You’d think an online calculator is a pretty straightforward device, one that you should be able to place your confidence in, and for the most part, they are. Calculators calculate numbers. The numbers are reliable, but how you interpret those numbers, not so much, especially if the goal is mortgage qualification. If you rely on […]
Mortgages for Seniors Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to […]
Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key to financial success here is getting things under control as quickly as possible. You must demonstrate to the potential lenders that what […]
COVID-19 has the housing market in Canada flipped upside down. As a result, we are seeing more and more people who are changing their living habits. This change in behaviour is directly affecting the real estate market both locally and nationally. Older folks who are on the verge of retiring are opting to stay in […]
Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best idea. Ideally, when planning out how that looks, […]
Will taking parental leave impact your ability to get a mortgage? Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your […]
What are lenders looking for when it comes to Mortgage Financing When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity, and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for […]
Renew your mortgage in 2022 It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, the lender is somehow obligated to renew your mortgage. The truth is, a lender is never under any obligation to renew your mortgage. When you sign a mortgage contract, […]
How to Appeal Your Property Tax Assessment in BC The BC Assessment Authority has released the 2022 property tax assessment numbers for the year. No surprises, but they are all way up! If you are wanting to appeal your assessment then we are providing you with a guide to share and assist in your appeal. […]
