Mortgage Information
HELOC, home equity loans and remortgaging – what is best for you?
There are times in our lives where we require a chunk of cash for things like post-secondary school for the kids or a renovation or debt consolidation and your home can actually help as a lending resource. CREA has an awesome article on some of…
Choosing a Mortgage Lender
I love a smooth real estate transaction. And it really does take a team of professionals working for you to make it all come together. One member of your dream team is your mortgage specialist, so when I saw this blog the other day on…
Rising Mortgage Rates – CREA weighs in on the Bank of Canada increases
With the Bank of Canada raising the interest rate to 2.5%, and further increases in sight, many Canadians are wondering what the future holds for lending, in particular as it relates to mortgages. The Canadian Real Estate Association (CREA) posted a blog shortly before the…
The Differences Between Being Pre-approved and Pre-qualified
Buyer: Yes, I’ve been pre-approved. Me: Pre-approved or pre-qualified? Buyer: What is the difference? A conversation I’ve had with many buyers and it is so important that you understand the difference between a pre-approval and a pre-qualification so you don’t hit an unnecessary road block…