by awinch | Dec 21, 2022 | Uncategorized
You might have heard the myth that you have to have zero debt in order to buy a home. The truth is, it’s the payment of your debt that is the focus. In the mortgage world, it’s all bad debt. Anything that has a payment associated with it works against you from the...
by awinch | Dec 7, 2022 | Uncategorized
You probably know that things like income, assets and debts, credit score, employment history, as well as your down payment amount all affect the pre-approval process and mortgage you’ll qualify for. Did you know that the type of home also impacts how much you’ll be...
by awinch | Nov 30, 2022 | Uncategorized
With the real estate market being what it’s been the past few years, the mortgage application and approval process is more important than ever. Stress test rates are hitting new highs and many buyers (especially first-time ones) require a cosigner. So, let’s take a...
by awinch | Nov 24, 2022 | Uncategorized
Timing is everything — especially in real estate! Given everything that’s been happening in the housing market recently, you’ve likely heard about cases where people’s closing dates on their current and new places didn’t line up. So, what happens when you need the...
by awinch | Nov 10, 2022 | Uncategorized
Throughout your mortgage process, you’re going to encounter up to four different types of insurance: default, title, home, and life/disability insurance. Let’s take a look at each of these insurance types, when they’re required, and what they provide you! Default...
by awinch | Nov 3, 2022 | Uncategorized
Did you know that the average loan-to-value ratio in Canada was 58% (as of the second quarter of 2021)? So, what does that mean for you? The loan-to-value (or LTV) ratio represents the mortgage line as a percentage of the total appraised value of a property. For...
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