Mortgage Blog
Get Pre-Approved This will always, always be step one before anything else. You can complete my application on this website and we will go through it together to discuss every option available to you. I will review your income, credit, discuss down payment, current mortgage and what your options are.
If you are hoping to maximize your tax return for the 2022 tax year, consider contributing any savings to an RRSP. Your contribution is deducted from your taxable income, potentially helping your tax return grow, or reducing what you will owe in income taxes. Tax returns can easily be used
Applying for a mortgage is the starting point to getting your pre-approval and buying a home. That one can be tough to come up with, unfortunately. Coming up with a down payment is often the missing piece of the pre-approval puzzle when considering becoming a homeowner. One of the most
The start of the new year saw Canada’s new foreign buyer ban officially come into effect. The two year-ban, originally passed by Parliament in June to help address housing affordability challenges, will apply to non-Canadian individuals and commercial enterprises. However, the Prohibition on the Purchase of Residential Property by Non-Canadians
There are more changes from CMHC affecting mortgage qualifying coming July 1, 2020. The modifications to the underwriting criteria make it more difficult to qualify for a mortgage for those who have less than 20% for a down payment. The changes include increasing the minimum credit score to 680 (previously
Covid-19 has impacted our economy and financial markets significantly. The government has implemented a mortgage deferral program to help those in need of financial support during this time. A person can now defer his or her mortgage payment for up to 6 months, at the lender’s discretion. There are some
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