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8 Things to Avoid After a Mortgage Preapproval

8 Things to Avoid After a Mortgage Preapproval

You have word from your agent letting you know you are pre-approved for a mortgage. This is an exciting time as you are well on your way to purchasing a new home. A preapproval is usually good for 60 to 120 days depending on the lender. If you do not purchase a home within this time frame, the lender may require you to get preapproved again. Therefore, it is important to continue the great behavior that got you the preapproval, in the first place. Below are eight tips to help keep your financial situation preapproval ready.

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How Much Does Buying a House Really Cost?
  • Jan 07, 2022

How Much Does Buying a House Really Cost?

This is a question that many people ask when they are considering purchasing a home. When you're buying a house, it's important to understand all of the costs involved. These costs can add up quickly, so it's important to be prepared.

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Pre-Approved Doesn't Mean Approved: Mortgage Pre-Approval VS. Full Approval
  • Nov 29, 2021

Pre-Approved Doesn't Mean Approved: Mortgage Pre-Approval VS. Full Approval

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But this is not true.

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Tips to Save Money

Tips to Save Money

After the holidays we all can relate to the dread of opening a credit card statement and wondering how long it will take you to pay off holiday debt.

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A less expensive, more meaningful Holiday

A less expensive, more meaningful Holiday

Budgeting for the holidays now may sound like a chore, but it is key to avoiding financial stress in January. Here is a guide to plan for the holiday season.

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Are you saving enough for your retirement?

Are you saving enough for your retirement?

Many Canadians think of retirement as a time filled with vacations, getaways to

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Interest Rates on the Rise?

Interest Rates on the Rise?

There has been speculation that Canadian interest rates are not done rising yet – and some say they will keep rising until 2020.

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Legalization and Landlords

Legalization and Landlords

With cannabis legalization in Canada coming into effect on October 17, 2018, many landlords are wondering about their rights as landlords and how the legalization will affect their rental property investments.

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How long does it take to save a down payment, when earning minimum wage?

How long does it take to save a down payment, when earning minimum wage?

Getting into home ownership has never been tougher than it is today. With the qualifying rate over 2% higher and with the additional stress tests, it’s no surprise anyone earning near minimum wage would feel that the idea of home ownership is impossible.

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Reverse Mortgages

Reverse Mortgages

With mortgage guidelines getting stricter over the past year, it has opened a wave of interest for different types of mortgages – including what’s known as a reverse mortgage.

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