28 Jan

What is the Typical Rule of Thumb When Looking into Mortgage Refinancing?

General

Posted by: Jamie Arthurs

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 […]

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14 Jan

What to Do If Your Mortgage Renewal Gets Denied

General

Posted by: Jamie Arthurs

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 […]

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31 Dec

Buying a Home: Mortgage Brokers Vs. Big Banks

General

Posted by: Jamie Arthurs

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 […]

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17 Dec

Top Mortgage Refinancing Mistakes Home Owners Should Avoid

General

Posted by: Jamie Arthurs

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 […]

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19 Nov

The Details Behind Debt to Income Ratio for Mortgages

General

Posted by: Jamie Arthurs

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 […]

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5 Nov

Qualifying for a First Time Home Buyer Loan

General

Posted by: Jamie Arthurs

Buying your first home is a big step. When you are ready to buy your first home, it is wise to work with an experienced professional to guide you through the process and help you to qualify for a first time home buyer loan. When you meet with a mortgage broker, you will then have a […]

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24 Sep

How to Avoid Being Overwhelmed by Your First-Time Home Buyer Mortgage

General

Posted by: Jamie Arthurs

Handling a first-time home buyer mortgage is challenging for most home buyers. The lengthy paperwork, financial terms, and math quickly get to your head and become confusing. Arming yourself with adequate knowledge makes it easier to understand the first-time home buyer process. If you think you’re ready to apply for a first-time home buyer mortgage […]

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7 May

Do You Automatically Qualify for FTHBI When Buying Your First Home?

General

Posted by: Jamie Arthurs

    The costs of buying your first home can quickly add up, making it difficult for you to own your own home. Fortunately, federal government programs such as the First-Time Home Buyer Incentive (FTHBI) can make it easier for some to purchase their first home. FTHBI can potentially help you qualify for a first-time home buyer loan by matching your down payment contribution […]

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