I’m Self Employed – Can I Qualify for a Mortgage?

I’m Self Employed – Can I Qualify for a Mortgage?

  Being self-employed has plenty of benefits – working for yourself, tax write-offs, and freedom of your schedule. But when it comes to applying for a mortgage, it’s often more difficult than one would like. Regardless of what you have heard though, there are options available to help smooth over the process and get you … Continued

4 Smart Ways to Save for a Down Payment

4 Smart Ways to Save for a Down Payment

Since a house is likely the most expensive purchase of your lifetime, a deposit on the house will not be a small amount of money. Most lenders require a minimum of 5% down as a down payment prior to initiating the mortgage loan for the remaining amount. The higher your down payment, the less money … Continued

The New Rules

Mortgage Rate Stress Test

Understanding the Government changes affecting the mortgage industry. Your answers to the What, Who and Why, and How The Mortgage Advisors can help! New: Mortgage Rate Stress Test   WHY did the Department of Finance implement these new changes as of October 17, 2016? The new regulations are intended to help protect the Canadian financial … Continued

BREAKING MORTGAGE NEWS! Ottawa Announces Tighter Mortgage Rules

BREAKING MORTGAGE NEWS! Ottawa Announces Tighter Mortgage Rules

The Federal Government has announced yet another important mortgage rule change in efforts to cool the housing market by implementing what they call a “stress test.” In other words, qualifying for a mortgage just got a whole lot more difficult. Effective October 17th, all insured mortgages are required to QUALIFY for their mortgage using the current … Continued

Are You Financially Prepared to Buy a Home?

Are You Financially Prepared to Buy a Home?

The decision to purchase a house is not one that can be taken lightly. Though homeownership is a rewarding opportunity and a lifelong aspiration for many, it is not suited for everyone. Unless you win the lottery, the average person does not have the funds available to purchase a house outright without the aid of … Continued