27 Jun

7 STEPS TO BUYING A HOME

General

Posted by: Sarah Davies

It’s important to understand the home buying process, so here’s a 7-step checklist. Step 1: Down Payment The hardest part to buying a home is saving the down payment (a gift from the Bank of Mom & Dad also works). • For purchases under $500,000 minimum down payment is 5%. • Buying between $501-999,000 you […]

Read More
28 May

6 WAYS TO GET A DOWN PAYMENT

General

Posted by: Sarah Davies

When is it time to think about saving for a down payment? I would say about a year before you think about buying a home. While that’s ideal in today’s world, we often do not have much time to save for a down payment. Sometimes your landlord is planning on retiring and wants to sell […]

Read More
27 May

ZERO DOWN PAYMENT MORTGAGE–DOES IT EXIST?

General

Posted by: Sarah Davies

Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren’t able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders is offering a great zero down […]

Read More
13 May

5 REASONS WHY YOU DON’T QUALIFY FOR A MORTGAGE

General

Posted by: Sarah Davies

It’s not just because of finances. As a mortgage broker I receive calls from people who want to know how to qualify for a mortgage. Most of the time it comes down to finances but there are other reasons as well. Here are the 5 most common reasons why your home mortgage loan application could […]

Read More
8 May

5 THINGS NOT TO DO BEFORE CLOSING ON YOUR NEW HOME

General

Posted by: Sarah Davies

1. Change your job. You were qualified for your mortgage financing based on your income, years at the job and the understanding that you were there for a while. Changing jobs should be put off until after possession day. 2 – Changing your name. Make sure that your identification and your name match. Do not […]

Read More
1 May

HOW TO PICK THE BEST MORTGAGE FOR YOUR SITUATION!

General

Posted by: Sarah Davies

Most Canadians are conditioned to think that the lowest interest rate means the best mortgage product. Although sometimes that is true, a mortgage is much more than just an interest rate. You can save yourself a lot of money if you pay attention to the fine print for the total cost of your mortgage. In […]

Read More
30 Apr

PRE-APPROVALS & PRE-QUALIFICATIONS

General

Posted by: Sarah Davies

Throughout the mortgage and home buying process, there are many steps and many checkpoints a buyer will need to complete before they can move on to the next one. A buyer will not be able to close on a purchase if they do not have a lawyer. Financing conditions need to be lifted after confirmation […]

Read More
26 Apr

How to Improve Your Credit Score

General

Posted by: Sarah Davies

When applying for any sort of loan, one of the most important metrics a lender is going to look at is your credit score. But what really is a credit score, who keeps track of it, and most importantly, how can you improve yours? There are a few simple ways to keep your credit score […]

Read More
24 Apr

Buying Your First Home? These Tips Will Save Your Life

General

Posted by: Sarah Davies

So you’re wanting to buy a new home? That is some very exciting news. First question, are you prepared?! We all know big-item purchases are scary. It’s expensive, you are fully committing to this household – there is no turn backing without that pricey consequence. We totally get it. The ultimate first-step is to do […]

Read More
15 Apr

5 REASONS WHY REALTORS WANT YOU TO HAVE A PRE-APPROVAL

General

Posted by: Sarah Davies

1- It shows that you are seriously committed to a home purchase. I have been told stories by realtors of people booking a series of homes to see and then being dropped off at McDonald’s to be picked up by another realtor to see some more homes. 2.- People have an idea of how much […]

Read More