Buying your first home is an exciting yet challenging journey. We do our best to educate all our clients before going through the home buying journey. We know that first-time home buyers are likely to have a lot of questions and need extra guidance. We specialize in just that! Call us today to learn more or […]

If you are looking to buy a home, you have probably heard about a debt to income ratio for a mortgage. This is one of the many parameters that a lender will use to assess if you will be able to pay back on a mortgage easily enough. There is no official perfect number for […]

CREDIT! Yet another chicken and egg story of the real world! I don’t have credit, but I need credit to get a loan, credit card, or mortgage. So, how am I supposed to get my first mortgage without any credit? Many young people have very little knowledge of their own credit and how credit works. You don’t […]

Homeowners have many options for obtaining the funds needed to renovate their properties – such as home equity loans, home equity lines of credit, personal loans, and mortgage refinancing. But what if you plan to purchase a home that needs fixing up? In this case, there is another frequently overlooked home renovation loan option: a purchase-plus improvement […]

Mortgage refinancing involves taking out a new home loan to pay off your existing one. There are many reasons why a homeowner might consider refinancing, but the most common reason is to consolidate other debt or lower your interest rate. Not only does consolidating high interest debt save homeowners hundreds of dollars every year, but it […]

When your mortgage matures, it indicates the end of the current term of your loan. When your term is shorter than your amortization period, you have to go through the renewal process several times until you pay off the entire loan. Before your term expires, your lender will send you a renewal offer. The offer […]

Buying a home is an exciting venture; it can also be overwhelming and stressful! There are many factors to consider, such as a mortgage broker. You want to find someone local who knows the market, so if you’re buying in Edmonton, you’ll want a mortgage broker in Edmonton, and likewise if you’re buying in Toronto, you’ll […]

There are several reasons for wanting to refinance your home. Perhaps you’re looking to pay off your credit card debt, update your kitchen, or reduce your mortgage payments. Refinancing can make good financial sense; but there are things you should be aware of before you jump in to the first offer available to you. Mortgage refinancing […]

When your mortgage is up for renewal, do you know what you are going to do? You will receive a slip in the mail from your bank saying that to renew all you have to do is sign the form and mail it back in. Pretty easy, right? Banks are hoping that you will be […]

The Debt to income ratio (DTI) is the measure of the debt held by a household to the amount of disposable income. DTI ratio is calculated by summing up all the debt a household has (mortgages, car loans, credit card debt, personal loans) and dividing it by the annual income (before taxed and deductions). Contact Jamie […]