Mortgage Blog
Canada's Mortgage Experts
Category: Mortgage Tips & Advice (8 posts)
Purchasing a Home or Renewing Your Mortgage - Prepare Your Income Documentation Early
March 2, 2016
We’ve all heard the scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling everything your lender needs to verify your income is a critical component o ...
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House over $500,000? New downpayment rules effective February 15, 2016
February 3, 2016
On February 15, 2016, minimum downpayment rules are changing in Canada – for homes worth more than $500,000. The change is straightforward: for any portion of the house price over $500,0 ...
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Six Ways to Boost Your Credit Score
November 9, 2015
Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells lenders what kind of a risk you are likely to be as a borrower. A low ...
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What our New Liberal Government Means to your Mortgage
October 21, 2015
More spending means higher bond yields and higher bond yields mean higher fixed mortgage rates. On the other hand, the mortgage rules may be relaxed in order for consumers to qualify for a mortgage mo ...
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Downpayment saved? Fantastic!! What you need to know for your mortgage approval.
May 26, 2015
You've got your downpayment and you're ready to go. Congratulations! Soon you'll need to verify that downpayment for your mortgage approval. It's required by all lenders to p ...
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4 Strategies That Can Help You Get PreApproved
April 8, 2015
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...
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5 easy ways to be mortgage free sooner!
February 23, 2015
We all know that paying off a mortgage as early as possible makes good financial sense. You’ll save significant interest costs and free up money for RRSPs and other investments, and changing l ...
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2 Out of 3 Do Not shop at Renewal
September 30, 2014
Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec ...
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