In Canada, mortgage default insurance is a requirement for homebuyers who have a down payment of less than 20% of the home’s purchase price. This
A letter of direction is a legal document that a client signs in order to acknowledge and direct the lawyer to take a fee for
Not all files have fees. Make sure you know how much and why. This topic could expand into an all-encompassing look at the actual process
What does a Mortgage Path really mean? Back in the day, a mortgage path was generally seen as the “path to pay it off”. That
For most Canadians, buying a home is the biggest investment they will ever make. And as such, they want to make sure they get the
Mortgage bridge financing is a type of loan that provides short-term financing for real estate transactions. It is designed to help individuals or businesses that
In the Brokering industry, brokers and agents use the term LTV. This is a short form of Loan to Value. Below we show you a
Alt-A Lending is what we call it in the industry. It’s also a Borrower Type as an Alt-A Lender will naturally lend to an Alt-A
In general terms, independent legal advice is provided by an outside lawyer or paralegal who is unrelated to the client’s matter, associated parties, or the lawyer
At Mortgage Suite, like all wicked mortgage companies, you can go from Pre-approval to Approval in a few hours. The approval is that feeling of
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