Mortgage Info
Arranging to pay for that property you plan to buy is one of the most important financial decisions you will ever make. Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved from the mortgage lender of your choice. This will officially address any questions about your eligibility, rate, terms and it will enable you to better negotiate for the property of your choice.
By preparing yourself and your finances before a property purchase, you can ensure a smooth finance process and can potentially save thousands on your loan. Learn more about arranging your mortgage and get familiar with mortgage options and terminology.
After you decide to buy, your agent will send the property and offer details to the mortgage lender, along with any other information requested, and your actual mortgage can be approved within hours.
Check helpful mortgage info below:
MORTGAGE INFORMATION:
- Arranging Your Mortgage
- How a Lender Makes Decision About You
- Your Credit Score
- Your Down Payment
- How to Save for a Down Payment
- Using an RRSP for a Down Payment
- Goverment Programs Available for Home Buyers
- Get Preapproved for Mortgage
- Type of Mortgage
- Pay Mortgage Faster
- Cut Years Off Your Mortgage
- Mortgage Calculators
- Mortgage Insurance
- Mortgage Default Insurance
- Mortgage Protection Life Insurance
- Personal Life Insurance
- How to Match the Home You Buy to Your Pocketbook
- Real Estate Info
FREE PUBLICATIONS (pdf format)
- Shopping Around for a Mortgage
- Changes To Canada's Mortgage Market
- Choosing an Amortization Period
- Paying Off Your Mortgage Faster
- OSFI Releases Guideline on Mortgage Underwriting Principles
- Understanding Variable Interest Rate Mortgages
- Understanding Reverse Mortgages
- Making an Offer and Closing the Deal
- Canada’s Housing Construction System
YOUR CREDIT SCORE
Credit scoring model seeks to quantify how likely the consumers are to pay off their debt without being late. The more your credit file demonstrates that you pay your debt on time, the more desirable you become as a potential customer. The higher the client's score is, the less likely they are to default on their loan.
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Buyer Info
Since choosing a right property to buy starts with needs and desires and finishes with a sizable portion of your earnings used for paying for it, it's important to ensure that the property you choose both meets your needs and is a good "fit" with your financial situation.
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