Category: Applying for a Mortgage

Top 5 Things to Avoid Once Approved For a Mortgage

Once you are approved for a mortgage it is important that your finances stay constant. A mortgage approval is based on the favourable combination of your current debts, income, credit score and more. As some time can pass from when you are approved for a mortgage, to when you close on your home purchase, many […]

5 Points to Know for Mortgage Pre Approval Success

November 27, 2019 
5 points to know for mortgage pre approval success. A mortgage pre approval can allow you to make an offer confidently when you find a home in Ottawa that you are interested in. It also helps fast track the approval process once an offer is made because much of the work is already done. Also, if […]

How Does Your Employment Affect Your Mortgage Application?

November 25, 2019 
How does your employment affect your mortgage application? Your employment as well as job stability are two of the most important details that lenders will evaluate when you apply for a mortgage. This can make the difference between being approved or not approved for the mortgage amount you desire. The ability to show the lender that […]

Mortgage Refinancing FAQ

September 6, 2019 
When it comes to mortgage refinancing there can be may questions that arise. Should I consider mortgage refinancing? How does mortgage refinancing work? When should I consider refinancing my mortgage? Here is a mortgage refinancing FAQ to help answer these questions and more.   Mortgage Refinancing FAQ   It can be challenging to decide if you should […]

Construction Mortgages Ottawa

September 5, 2019 
Learn more about construction mortgages in Ottawa. Building a new house can be a very exciting process.  It is a great way to take a dream and make it a reality. When building a house, whether as a self-build or from a builder there is a lot to coordinate.  Your workers,  timelines and construction mortgage […]

What is a Mortgage Pre Approval?

August 29, 2019 
Can I buy a house? How much can I afford? All these questions lead back to one thing, a mortgage pre approval. However, to start, what is a mortgage pre approval? Basically, a mortgage pre approval is the process where a lender approves or declines to you for a possible mortgage before you make an […]

10 Tips for Buying Your First Rental Property

August 22, 2019 
Buying your first rental property can be complicated. It can be challenging for beginners to know where to start. Here are 10 tips to help you with buying your first rental property in Ottawa. It can be very stressful entering into rental property ownership as a beginner. There are many different strategies that can be […]

How Much Mortgage Can I Afford?

August 16, 2019 
When looking to buy a home and get a mortgage, an important first step is to answer the important question of, how much mortgage can I afford? Some people want to purchase as much of a home as their pre approval limit will allow without going over their comfort level or having stress with cashflow.   How Much Mortgage […]

Applying for a Mortgage When Self Employed

There is one main challenge when applying for a mortgage when self employed.  The challange is how much to write off versus how much to declare as income.   Applying For a Mortgage When Self Employed   For those self employed, this question may arise each tax year. From a mortgage application point of view, […]

Not Able to Qualify For a Mortgage in Ottawa?

I get many inquiries each month from those who were declined by their bank and want to see what other options are available.  Most of the time I can find a solution however sometimes, the timing is just not right for the client. In this case, I set up a game play on exactly what is […]
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