Candice Carr
Mortgage broker / owner / notary public
Kindred Mortgage Co.
Candice Carr
Mortgage broker / owner / notary public
Kindred Mortgage Co.
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
When the mortgage rules changed for insured mortgages (those with less than 20% down) in October of 2016, the most constant question I had was, “How do I qualify for more?”. Borrowing power for those […]
Pay off any outstanding collections. These are debts that haven’t been paid that were sent to a third-party collection agency for them to collect payment on behalf of the creditor. Many companies (not just credit […]
It’s a common held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that your lender is somehow obligated to renew your mortgage. This is simply not the case. […]
No doubt about it, buying a home is an emotional experience. It’s a game of balancing needs and wants, while trying to be honest with yourself about those very needs and wants. It’s hard to […]
Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, […]
If you’re getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you’re not alone. It seems every time you browse the news another US economist is predicting terrible things for […]
Thinking of buying a property, but don’t know where to start? Well… that’s where a mortgage pre-approval comes in. Start here. Just like you wouldn’t go into a restaurant without having enough money to buy […]
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