Everyone has told you to get pre-approved before you start your house-hunting to avoid disappointment. However, in some cases, it is possible to be denied a mortgage even if you have been pre-approved. Below are several reasons why that can be…
Could an Investment Property be your Pension?
The recent shock to the economy has had many Canadians thinking seriously about what their life might look like after their paycheques stop. Even if you have a workplace pension plan to look forward to, you may find it falls…
Marriage & Mortgages: Spousal Buyout
Separation and divorce can impact a family on many levels including financially. It’s a stressful process for all concerned. In addition, there may be the messy business of splitting the assets, including the family home and the mortgage. Many couples end…
Purchasing a Home as an Un-Married Couple
Homeownership, whether you’re married or not, can be a decades-long legal and financial obligation. Do it right, and you will reap all kinds of benefits, including having a home in which to live, building equity, and a stronger credit scoreDo it…
How to Qualify for a Mortgage in an Uncertain Market
With COVID-19 challenges that include layoffs and deferred mortgage payments, getting a mortgage may be a bit tougher for some, whether it’s for a first home, or refinancing to consolidate debt, or simply renewing your existing mortgage with a new lender…
Purchasing a Home in the Wintertime
Windshields are icy, the temperature is dropping and the smell of snow is in the air: Winter is here. This time of year makes for an ideal time to buy! Here’s what you should know about buying a home in the…
Fixed or Variable?
There are many people, both mortgage professionals and borrowers alike, who will swear that variable-rate mortgages are always the way to go. Their reasoning is that variable-rate mortgages have historically beat out fixed rates, or that variable-rate mortgages have always worked…
How to Get a Down Payment For a House in Canada
If you’re hoping to buy a home sometime in the near future, odds are you’ll need to take out a mortgage to finance it. But even though you’re borrowing money to finance the property, you’ll still need to come up with…