Do Your Homework and Get Pre-approved For a Mortgage

Shopping for a home

Shopping for a home without a mortgage pre-approval is like forgetting to do your homework. Good luck explaining to your real estate agent that your dog ate your pre-approval. Applying for a mortgage pre-approval is the first step when planning to buy a home. A lender will examine your financial situation to make sure that […]

New Mortgage Rules Coming to Canada Soon

New Qualifying Mortgage Rules

The Government of Canada announced new mortgage rules that will be coming into effect on October 17, 2016. The rules will directly impact those purchasing a home in Canada with less than a twenty percent down payment. Canadians applying for a default insured mortgage (high-ratio mortgage) will be required to qualify at the Bank of […]