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Posted by: Jen Lowe
DOWN PAYMENT VERIFICATION – 5 KEY POINTS One of the essential aspects of every mortgage application is the discussion pertaining to your down payment. Home purchases in Canada require a minimum down payment of your own funds to be put towards the deal. Your stake in the purchase. It is important that during the discussions […]
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THE TWO TYPES OF MORTGAGE PENALTY CALCULATIONS We have all heard the horror stories about huge mortgage penalties. Like the time your friend wanted to refinance her home so that she could open a small business only to find out that it was going to cost her a $13,000 penalty to break her mortgage. This […]
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SUMMARY OF THE NEW MORTGAGE MARKET There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates are sitting at […]
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5 COMMON MISTAKES TO AVOID WHEN SHOPPING FOR A MORTGAGE Avoid these 5 common mistakes, and you will have no problem getting your mortgage faster, more efficiently, and with a clear understanding of the process: 1. Thinking banks are the first and best place to go for a mortgage Mortgage brokers can often beat the […]
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IS TODAY THE RIGHT DAY TO BUY YOURSELF A HOME OR NOT? Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our […]
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TOP FIVE HOME RENOVATIONS THAT INCREASE PROPERTY VALUE Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. # 5 Flooring Flooring is one of the most […]
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WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE? There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick look at why you may be asked to co-sign […]
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3 STEPS TO KEEP YOUR CREDIT IN CHECK If you have have overextended yourself with credit card debt, or have consolidated all of your consumer debt into your mortgage, or are at the point where you just want to cancel your credit cards, we have the 3 steps for you to follow to get your […]
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10 FIRST TIME HOMEBUYER MISTAKES If you’re on the hunt for your first home and want to have a smooth and successful home purchasing experience avoid these common first-time homebuying mistakes. 1. Thinking you don’t need a real estate agent You might be able to find a house on your own but there are still […]
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FED POINTS TO RISING CONFIDENCE LEAVING RATES UNCHANGED The Federal Open Market Committee (FOMC) reiterated in their press release today that the labor market is strengthening and the economy continues to expand at a moderate pace. The consumer is doing most of the heavy lifting as business investment remains soft, but both business and consumer […]
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