Buyers

Buyers, Buyers, Buyers

8 Strategies to Secure a Lower Mortgage Rate

8 Strategies to Secure a Lower Mortgage Rate According the the Canada Mortgage and Housing Corporation, the majority of mortgage borrowers opted for variable over a fixed interest rate. Variable mortgages are typically pegged to the lender’s prime rate, which means they are immediately affected by rising interest rates. Many homebuyers are finding it increasingly […]
What does my Mortgage Specialist need?

What does my Mortgage Specialist need? Confirmation of your down payment. Savings or investment statements over the last 90 days Copy of the sale agreement (if the money is coming from the sale of an existing property) Gift letter (if the down payment will be gifted to you from someone else) Withdrawal from RRSP under […]
Why do I need to get Pre-Approved?

Why do I need to get Pre-Approved? A pre-approved mortgage lets you know: How much you can afford. Down payment required. What your interest rate will be. What your monthly mortgage payments will look like. This can help you narrow down your search. It also helps: Eliminate surprises with financing once you’ve made an offer […]
Buyers

First Time Buyer… A Few Things You Should Know

Are you a first time home buyer? Here are 4 things you should know: You do not have to pay your realtor. All MLS listed homes (so all those homes you browse on realtor.ca) have compensation included in the list price for both the Listing Realtor AND THE BUYER’S REALTOR. So pick a realtor to […]

Buyers 8 Strategies to Secure a Lower Mortgage Rate 8 Strategies to Secure a Lower Mortgage Rate According the the Canada Mortgage and Housing Corporation, the majority of mortgage borrowers opted for variable over a fixed interest rate. Variable mortgages are typically pegged to the lender’s prime rate, which means they are immediately affected by rising interest rates. Many homebuyers are finding it increasingly […]

What does my Mortgage Specialist need? What does my Mortgage Specialist need? Confirmation of your down payment. Savings or investment statements over the last 90 days Copy of the sale agreement (if the money is coming from the sale of an existing property) Gift letter (if the down payment will be gifted to you from someone else) Withdrawal from RRSP under […]

Why do I need to get Pre-Approved? Why do I need to get Pre-Approved? A pre-approved mortgage lets you know: How much you can afford. Down payment required. What your interest rate will be. What your monthly mortgage payments will look like. This can help you narrow down your search. It also helps: Eliminate surprises with financing once you’ve made an offer […]

Buyers First Time Buyer… A Few Things You Should Know Are you a first time home buyer? Here are 4 things you should know: You do not have to pay your realtor. All MLS listed homes (so all those homes you browse on realtor.ca) have compensation included in the list price for both the Listing Realtor AND THE BUYER’S REALTOR. So pick a realtor to […]