Don’t Forget To Budget For Closing Costs
For many first-time homebuyers saving for a down payment can be challenging. You may have saved the minimum 5 per cent down payment, but have...
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30+ Major Lenders
One of the biggest advantages of using a mortgage broker is that you get access to the best rates and products from over 30 major...
Read MoreChapter 1 - Broker vs Bank
Here is a 90 second video that explains the main differences between a broker and a bank: Before I really knew about the mortgage...
Read MoreChapter 2 - The Home Buyer’s Process in a Nutshell
The idea of buying a home can seem really overwhelming, but it’s actually pretty straight forward. Step 1 You decide that it’s time to buy....
Read MoreChapter 3 - The Main People Involved
When buying a home or other property, you’ll have to rely on a range of professionals to guide you through the process. For first time...
Read MoreChapter 4 - Mortgage Types
One of the most important pieces of information to know is your down payment percentage. This will determine whether your mortgage is conventional or hi-ratio,...
Read MoreChapter 5 - Term vs Amortization
It’s quite common for borrowers to confuse amortization and term. Amortization is the number of years it takes to pay off your entire mortgage. Term...
Read MoreChapter 6 - Variable vs Fixed
One of the questions I get asked frequently is whether to choose a fixed product or a variable product. Which route to take ultimately depends...
Read MoreChapter 7 - Pre Approvals
Before beginning the bidding war on a potential property, it helps to have an indication of how much you can afford. Some home buyers don’t...
Read MoreChapter 8 - Qualifying
Several factors come in to play when a lender is deciding how much you qualify for. Credit Lenders want to see that you have...
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