For those looking to purchase their first home or boost their borrower profile, adding a co-signer or a guarantor to their mortgage application can make all the difference between getting the necessary financing and being rejected. On the other side of the fence, acting as a mortgage co-signer or a guarantor can bring the satisfaction […]
One of the key factors lenders consider when evaluating a mortgage application is your credit score. Indeed, applicants with medium to excellent credit scores typically benefit from lower interest rates, more flexible terms and conditions, and an easier application process overall. Having a good credit score in Canada is paramount to securing the best mortgage […]
Congratulations on taking the big step toward homeownership! There’s nothing quite like the feeling of finding your dream home and imagining all the memories you’ll create within those walls. However, the process of actually obtaining a mortgage can be daunting, especially when faced with countless lenders, varying interest rates, and complex terms and conditions. It […]
Whether you're considering purchasing a mortgage or already have one, you may wonder: what is a mortgage trigger rate? This is a common question I hear, especially with the rate changes we’ve seen with the Bank of Canada. With that said, here’s a guide to help you understand what a mortgage trigger rate and point […]
Buying a home is a big deal, and securing this purchase often requires a mortgage. The amount you pay in interest depends on factors that may be out of your control, like the current economic conditions. You may have heard about Canada’s heightened inflation rate over the past few years. If you haven’t, you’ve likely […]
After you’ve secured your mortgage, purchased your home, and finally settled in, you might think you can take a bit of a backseat to your finances. After all, mortgage approval is often the most important hoop to jump through regarding your financial situation. Now that’s completed, what is there to worry about? I’ve seen plenty […]
Whether you enjoy the serenity of the forest or love the idea of living on the water, cottages in Ontario are certainly picturesque and peaceful. Here are tips for buying an Ontario cottage:
