What You Need To Know About The 6 C’s Of Lending
Have you ever wondered what a Lender looks at when it comes to giving you a mortgage? And yes, there are specific qualifications and standards. In this post, we are not getting into your ratios or your rate. We are simply going to explain the 6 Cs, what they stand for, and what they mean. […]
Income And Your Mortgage
Have you ever wondered what the income requirements are when applying for your mortgage approval? Whether its a refinance or a purchase it always seems to be a task gathering all those documents that the banks/lenders require. Sometimes, it seems that there is always one more hoop to jump through, or one more document to […]
8 Mind-Numbing Facts About RRSP Mortgage Down Payments
Now that you want to buy a home it’s time to look at some creative ways to obtain your down payment. Sometimes it makes sense to withdraw from your investments to purchase a home, but a good discussion with your investment advisor and/or accountant is highly recommended. The specific investment we’re talking about in this […]
3 Most Important Factors Of Your Mortgage Approval
Everyone wants the best rate. It’s incredible to think that the best rate comes with a price. That price is insurance. But nevertheless, you get a deep rate discount when you get an insured mortgage approval based on these 3 important factors. Income You have proof of employment income and usually, they like to see […]
