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What you’ll need to refinance your mortgage To qualify for a refinance, lenders look for three things: 1) Credit A stronger score helps you qualify with A-lenders and keeps rates/fees…

This post explores how refinancing can be a powerful financial tool when used strategically not just a way to lower interest rates. The message focuses on using home equity to…

To help your appraisal go as well as possible, here’s a simple checklist: Before the visit  Tidy & stage: Clean, declutter, vacuum, dust—present it as you would for a…

Lenders check for obvious red flags (collections, late or written-off payments), and then they look for the “Three Twos.” 1) Two active trade lines Have at least two active accounts.…

When it comes to buying a new home, here is what you will need to qualify for a mortgage. You need three things: 1. Credit (if your credit score is…

As your renewal approaches, now is great time to start. We can lock a rate up to 120 days early, so you’re protected if rates rise, and if they fall,…

Sometimes you will notice that the mortgage rates online are less than the rate that we quoted. Rest assured, we can get rates that are better than what you find…

Fixed rate ·       Stays the same for your whole term (e.g., 3 or 5 years). ·       Based on Government of Canada bond yields (mainly the 5-year). Bond traders look ahead and try to guess at…

When most people think about qualifying for a mortgage, they picture the basics: saving up for a down payment, keeping debt under control, and having a stable job. It seems…

I’ve had a few clients call me recently, confused about why banks are raising their mortgage rates even though the Bank of Canada has been lowering interest rates. It does…