How to Get Pre-Approved for a Mortgage in Canada
Getting pre-approved for a mortgage in Canada involves providing detailed documentation and undergoing a formal review of your financial information. If approved, you’ll receive a pre-approval letter which is a formal offer to lend you a specific amount at a specific interest rate. Pre-approval is not a guarantee of final mortgage approval but is a strong indication of your borrowing power and can be useful in the home buying process.
What are home closing costs and how much do I have to pay?
Buying a home in Canada can be an exciting and overwhelming process. Don’t let closing costs catch you off guard. Our team can help you understand and budget for these fees and expenses, so you can focus on finding your dream home. Contact us today to learn more.
Top 10 Tips for Getting the Best Mortgage Rate in Canada
Looking for the best mortgage rate in Canada? Follow these 10 tips to help you secure a competitive rate and save money on your home loan. From improving your credit score and making a larger down payment to choosing the right lender and considering government programs, these strategies can help you get the best deal possible. Start your journey to homeownership on the right foot by following these tips and securing a low mortgage rate.
Everything you wanted to know about Property Taxes
Property Taxes Might Be A New Concept for You if You’re a First Time Home Buyer Budgeting for a home goes beyond simply paying your mortgage. In addition you’ll have monthly expenses. Some of them will be variable like heat, hydro, and water. But others are fixed, like your internet and property taxes. If you’ve […]
How a Fixed Rate Mortgage Left Me Speechless
For many years I was an advocate that fixed interest rates were best. I locked in my mortgage at the lowest fixed rate possible and felt fully at peace. No risk, no fear of rising interest rates, no worry. I ignored variable rate mortgages and wouldn’t even consider them. Then came the time when I […]
The Best Time to Invest in Real Estate for Amazing Results
The time to invest in real estate has never been better and here’s why you should buy rental property All across the country, we’re seeing real estate markets break records. Limited inventory, low interest rates, and a flurry of buyers, have conspired to create the perfect opportunity for sellers to get top dollar for their […]
What’s the difference between Pre-Approvals and Approvals?
The difference could cost you a lot more than you think. There are actually three different types of mortgage tools to determine you budget: pre-qualifications, pre-approvals and finally approvals. All three are similar, but also very different in how they should be used. The more documents you can provide to a mortgage broker the better. […]
Should I refinance my home now?
With rates at all-time lows you might be asking yourself, should I refinance my mortgage now? The first thing you should consider when deciding if it’s the right time to break your mortgage and refinance is to ask yourself why are you breaking your mortgage? Are you wanting a lower interest rate? Do you want […]
Toronto Real Estate Update: Q&A with Alex Balikoev
There have been a lot of changes since the Coronavirus has surfaced in Toronto. We chat with Alex of Sotheby’s to find out the latest updates Alex Balikoev is no stranger to change in the real estate industry. He started his career selling real estate back in Russia in 2008 and has risen to be […]
How to Get the Best Rates
How to Get the Best Mortgage Rates when You’re Mortgage is up for Renewal When shopping for a mortgage, the best way to get a great deal on your mortgage might not be the easiest way. You might want to think twice before signing that mortgage renewal statement that your existing mortgage provider mails to […]
