A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it’s not guaranteed that your mortgage provider will award you a mortgage loan when you are on probation at the...Read More

Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is forever out of reach. Especially with the added burden of paying for college and student loan...Read More

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank is maintaining its extraordinary...Read More

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it’s important, and five steps you can take to build it. As you make monthly mortgage payments, you accumulate home equity. This is a powerful real estate investment that represents the portion of your home that you...Read More

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank’s extraordinary forward guidance on the path for...Read More

According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits homeowners in several ways, including reduced monthly payments and better mortgage rates True to fact, refinancing helps to save money. However, it needs to be done for the right...Read More

Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests for many reasons. Fortunately, you should not give up hope -you have options to improve your credit score, reapply and get your mortgage application approved. Nobody loves getting the news that...Read More

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank’s extraordinary forward guidance on the path for the overnight rate...Read More

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower’s information to determine their creditworthiness. Pre-approval is an in-depth review of the borrower’s financial situation and credit score to determine the mortgage application’s status. While both terms sound almost similar, pre-approval often puts...Read More

Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer’s due diligence in calculating how much mortgage they can afford. Mortgage affordability depends on several factors that lenders use at their discretion to determine if and how much they can accord. Buying a property with a mortgage is...Read More