Getting your mortgage rejected can be hard to get over if you're just beginning your home search or bidding on the next place you're staying. You'll probably run through possible reasons the bank turned down your loan and some tips on how to deal with it. However, if you've been rejected for a mortgage, you may be more inclined to give up and move on.
Read MoreYour debt-to-income (DTI) ratio is the percentage of your monthly income that you spend on debt payments. Lenders use your DTI to decide whether to give you a loan and how much you can afford to borrow.
Read MoreIf you're looking to save money on your mortgage, you may consider refinancing mortgage strategies in Canada. Refinancing is the process of taking out a new loan to replace your existing mortgage. This new loan can have different terms than your original loan, saving you money over the life of the loan.
Read MoreConstruction loans in Canada are becoming increasingly popular as more people look to build their own homes. Of course, you might still be scratching your head, wondering if you should opt for construction loans or go with a typical mortgage. Well, there are a few things to understand before you make that decision, and today, we'll help you make that decision!
Read MoreLooking to learn more about passive houses and how they can help reduce your energy costs and carbon footprint? Check out this comprehensive guide as we unpack one of the home buying secrets you never know about: passive houses in Canada!
Read MoreRecreational homes are an excellent investment. Take a look at some things you must know before buying a cottage:
Read MoreAre you considering taking out a commercial mortgage? If so, you'll need to know which properties are eligible for this financing.
Read MorePurchasing a summer cottage or vacation home is one way that families are choosing to live differently and it’s more accessible than you think with the proper planning.
Read MoreSome loans have fixed rates, while others offer variable rates. We'll discuss what fixed-rate loans and variable-rate loans are today:
Read MoreThe Canadian government imposes strict qualifications to ensure you can afford your mortgage. This is where the mortgage stress test comes into play.
Read MoreIf you are a non-resident acquiring real estate in Canada, there are options to enter into an investment property. You may have questions about real estate, but you've come to the right place.
Read MoreOwning a home is both an achievement and an investment. But for first-time home buyers, it is a challenge to get approved for a mortgage that could help them in owning a home faster and easier.
Read MoreWe’ll discuss the Tax-Free First Home Savings Account. If you’re interested, we've compiled everything you need to know in this handy guide.
Read MoreIf you have an existing mortgage, keep reading. This article will help you plan for your finances in the next couple of months and if there is a need to consider alternative lending.
Read MoreWhat are private mortgages? If you want to know the answer to this question, read on as we break down everything you need to know about private mortgage lending.
Read MoreToday, we’ll look at mortgages Canadians who are self-employed can qualify for. We’ll also tackle how the self-employed can present their creditworthiness.
Read MoreA second mortgage loan typically has an interest rate that is one to two percent higher than the first mortgage loan. Of course, this all depends on your personal credit score, as well as the type of loan you are applying for. If you are applying for a second mortgage loan on a house that is worth less than 30 percent of its original value, the rate may be up to three percent higher than a first mortgage loan.
Read MoreObtaining a mortgage when you’re self-employed can feel overwhelming at first. You can’t follow the traditional path of earning a steady salary, but it’s still easy to manage.
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