It’s not all about rate
If you are currently shopping for a mortgage interest rate, this article should be both helpful and insightful. When you know what you’re looking for you can ensure the conditions that sometimes apply...
View ArticleCan you get a mortgage after bankruptcy?
The quick answer is yes, you can get a mortgage after you have been discharged from a bankruptcy. Though the amount of time you can apply after the date of discharge is dependent on which lender you...
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10 things you need to know about appraisals
Appraisals are a valuable part of the real estate transaction and they are different than a market valuation provided by a real estate professional. What is an appraisal? An appraisal is an unbiased...
View ArticleThat new car could cost you the garage
Mortgage Qualification Basics When it comes to qualifying for a mortgage, the current debts you have affects the mortgage amount you can qualify for. I often see buyers who have worked hard to maintain...
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How to get a mortgage
The Mortgage Process in 10 Steps Taking on new debt like a car loan, a new credit card or a small line of credit is pretty easy. It usually takes minimal income documentation, some discussion of...
View ArticleHow do you look on paper?
When it comes to borrowing money, we’ve come a long way from just a handshake to seal the deal. Now there’s an application process which includes meeting the qualifying guidelines, review and...
View ArticleDownpayment options
With the recent mortgage insurance premium increase for financing over 90% of the purchase price of a home, I’m finding the downpayment options are a hot topic. You can still technically buy a home...
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Financing a cabin
It is that time of year, when the weather is great and the benefits of owning a cabin or cottage of your own is that much more appealing. Though before you go cabin shopping, let’s chat about mortgage...
View ArticleShould you buy your first rental property?
TAKE THE QUIZ NOW Alberta is a hot spot these days, leading the way in real estate and dominating the news as an appealing oasis for foreign investors. We have lots of space, our vacancy rates are low,...
View Article8 mortgage secrets everyone should know
Mortgages are not a subject we learn about in high school, although I wish they were. Credit, interest rates and qualifying for a mortgage are all things that will greatly affect your lifestyle going...
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Save money now by quitting these 3 credit habits
This isn’t an article about how having a bad credit score can impact your lifestyle as I’m thinking you probably already know that. So instead of another article touting the benefits of a great credit...
View ArticleWhat should you do when your mortgage renews?
TAKE THE QUIZ NOW If your mortgage term is ending in the near future, this quiz is for you. You have multiple options come mortgage renewal time and the below questions will provide some direction if...
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Self-Employed? Here is the easiest way to get a mortgage.
Getting a mortgage when you are self-employed is different than applying when you are considered to be an employee. I suggest being prepared for the process by addressing some of the items below...
View Article5 specialty mortgage products you don’t know about
If you’re like most borrowers, you don’t need to go shopping for a mortgage very often. You’ll likely need home financing only a handful of times in your life and you may not know about the entire...
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This upfront decision could save you thousands off your mortgage
There are a few ways you could do this; utilize pre-payment privileges throughout the year to pay off your mortgage balance quicker, pay accelerated weekly or bi-weekly payments, or take a shorter...
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Who are you going to call?
There are multiple professionals who are involved in a typical real estate transaction which may sometimes cause some confusion. Below you’ll find a summary of the most common individuals you will...
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When is the right time to refinance?
If you are stressed about the amount of debts you have or mortgage payment amount(s) you are currently making, it may be time to look at refinancing your home as rates are still low and Edmonton has a...
View ArticleDon’t be a victim of mortgage fraud
Mortgage fraud is a crime that affects both lenders and borrowers. It can negatively affect credit scores, raise insurance premiums, increase document requirements, waste time and money and cause...
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10 Reasons why a mortgage is declined
Qualifying for a mortgage should not be complicated, and there are numerous articles written about how to get approved. This week I want to cover a few reasons why a lender could decline a mortgage...
View ArticleHow to fill out a mortgage application
The mortgage credit application is a very important document as it’s the foundation on which the rest of the financing is built. This document is referred to when preparing the applicant for approval...
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