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…
There’s a lot you need to know when you’re choosing a mortgage. When home buyers start their mortgage process, it’s easy to get overwhelmed. And when we’re in that state of overwhelm, we tend to go with what’s easiest—turning to…
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…
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…
What are Closing Costs? Congrats! You saved for a downpayment and now you are ready to buy. The mortgage and downpayment cover the purchase price of the home. There are other costs involved with purchasing a home, referred to closing…
There are so many options when you start the house hunting process. It can be overwhelming! Here are a few house hunting tips to help make the process a bit easier: 1) Get Pre-approved First of all, the #1 thing…
