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How Much Income Do You Need To Qualify For A Mortgage?
  • Nov 15, 2022

How Much Income Do You Need To Qualify For A Mortgage?

If you're thinking of buying a home in Canada, one of the first things you'll need to do is figure out how much income you need to qualify for a mortgage.

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Easily Explain to Me: What’s a Mortgage Pre-Approval Versus a Pre-Qualification?

Easily Explain to Me: What’s a Mortgage Pre-Approval Versus a Pre-Qualification?

A mortgage pre-approval is the process of confirming an individual’s creditworthiness prior to having a mortgage purchase contract in place. It is the initial process that qualifies an individual for a loan based on the information they have provided – i.e., credit, debt, employment history, and income. It indicates to sellers that you are eligible to obtain financing and acts as a financial security blanket when home shopping.

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What does the latest Bank of Canada rate hike mean for you?
  • Oct 13, 2022

What does the latest Bank of Canada rate hike mean for you?

The Bank of Canada raised its key lending rate on September 7 by 0.75% and all consumer banks followed suit and raised their consumer prime rate to 5.45%.

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The Urban Dictionary of Construction and Pre-Construction Mortgages

The Urban Dictionary of Construction and Pre-Construction Mortgages

Construction and pre-construction mortgages…what does it all mean? Aren’t they the same thing, except one has “pre” at the beginning? Not quite. Let’s explore these concepts together.

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How to Use Home Equity to Your Advantage
  • Sep 13, 2022

How to Use Home Equity to Your Advantage

If you're a homeowner, you may be wondering how you can use your home equity to your advantage. Home equity is the portion of your home's value that you actually own—that is, the part that you've paid for with your own money.

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How Easy is it for Foreigners to Secure a Mortgage in Canada?

How Easy is it for Foreigners to Secure a Mortgage in Canada?

Obtaining a mortgage in Canada is relatively easy for foreigners and newcomers to the country because there are very few restrictions that limit foreigners from purchasing a property. In fact, the homebuying process is like the one that Canadian citizens follow! Let’s take a look…

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Benefits of Using a Local Mortgage Broker
  • Aug 22, 2022

Benefits of Using a Local Mortgage Broker

Are you in the market for your very first home? Or maybe you are a seasoned buyer with a good level of knowledge already. Regardless of your situation, buying a new home is an exciting milestone in any person's life. However, before you start shopping around for your dream home, it's important to do your research and find the best Mortgage Broker to work with.

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Don't Discount Rent-To-Own

Don't Discount Rent-To-Own

Rent-to-Own (RTO) is an agreement between a landlord and tenant in which the tenant agrees to rent the property for a certain period and has an option to buy before the lease expires.

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Will a Co-Signer Help You Qualify for a Bigger Mortgage?
  • Jul 20, 2022

Will a Co-Signer Help You Qualify for a Bigger Mortgage?

With our current real estate market, getting a Mortgage for as much as you’d like is not as easy as it once was. With rising rates and more government mandated qualification criteria, it is certainly more challenging

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How Can a Mortgage Broker Help You When Interest Rates are Rising?

How Can a Mortgage Broker Help You When Interest Rates are Rising?

Inflation, rising interest rates, increasing housing prices – it can all be overwhelming! What could possibly be next?! Let’s break it down and talk about how rising interest rates correlate to homeownership.

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