If you’ve been renting or living at home and you’re now ready to buy your own place, you’ll likely want to know how much you can afford. While your finances are a significant factor, getting a mortgage pre-approval is a way to ensure you know exactly how much buying power you have. What is a…
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…
As stated in last weeks’ blog, buying a home can be an extremely difficult process, and most new homebuyers make tons of mistakes and don’t get what they need in the end. This week, our article will cover one of the crucial steps in getting the money you need from the lender, in order to…
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. …
Before meeting with a real estate agent to go house hunting, it’s a good idea to meet with a loan officer first to make sure you qualify for the type of mortgage you desire. Once you have an idea of what suits you best, learning the steps to getting a mortgage comes next. The best place…
