Since the pandemic lockdowns dragged interest rates to historic lows in 2020, Canadians have been diving into the real estate market with unprecedented motivation. During a time of extraordinary financial disruption, more than 551,000 properties sold last year — a new annual record, according to the Canadian Real Estate Association. Those sales provided a desperately…
It has been a while since we have touched back on this topic, and given summer is a season where many transactions take place in the real estate market, we thought it could be a good idea to remind upcoming homebuyers of the process behind a future purchase. A mortgage…
Two weeks ago, I wrote about questions you should be asking a real estate agent at an open house, especially if you were very keen on it. This time, here are many questions you and a broker like me will ask one another if you want to get a good mortgage deal for said house! The…
In order to qualify for a mortgage and purchase a home, as said several times previously, it is important to always have a very good credit score. It is basically a measure of your financial responsibility and can either allow you or deny you many opportunities So what are some…
Several of our last posts on social media as well as blogs have discussed the need for a pre-approval before getting accepted for a mortgage. However, in some cases, it is often possible to be denied a mortgage even if you have been pre-approved. Below are several reasons why that can be the case. …
You made a few financial mistakes when life’s speed bumps got in the way, but now you’re on the right track and are ready to take the plunge into home ownership. The only issue is that you are not sure if your less than admirable credit history is going to keep a lender from giving…
