Increasing Your Purchase Power Most individuals that we connect with to discuss a Mortgage Pre-Approval also want to know how we can go about Increasing Your Purchase Power. More often than not, those individuals could afford to make mortgage payments. Usually,...
One of the most common questions we are asked when going through the pre-approval process: Will this hurt my credit score? It’s a fair question. The reason many people ask if a pre-approval will hurt their credit score is due to the fact that typically a hard...
Let’s talk about the state of the rate! In order to find out how the current Stress test rate impacts you, first you need to determine if you’re an insured or uninsured borrower. Option one: Do you have less than 20% down? Securing an...
On June 4, the Canadian Mortgage and Housing Corporation (CMHC) announced that it would be tightening the criteria to get a mortgage with less than 20% down payment. These changes are set to take place starting July 1, 2020 and will be applied to CMHC insured...
Ready for this month’s Fast Five? Check out the 5 things happening in the mortgage industry right now that you need to know! If you have any questions about the below, please don’t hesitate to reach out to us–we are here to help you! File For...
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