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behind on income tax

Falling behind on your income tax

Falling behind on income tax can impact your ability to get a mortgage or the best mortgage rates in Ottawa. Most lenders will need to you have your income taxes up to date before being able to obtain a new mortgage whether on a purchase, port or refin ...

Documents for a mortgage pre approval

Documents you need for a mortgage pre approval

January 22, 2019 | Applying for a Mortgage

When looking for a home, getting a pre approval is a very important step.  The quality or thoroughness of a pre approval review can range from completing an online pre approval calculator to at the other end, having a lender review and approve an appli ...

mortgage payment

Choosing the Right Mortgage Payment Option

When applying for a mortgage in Ottawa, part of the process is choosing your mortgage payment preference.  There are 6 main payment options. Here is some information to help when choosing the right mortgage payment for you. The right mortgage ...

mortgage rules

The new mortgage rules and how they will affect you

January 22, 2019 | Mortgage News

The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry this past Tuesday. The new rules will come into effect January 1st, 2018.  Learn more here about the new mortgage rules and how they wil ...

mortgage rate

How is your mortgage rate determined?

January 22, 2019 | Best Mortgage Rates

Learn the how your mortgage rate is determined and from that how to get the best mortgage rates.  I get asked frequently when first talking to a client, “What are your rates?”  This question is perhaps similar to a person calling a grocery store and as ...

applying for a mortgage

Important documents to have when applying for a mortgage

January 22, 2019 | Applying for a Mortgage

When it comes time to explore your mortgage options, there are some important documents to have when applying for a mortgage in Ottawa.    Documents needed when applying for a mortgage   Separation agreement   If you went through a divor ...

monoline lender

Banks and credit unions versus monoline lenders

Everyone is familiar with a bank and a credit union however many are not familiar with a monoline lender.   What is a monoline lender? What is a monoline lender and why are they an option to explore when looking for a mortgage? A specialized lender Mon ...

declined for a mortgage

Six less-obvious reasons why you may be declined for a mortgage

January 22, 2019 | Applying for a Mortgage

You may have good credit, a stable job with favourable income and a down payment saved. However sometimes there may be less-obvious reasons why you may be declined for a mortgage.   Reasons why you may be declined for a mortgage:   1) The pro ...

free credit report

How to get a free copy of your credit report

Knowing your credit score is important. Checking in on your credit at least once per year is a good habit.  This will help assure your credit score is strong.  Learn how to get a free copy of your credit report.   How to get a free copy of your cr ...

stress test

The Bank of Canada stress test rate change and how it affects you

January 22, 2019 | Applying for a Mortgage

On May 14th the Bank of Canada raised their benchmark qualifying rate, also known as the stress test rate.  Here is some information on the Bank of Canada stress test rate change and how it affects you.   Mortgage stress test   The rate incre ...

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