Equity Take-Out
Bridge loans; How do they work?
So you have sold your home and purchased a new dream home, but your closing dates aren’t lining up perfectly, so what do you do? You’ll need bridge financing!
Equity Take-Out
Mortgage for Fixer Uppers
You are considering buying a home that needs some work but aren’t sure how to pay for those improvements?
Don’t worry, a mortgage broker can help you get the necessary funding, even with as little as 5% down!
First-Time Buyer
New Build Home buying Mistakes to avoid!!!
So you are thinking about buying a new home and have decided that a new build is what you really want, that’s a great idea, nearly one third of home buyers opt for a brand new build!
It means you can customize your home to meet your personal wants, needs, and style! You have lower maintenance costs on a new build, and unexpected surprises (like asbestos, major plumbing issues, or electrical upgrades) are unlikely! (more…)
First-Time Buyer
Repercussions of Backing out of a Deal
In real estate sales the responsibility is on the buyer to beware, and to ensure they know what it is they are buying. However, the risks for both the buyer and seller in a volatile market can be very real and some buyer/sellers just want to back out of their deal.
First-Time Buyer
Prepare to Apply for a New Mortgage, or to Refinance an Existing Mortgage
These suggestions can help you avoid the stress and blockades that many borrowers have faced along the route to approval.
If you don’t already know, getting pre-qualified is always the very first step that should be taken! However, even before the per-qualification, you need to make sure you have all your ducks in a row! (more…)
Equity Take-Out
New Stress Test Guidelines for Insured Buyers
As of January 1st 2018, Canada’s Uninsured home buyers will be required to qualify for their mortgage with an interest rate of the greater of the Bank of Canada (BOC) Rate, or 2% higher then the contract rate. (more…)