When I work with clients on their mortgage pre-approvals, there’s one key component I like to stress. Buying at the top end of your pre-approval budget could be setting you up for tighter expenses and stress down the road. Being…
There are a lot of things we do regularly; change the oil in our vehicles; go to the dentist; get a haircut. But, when was the last time you checked your credit score? Most people check their credit score when…
Recently, I got the question, “should I buy a house now or wait six months?” With the current state of the economy, there is anticipation that home prices may drop in the future. But, we’ve also seen mortgage rates…
One of the biggest misconceptions of using mortgage brokers is that brokers place their residential mortgages with private lenders and not banks. Have you heard of this before? Well, of all the mortgages I’ve completed in my 12+ year career…
When there’s a lot of news about rising interest rates, I tend to get a lot of calls about what my lowest mortgage rates are. While searching for the lowest interest rate is fine, finding the right mortgage isn’t always…
How do you actually know when you are ready to be a homeowner? Many people will say that homeownership is one of the greatest investments you can make. And while those people aren’t wrong with that statement (if you do…
As first-time homebuyers, shopping for a home can be overwhelming if you don’t know where to start! But, as I like to say, it’s all about making mortgages (and the home buying process!) simple. Over my 18 years of experience…
Why do Lenders ask for Employment letters? Checking for employment letters might seem like just one more piece of paper, but it’s important. It’s due diligence. And it works on your behalf. A borrower will provide employment letters if requested…
Last week (Oct. 2016), the Federal government announced tighter mortgage rules that will affect home buyers, especially First Time Homebuyers. The tightened mortgage lending rules will limit the amount many Canadians can borrow to help ensure that when interest rates rise, they’ll…
