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 […]
What to Know Before Taking Out a 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 however you […]
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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 […]