First Time Home Buyer Program Unlock the Door to Your Dream Home First time home buyer program. Owning a home is a major milestone in life. It allows you to build equity, invest in your future, and make a space that reflects your style and needs. This article is written for the benefit of first […]
Proposed-mortgage-rules
Market Hangs in the Balance Amid Proposed Mortgage Rules Although the Canadian real estate market is starting to pick up, there are growing concerns the new OSFI proposals might make qualifying for a mortgage more difficult. These new proposals by the Office of the Superintendent of Financial Institutions might negatively impact the Canadian real estate […]
Refinancing-Your-Mortgage-with-Bad-Credit-in-Canada
Refinancing Your Mortgage with Bad Credit in Canada? Here’s Everything You Need to Know Refinancing your mortgage with Bad Credit in Canada? Mortgage refinancing means trading your current mortgage for a new one with better loan terms, such as a lower interest rate, a lower monthly payment, or a different repayment period. When you refinance […]
is-a-second-mortgage-right-for-you?
Is a Second Mortgage Right for You? An Ultimate Guide Is a second mortgage right for you? An ultimate guide for you. Are you a homeowner needing extra funds to consolidate debt, renovate your home, or pay for college tuition? A second mortgage might be the answer you’re looking for. But what is it exactly […]
Steps to qualify for a bad credit mortgage
Getting a mortgage with bad credit in Canada can be challenging, but it’s not impossible. Here are some steps you can take to increase your chances of getting approved for a bad credit mortgage: Check your credit report: Before applying for a mortgage, it’s important to check your credit report and make sure that all […]
How to qualify for a bad credit mortgage
How to Qualify for a bad credit mortgage To Qualify for a bad credit mortgage institutionally, is no easy feat these days. Continued changes and tightening guidelines makes qualifying more difficult, but there are things you can prepare to help you through the process. It all starts with an understanding of bad credit ratings, as […]
Improve-your-credit-score
5 Ways to improve your credit score Maintaining a good credit rating is necessary to improve your credit score. A good credit rating can help you get a better interest rate. This will save you hundreds of dollars over the life of a loan. That’s why it’s important to understand how to improve your […]
bad-credit-mortgage-refinancing
Refinancing with bad credit Refinancing with bad credit Introduction Are you ready to refinance with bad credit? If so, you may be wondering what to do and how to go about it. Refinancing with bad credit is tricky. But with the right information and guidance, it’s possible. First, you need to understand what bad […]
get-a-mortgage-with-bad-credit
Get a mortgage with bad credit? Get a mortgage with bad credit? When you are decided to purchase a home, chances are you will need a mortgage. A mortgage is a loan secured by the property you are buying. But what happens if your credit rating is bad? CanadianMortgageFinder has been providing mortgages to […]
home renovation loan
What to Know Before Taking Out a Home Renovation Loan Home renovation loan? Renovating your house is a great way to give it a fresh look and add some property value as well. Whether it be a kitchen remodel, new bathroom tiling, or a full-on extension, there are plenty of opportunities to renovate your home […]
credit score and mortgage rate Canada
How does credit score affect your mortgage rate in Canada? Let’s face it, for most people the most expensive buy is their home. It is fair to say, one of the most important decisions too. The question most buyers ask is “how will my Credit score determine my mortgage rate in Canada“? Canadian […]
Mortgage Lenders in Canada
A-side, Alternative B lenders, and Private lenders. Mortgage lenders in Canada, there are 3 type of lenders for mortgage financing-A-side, Alternative B lenders, and the unregulated private lenders. A lender is the preferred choice because pricing is the lowest. To get an A side mortgage, one needs to qualify based on the Federal guidelines. […]
Consumer proposal and mortgage approval
Unpaid Consumer Proposal and mortgage approval Do not let anyone take advantage.A borrower contacts Mr Mormile to refinance the existing mortgage. The proceed were to pay the balance of a consumer proposal as well. The borrower explains they were dealing with another broker. Concerned about the mortgage approval they had, they contact Mr. Mormile for […]
top 10 reasons to refinancing your home
Reasons to Refinance your home When interest rates are rising, refinancing may make sense locking in to a rate before they go higher. Refinancing your home to lower your interest rate is a sensible idea, but not the only reason to. The following is a list of top 10 reasons to refinance your home. […]
mortgage stress test
Under the new mortgage stress test implemented by the Federal Government as of October 2016, may limit new home buyers to the amount of home they can afford and qualify for. The move sparked by potential hikes in interest rates and increasing housing prices, is aimed at insured mortgages up to terms of 5 year […]
Alternative Mortgage
Alternative Mortgage Alternative Mortgage More people are calling these days asking if we arrange mortgages with B lenders. Starting to believe more borrowers are not qualifying for traditional mortgage financing. If your bank has turned you down, a B lender mortgage solution ( alternative mortgage), may be for you. A mortgage, for a credit challenged […]
steps for first time buyer
First time buyer First time buyer? For a first time home buyer the buying process can be overwhelming. Getting to know your options, calculating the costs and getting a mortgage pre-approval can jump start the process. Following these four easy steps will increase your confidence and make you ready for your first dream home. If […]
Alternative Lending Mortgages
Alternative Lending Mortgages Alternative Mortgage Financing More people are calling these days asking if we arrange mortgages with B lenders. Starting to believe more borrowers are not qualifying for traditional mortgage financing. If your bank has turned you down, a B lender mortgage solution, may be for you. A mortgage, for a credit challenged borrower […]
Self-employed mortgage
SELF-EMPLOYED? Looking for a mortgage? Qualify for a self employed mortgage? As an entrepreneur, you’ve worked hard to create your own business. You understand the value of working with like-minded people who share your passion for success, and believe in the power of the individual. Now that you are ready to fulfill your goal of […]
mortgages for self employed
Mortgages for self employed You’re not alone. As an entrepreneur, you’ve worked hard to create your own business. You understand the value of working with like-minded people who share your passion for success, and believe in the power of the individual. Now that you are ready to fulfill your goal of home ownership and are […]
home renovations
Home Renovations Home Renovations can increase the value of your home. Updated bathroom or kitchen, new hardwood floors, or energy efficient solutions all are valuable ways to add value and enjoy the benefits of your hard work. One can qualify for a renovation loan or mortgage regardless of credit. As long as there is enough […]
mortgage rates bad credit
Mortgage rates bad credit Mortgage rates for Bad Credit Mortgages. Most people fear when they ask about mortgage rates for bad credit, cringe. typical for bad credit. This is far from the truth because in today’s market place, mortgage rates for bad credit have actually decreased substantially from 2008 when the sub prime mortgage landscape […]