Is Your Home Smart?
Remember the Jetsons, that futuristic family from the popular ‘60s cartoon? Their house had all types of neat gadgets and gizmos that you probably wished for in your own life. Believe it or not, today’s tech is making these “homes of the future” accessible now — and it’s more practical than you might think.
Quite often, Clients are hesitant to start a mortgage application because there is a belief that it will negatively impact a credit score. This article is intended to “clear the air” on this common misconception.
If you’ve ever questioned whether you can get into the housing market with little savings, there are options available! Many people are unaware, but there are programs in different counties and regions throughout Ontario to help residents achieve their dream of home ownership with various grants.
Lenders are watching your every financial move from your approval point until your closing date. Just because you've been approved and signed all your mortgage documents, does not mean the Lender will not take away the approval - read your terms and conditions! If you are looking for a new vehicle or credit products, or want to dispute a payment, wait until AFTER your mortgage closes, or you risk losing your approval.
If you have not been through the mortgage financing process within the last 5-10 years, brace yourself for a majorly different process! Here's a brief timeline of the mortgage rule changes that have occurred in Canada since 2008. We are all extremely curious to see if 2019 brings more rules, or finally some softening.
I see myself as more than just a "Mortgage Guy" or a last resort for home financing solutions - my goal is that when it comes to my client's biggest asset, and greatest expense, I am providing the top-quality advice that will help save significant amounts of money throughout the life of a mortgage. Since it is a brand-new year, why not start off by reading this blog and trying out some of the simple, and cost-savings tricks.
If you find that you aren’t getting approved for credit cards or mortgages, or aren’t getting favorable rates for financing, then you might need to make some improvements to your credit score. Even if your credit history isn’t great now, it’s never too late to learn how to improve it.
Successfully obtaining a mortgage is one of the first steps you need to take towards fulfilling your dream of homeownership. However, to obtain a mortgage, there’s a process that has to be followed, and a majority of first-time homeowners do not know how to go about with it.