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The official unofficial Canadian Mortgage Document Checklist

Buying a home is an exciting and often overwhelming process. The pace is fast, and no matter if you are looking for a new home or refinancing your current mortgage, the paperwork is sometimes daunting. We thought it was time to simplify and provide you with the official, unofficial Canadian mortgage document checklist.

Private Mortgage Loans: What They Are and How They Work

Getting approved for a conventional mortgage isn’t always easy—especially if you have poor credit or lack confirmable income. Fortunately, private mortgage loans can fill the gap when you don’t meet the criteria of conventional lenders.

How do I calculate how much home equity I have?

Buying a home for the first time is a fantastic experience. The process seems like it goes by super quickly, but so many homebuyers do not realize some of the expenses of buying your first home. So, we thought it was about time that we took some time to let you know some of the costs that you may face when it is time to put pen to paper. We should note that each sale is a little different, and you might see different or lower costs when it is your time to buy.

Is There a Minimum Credit Score for Renting an Apartment in Canada in 2022?

Most landlords and rental companies check the credit scores of potential tenants as part of their application process. But is there a minimum credit score requirement for renting an apartment in Canada? Here’s what you need to know about credit scores and renting in 2022.

Interest Rates Increasing – Time To Refinance?

A couple of weeks ago, the Bank of Canada increased the overnight rate again by 0.5 per cent. We are looking at yet another raise from all indications as the government seems to cool the red-hot housing market and curb rising inflation across the country. However, for those with a mortgage, the question is, is now the time to refinance? It will depend on your specific situation, but here are a couple of things to consider when looking at if it is time to refinance.

Should You Use Your Home Equity for a Loan or Line of Credit

One of the ways you can take advantage of your current status is by using your home equity as collateral. It’s important to consider what your home equity position is. Have you been paying off your mortgage for a long time and have a lot of equity? Your equity builds up every year in your property and as you pay off the loan, you’re also increasing that equity.

What is a Good Credit Score in Canada in 2022?

A good credit score can go a long way in Canada when it comes to getting approved for a credit card, line of credit, or loan. So if you’re planning to borrow funds or apply for any type of credit in 2022, you should know what a good credit score looks like.

How Long Does Bad Credit Stay on Your Credit Report in Canada 2022?

Your credit is an important part of improving your quality of living. When you have good credit, you can make large purchases like investing in a home or buying a new, reliable car. If you have bad credit, you may be wondering how long it stays with you. Your credit report has financial information about your credit history and determines the score you have. Lenders report bill payments to the credit bureaus in Canada and then it’s updated to your credit report. Whenever your credit report is updated, your credit score may change as well.

Top Strategies For Home Buyers Looking To Find The Best Mortgage

Unless you are fortunate enough to have cash to buy your home, getting the right property is only half the problem. The other half is in knowing the best type of mortgage to choose. This is why it is essential to pay attention to know the top strategies for home buyers looking to find the best mortgage.

6 Tips to Help You Refinance Your Mortgage for a Better Rate

When you’re dealing with large amounts of money involved in owning a home, even the smallest rate difference can save you a lot. We have put together the tips that can help you save big if you choose to refinance your mortgage to take advantage of the lowest rates.