Being self-employed or a business owner means that you have a different set of guidelines for obtaining mortgage funds. Due to write-offs a lot of us show less income on our final government documents then we actually made; this can make your mortgage application and approval more complicated. (more…)
Renewing your mortgage should be easy, right? Absolutely, but there are factors to consider before signing on the dotted line.
Most people tend to just sign back the mortgage offer given to them by their existing mortgage lender, however, that may not be the best offer available to you. In fact, a study done by the Bank of Canada indicates that those borrowers who switched lenders at renewal, typically saved more money than those who remained loyal to their existing lender. (more…)
If you have been renting for many years, you may be considering purchasing a home for the first time. You have sacrificed to save up for your down payment, but now you’re ready to buy. Buying a home can be exciting and scary, and is likely the largest purchase you will make in your lifetime. This is why it is so important to get the right advice from the start.