Blog

Tired of paying rent?

Monday December 18th, 2017

Tired of paying rent?

Are you tired of paying the mortgage of your apartment building’s owner? Are you ready to make the leap and become a homeowner? You might feel totally ready, but, in my opinion, the first step you need to take before you go home or condo shopping is to get yourself pre-approved. A pre-approval allows you […]
Read more

Another good reason to obtain a pre-approved mortgage.

Monday December 11th, 2017

Another good reason to obtain a pre-approved mortgage.

Patrick is walking around in the city and spots a condo for sale that interests him. He immediately calls the real estate agent whose phone number is on the sign to find out the price and to visit the condo. The real estate agent informs him that he has just received a purchase offer on […]
Read more

Can’t find the property you want to buy?

Monday November 27th, 2017

Can’t find the property you want to buy?

Shabby carpeting , splintered moldings, a bathroom from a bygone era, and a kitchen with old melamine cabinets…There always seems to be something wrong when looking around for a potential new home. Did you know that it is easy to add renovation costs to the mortgage on your future home? For example, you visit a […]
Read more

What do we do if we just made an offer on a house, but haven’t sold our condo yet?

Monday November 20th, 2017

What do we do if we just made an offer on a house, but haven’t sold our condo yet?

Start by asking yourself this one all-important questions: could you qualify for 2 mortgage loans – your current one on your condo and a new one for the house you want to buy? In effect, even if you intend to sell your condo, all the condo-related expenses (mortgages payments, municipal and school taxes, heating, and […]
Read more

Can a bridge loan be a good solution ?

Monday November 13th, 2017

Can a bridge loan be a good solution ?

A bridging loan, better known as a “bridge loan” provides a solution for all buyers in the process of purchasing a property who have received an unconditional commitment for the purchase of their current residence but where the signing dates at the notary have not been scheduled on the right sequence. Although in the majority […]
Read more

Your credit rating: Debunking the myths

Monday November 6th, 2017

Your credit rating: Debunking the myths

Your credit rating, also known as your credit score, is a number assigned by credit bureaus based on your debt payment habits. The lower your score, the more risky it is for lenders to loan you money. The higher your score, the less risky it is. Unfortunately, there’s a lot of misinformation surrounding credit scores, […]
Read more

Important changes to Mortgage financing standards. Effective January 1st, 2018

Wednesday October 18th, 2017

Important changes to Mortgage financing standards. Effective January 1st, 2018

The Office of the Superintendent of Financial Institutions (OSFI) published on Tuesday, October 17, 2017 the final version of its B-20 Guideline, Residential Mortgage Underwriting Practices and Procedures, that all federally-regulated financial institutions must adhere by January 1st, 2018. The key change applied will affect anyone wishing to purchase or refinance a property (1 to 4 […]
Read more
Page 3 of 1012345...10...Last »