There are many situations where you may need to ask for help and in some cases someone to cosign for a mortgage. John and Angela owned a home together which they shared with their two small children. When it came time for them to end their marriage, Angela was unable to qualify on her own […]
Read MoreCo-signor or Guarantor for a mortgage?
If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements. Co-signer or guarantor for a mortgage which is best? People often […]
Read MoreMaking Sure Your House is Ready for the Cold
There are many things that can happen to your home if you don’t prepare for winter including leaks to pipes that freeze and burst. Pipes that burst are not just a terrible mess; they can cost you tens of thousands of dollars in repairs! It is always good to have a check list to refer […]
Read MoreVendor Take-Back Mortgage
Growing in popularity over the past few years, the vendor take-back mortgage can help buyers to purchase and sellers to find qualified buyers – especially in a tough market. What is a vendor take-back mortgage – or VTB? When a seller offers to lend the buyer a portion of money towards the down payment – […]
Read MoreBuying Land & Building Your Dream Home – Construction Draw Mortgage
We have all dreamed of buying that beautiful piece of property and building our dream home or cottage. Once we start to think about how to pay for it – sometimes we stop dreaming and get back to reality. But many people are doing just that with construction draw mortgages from a few lenders. It […]
Read MoreBorrowing can be this simple…
Borrowing can be this simple… It is my job to listen to your individual needs, walk you through the process and help you understand how you can make the most of your mortgage, review credit qualifications and clarify terms and conditions. I help you access financing that will work for you today and as your […]
Read MoreBuying Land & Building Your Dream Home – Construction Draw Mortgage
We have all dreamed of buying that beautiful piece of property and building our dream home or cottage. Once we start to think about how to pay for it – sometimes we stop dreaming and get back to reality. But many people are doing just that with construction draw mortgages from a few lenders. It […]
Read MoreQualify for a Mortgage – 5 things to know
Top 5 Reasons People Can’t Qualify for a Mortgage. I receive calls every month from people who want to know how to qualify for a mortgage because they were declined by their bank. In many cases I can help them and in some cases they have to wait – but we identify what they need […]
Read MoreNon-Residents buying real estate in Canada
With all the changes to mortgage rules it can get confusing for Non-Resident home-buyers to know if they can qualify for a mortgage and how much money they have to put down. Here is a simplified example to help… Joe is a non-resident of Canada and wants to buy a condo in Vancouver. He is considering what […]
Read MoreMortgage Rate Party Over?
Canada’s mortgage party has come to an abrupt halt. (MAJOR BANKS CUT BACK WHILE LOWER RATES BY OTHER LENDERS STILL AVAILABLE) The bonanza of dirt-cheap mortgages offered by some of the country’s biggest lenders in recent weeks has been shut down sooner than expected, as banks pull their offers in the face of higher funding […]
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