You Just Got a Mortgage. Now What?

You Just Got a Mortgage. Now What?

Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized...
What is Bridge Financing?

What is Bridge Financing?

Let’s say you have a home that you’ve outgrown, it’s time to make a move to something more suited for your family. You have no desire to keep two houses, so you decide that selling your existing home, and moving into something new is the best idea....
Appraisal

Appraisal

Every mortgage needs some consideration of value. Your downpayment and the type of property you are buying will determine if and when an appraisal is needed. Virtually all refinances will require an appraisal.  If you put down less than 20%, a mortgage insurer will...
3 Misconceptions About Reverse Mortgages in Canada

3 Misconceptions About Reverse Mortgages in Canada

One of the benefits of working with an independent mortgage professional is choice when it comes to mortgage product. When you work with a single bank or financial institution, you are limited to the products they offer. When you deal with a mortgage broker, you gain...
Job Letter

Job Letter

All lenders will require a job letter from your employment in order to approve your income and get you qualified. The lenders will require the letter to be dated within 30 days of your application. Self employed are the only borrowers that will not require a letter. A...