Key to Good Credit

You may have heard that the key to a good credit score is making payments on time. If you missed or have been late in making payments to your credit source, the key is to change that immediately. Repayment hostory impacts your credit score significantly. Past credit history makes up…

Refinancing Your Mortgage

Have you ever thought about refinancing your mortgage? Refinancing your mortgage can provide a great source of equity to use to pay down debt. It can allow you to use the funds to complete some home renovations or top up your investments. The Mortgage Refinancing Process The process is simple,…

ReAdvanceable Mortgage

A readvanceable mortgage may be unfamiliar however, if you wonder about accessing your homes equity, this is the best product. You can access as much or as little as you wish. You can pay less when borrowing and become debt-free sooner. It's all up to you. This is due to…

Separation Agreements

Separation agreements, they are the key component required when looking to purchase a home. In today’s world, mortgage and lender qualifications become complicated with a “separated” marital relationship status. If you're married or civil partners seeking a legal separation, decisions about the house and mortgage will form part of the…

Mortgage Fine Print

Many people overlook understanding mortgage fine print. Majority of consumers focus just on the interest rate they get for the term however, do not look at what the fine print could do for them. Let’s review a few things: 1. Prepayment options: There are many out there but here is…

Mortgage Meeting

Prepping for Your Mortgage Meeting Prepping for your mortgage broker meeting requires a little knowledge and a few documents. Understanding what it takes to get approved is very important. You will want to review a few areas to make sure you are ready. 1. Employment – You will need to…

Appraisal vs Inspection

Appraisal vs Inspection, what is the difference? An appraisal is completed by a certified property appraiser. It determine's the value of the property. It isn’t always required however it is the lenders choice. Appraisals are usually required when there is more than 20% down payment thus avoiding the insurance premium.…

Debt Payments

Debt payments when qualifying for a mortgage make a big impact in what you can afford to purchase. Lenders must use 3% of the balance on credit cards and personal lines of credit. Let’s look at a $10,000 credit card balance at 3% equals $300.00 per month as a minimum…

Low Rates!

Is it time to take advantage of low rates. If you took out a mortgage in 2016 and 2017, it might be time to explore an early renewal or refinance. Depending on what your mortgage penalty looks like, it might be worth it. We can add $3000 of your penalty…

Retirement?

Retirement, let us help you enjoy a financially stress-free retirement? Do you have the funds to live the retirement you’ve been dreaming of? If you’re like many Canadians, you may find yourself house rich but short on funds. The good news is that if you’re a homeowner who is 55+,…
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