Does it Make Sense to Renew My Mortgage Early? Is your mortgage set to renew soon? It’s important to get your mortgage broker negotiating on your behalf about 3-4 months in advance to give ample time to find the very best mortgage product and rate to fit your needs. While your existing lender is required […]
In today’s hot housing market, where inventory is low, demand is high and mortgage rates are at record lows, securing a mortgage preapproval has never been more important. Obtaining a preapproval is highly recommended before you even begin house hunting so you understand what you can comfortably afford to spend on a property. During this […]
Mortgage Deferral Shouldn’t Impact Your Credit Score Last year, in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, the federal government implemented a number of relief measures including the opportunity for Canadian lenders to allow customers to defer their mortgage payments for a set period of time. At the […]
If you’re feeling overwhelmed by your monthly financial obligations, you may want to consider using the equity you’ve built up in your home to consolidate debt and take advantage of today’s historically-low interest rates, which allows you to save money and improve your cash flow. With consolidated payments, you can efficiently eliminate debt as well […]
Now’s a Great Time for Your Free Annual Mortgage Review Now’s the perfect time to consider scheduling your annual mortgage checkup. With interest rates at historic lows, there’s a great chance that you could benefit. It’s important to review your options every year to ensure you’re maximizing your savings. There’s no charge or obligation when […]
Special Tax Considerations When Working from Home Many Canadians worked from home for the first time in 2020, which means there will be extra questions to be answered when it comes time to do your taxes. Outlined below is what you need to know about claiming office expenses while working from home. Canada Revenue Agency […]
While self-employment carries many benefits, lenders don’t always make it easy for you to qualify for a mortgage. That’s why it’s important to work with a mortgage broker who understands how to find solutions catered to your unique needs. This includes assessing your financial situation, preparing the required documentation, navigating the intricacies of […]
During hot housing markets with multiple bidding scenarios, home appraisals are often coming in short because comparable properties aren’t as easy to find when sales prices are rising so quickly. If you’re looking to buy a home, it’s important to understand that lender approval is based on certain conditions including an appraisal of the property. […]
