Category: Think Outside of the Bank

No big changes after mortgage pre approval

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No big changes after mortgage pre approval A pre-approval is granted based on your financial, employment, credit and life circumstances at the exact moment in time you asked. It stands to reason that if something significant changes between then and the time you actually make an offer to purchase, your approval could very well fly out the …

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Buyer needs 35 year am to qualify for mortgage

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Buyer needs 35 year am to qualify for mortgage Vicky may be a single parent, but from a very early age she has been buying and selling houses; taking advantage of the strength and stability of the GTA housing market to build up a net worth of almost one million dollars, and she is not …

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Power of sales process stopped just in time

Think outside of the bank

Power of sales process stopped just in time Sandra has been a loyal bank customer for more than thirty years, and when she ran into financial difficulties from losing her job last year, she looked to the bank for a sympathetic ear. She was falling behind in her mortgage payments and property tax payments – she …

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Think outside of the bank

Think outside the bank

Think outside of the bank Most of us have accounts with a chartered bank, so it’s natural we turn to them when we need a mortgage. “It’s convenient to have it all in one place” “They know my situation best” “My family has always done their mortgage with …..” “I don’t trust those other guys”…..these are a few of the …

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35 year mortgage amortizations are still available

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35 year mortgage amortizations are still available Prior to the recession of 2008-09, mortgage insurers and lenders were tripping over themselves in an effort to make housing affordable. The combination of slacker underwriting guidelines, historically low interest rates, and amortization periods up to forty years were an intoxicating elixir. To everyone’s relief, Canada’s real estate …

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