want it. Of course, the more upgrades you choose, the higher the price of the home. The cost can quickly add up. Read More

December 2, 2019

Applying for a mortgage can be a lesson in patience. To get approval, you need to dot all of your I’s and cross your T’s. If you want your application to go smoothly, it’s best to be sure that you’re coming with everything the lender needs to make a decision. To make it easier for you, we’ve put together this list of the basics. Most of them are required whether you’re applying for a pre-approval or for the actual mortgage. If you already have the pre-approval, you may only need to bring some updated versions of the things that you’ve already submitted. Read More

November 8, 2019

To successfully invest in real estate, you need to pay careful attention to the numbers. Is a particular property affordable? Will you make money or lose money once you’re able to rent it out? Some people overestimate how easy it is to make money through real estate, and you don’t want to get in over your head. Read More

November 4, 2019

If you’re retired or are approaching retirement age, you’ve undoubtedly seen quite a few advertisements about reverse mortgages. Perhaps you’ve been thinking about whether it would be a good idea for you to access some of your equity to use toward everyday bills. Read More

October 18, 2019

What exactly is equity?

Equity is the value of your home minus the amount you still owe on your mortgage. It’s the amount of money you’d get if you were to sell your home today, but you can also usually borrow against your home’s equity if you’re in a pinch. You’ll have at least 5 percent equity on your home when you first buy it (from the down payment), but the more you can do to increase the equity, the better. Read More

October 16, 2019

Saving up a down payment can be one of the biggest challenges keeping you from achieving your goal of home ownership – but we have good news! There is a new program recently introduced by the Government of Canada, First Time Home Buyer Incentive Program (link to official website), or FTHBI, that will assist you and others looking to buy their first home! Read More

October 7, 2019

As you set out on your search for the perfect match in a new home, you’re also looking for a partnership with an experienced mortgage lender. As we all know, mortgages last a long time so you want to choose a lender that will suit your needs, both now and for the years to come. Read More