Tag

first time homebuyer
Rebuilt credit quickly to qualify for mortgage About a year ago a reader in Alberta sent me a message lamenting his poor credit score, and asking what he and his fiancee would have to do to qualify for a mortgage. Their desire was to own a home within a year. He wrote as follows: “Hello...
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Timing of credit check for mortgage application We are working with a young power couple buying their first home. They have been doing lots of research and asking some very interesting questions. Today one of them asked me       ” When it comes to doing our credit check, is it more advantageous for...
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Today a tenant, tomorrow a homeowner Recently I have been helping a real estate agent and his clients, a young couple in their twenties who are paying almost $2,000 per month to rent a single bedroom loft apartment on Queen West. They would love to own their first home, and are determined to remain in Toronto, as...
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5 signs you are ready to buy your first home I’m always on the lookout for good material for my blog, and this is not the first time Jackie Woodward, from Edmonton, Alberta, has delivered the goods. I like this article because it is spot on, yet simple, in terms of its message. A good start...
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Banker Suggests Two Year Mortgage Term For First Time Buyer Hi Ross, I have a question to ask you, about $$. My youngest son is going to buy a house in Kincardine and has been pre-approved for 250K at his bank. Good for him.The bankperson advised him to get a 2-year fixed rate when he...
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Ten Year Mortgages Are Cool These Days I’m seeing more and more clients select a ten year mortgage term these days. The traditional five year mortgage is no longer the automatic selection of the majority of people. Yes, you can get five years today at an incredible 3.04%, but you can also get ten years...
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