Finding your dream home is an exhilarating experience, but what if the property you’ve fallen in love with requires a few upgrades or renovations? While this might seem like a roadblock, there’s a solution that allows you to finance both the purchase price and the cost of improvements in a single mortgage. Enter the purchase […]

When you apply for a mortgage in Canada, the mortgage agent or broker may perform either a soft or hard credit check, depending on the circumstances. Typically, when you first approach a mortgage agent or broker, they will start by asking you some basic questions about your financial situation to determine if you are eligible […]

There are many factors to consider when applying for a mortgage, and it’s important to avoid common mistakes that can hinder your ability to secure a loan or affect your financial situation in the long term. Here are some of the most common mistakes to avoid when applying for a mortgage in Canada, along with […]

If you’re considering buying a home in Canada, working with a mortgage professional can provide valuable benefits and help you secure the best possible mortgage option for your needs. Here are some reasons why you should consider using a mortgage professional in Canada: Access to a Wide Range of Mortgage Options. A mortgage professional has […]

Interest rates are a key factor in determining the cost of borrowing money for a mortgage. In Canada, interest rates are set by the Bank of Canada, and they can have a significant impact on a borrower’s mortgage payments and home affordability. Here’s a breakdown of how interest rates work and how they can affect […]

Buying a home for the first time can be an exciting, yet daunting experience. There are many things to consider, from finding the right property to securing a mortgage. Here are some tips for first-time homebuyers to help make the process as smooth as possible. Get your finances in order. Before you start looking for […]

There has been some talk lately in the news about trigger rates. I am going to explain what they are and how they can affect you. What are trigger rates… We are currently facing rising interest rates (although hopefully we are approaching the peak in 2023).  If you have a variable-rate mortgage you might be […]

The Government of Canada has created a program to help first-time home buyers with the purchase of a home.  It is called the First-Time Home Buyers Incentive. In a nutshell, the government is willing to give the purchaser 5-10 percent of the purchase value of the property as a down payment.  In return, the government […]

Selling your current home and buying a new one can be very difficult timing wise, especially nowadays with bank delays and other factors sometimes pushing a closing date a day or more past the original date.  One way to lessen that stress is to close on your new house a week or more before the […]

Often when purchasing a home, purchasers will get a pre-approval on a mortgage.  Typically, these pre-approvals last for 60, 90 or even 120 days. What is a pre-approval? A pre-approval involves a mortgage broker collecting all of the documents required to apply for a mortgage, whether with a major bank, or an alternative lender.  The […]