There is a misconception out there that once you’re pre-approved, you’re good to go. A pre-approval simply means that based on your CURRENT income, expenses, down payment and credit you SHOULD be able to get fully approved once you find the right property (this is the first half of the equation). Many places won’t even pull […]

Securing a rate hold is like having insurance on your mortgage rate – you no longer have to worry about mortgage rates increasing while you find your new home over the next 90-120 days. And if rates drop within that same period, so too will your preapproved rate. For instance, if you obtain a 2.69% […]

There seems to be a lot of confusion about what exactly a rent to own is, so let’s clarify! A rent to own is where a landlord and a tenant agree that at a certain time the tenant will purchase the home from the landlord. So is it a good idea? We have all heard […]

Many people find themselves renting a home and helping others get ahead financially. When the question of “why rent” is posed, the most common answer is the issue of not having a down payment. What is interesting is that the person could afford the monthly payments but simply does not have the down payment. Home […]

Becoming a landlord can seem very appealing.  There is a large influx of people to BC, Alberta and Ontario and they all need a place to live.  But before you dive headfirst into this potentially lucrative pool, there are some things to consider. Aren’t there always? Down Payment You will need at least 20% of […]

Building your dream home can sound really exciting, but have you thought about everything that goes into building a new home? Here are 7 Questions you should ask yourself before making any concrete plans. 1. What are my expectations with this new home? Are you looking for a custom home build where you are responsible […]

Around the end of May 2014, the market started to experience a declining trend in mortgage rates. Though the housing market was already superb, professionals in the industry began gearing up for an influx in home buying. Their predictions were correct and we’ve seen more and more houses of higher value being sold since that […]

I have many friends that shop online and go to dozens of different sites in order to save a few bucks on books, TVs, appliances, etc. Is this a good idea? It definitely is if the savings are worth it and you don’t mind taking the time out of your busy day to do all […]

Looking to purchase a Condo in a Strata? During my time as a Mortgage Broker,  I have helped Buyers side step a few pitfalls. Most of these are really easy to avoid and come down to simply doing your own due diligence prior to and during the shopping process. #1 – Work With Your Own Realtor! The first […]

Common Myths About Credit Scores Because the top secret formula has never been released there are common myths that are floating around about the ones credit score, here are the top 5. 1. Too Many Credit Cards Will Hurt My Credit Score – Actually, cancelling healthy active cards or accounts hurt more as all of the payment […]