Many first-time homebuyers have similar questions when it comes to mortgage rates and the steps to buy a house or property. One of the most common sources of confusion surrounds the difference between mortgage pre-qualification, pre-approval, … Read More
Becoming a homeowner is a life-long dream for many Canadians but as with all new experiences, there’ll be uncertainty and you may even second guess yourself once or twice. You’ll be interviewing realtors, looking at homes, … Read More
There are many steps involved in the homebuying process but the most important step is the first one: The mortgage pre-approval. It may sound like a less-than-exciting first step but it’s an essential one. Not getting … Read More
Bidding wars are becoming more and more common in hot housing markets, and buyers have to get creative to come out on top. As the average price for a single-detached house in Toronto and Vancouver continues … Read More
Once you’ve decided to buy a home, you should get a mortgage pre-approval so you know how much you can afford to spend. But does a pre-approval mean you’ll get a mortgage on a home you … Read More
When you’re ready to get into the real estate market there are certain steps you need to take before you start looking for a property. One of the first steps to make is to get a … Read More
When getting a mortgage for a new home, many of us tend to simply go with our main financial institution. However, sticking with the easiest route doesn’t necessarily lead to the best results. Comparing different mortgage … Read More
Getting a bigger mortgage isn’t as easy as some first-time homebuyers might think. If you’re trying to buy a home that’s more than the maximum purchase price you’ve already been pre-approved for, there are still a … Read More
When you apply for a mortgage pre-approval, your mortgage broker will ask you a series of questions about your financial situation. They’ll want to know the size of your down payment, your employment history, whether or … Read More
Flickr: fleecircus Ever since the financial crisis of 2008, it’s been tougher and tougher to qualify for a mortgage in Canada. With the maximum amortization period now capped at 25 years, and housing prices reaching unaffordable … Read More