Mortgages
Mortgage Pre-Approval FAQs
Mortgage pre-approval is essential to knowing what your affordability range is before you make an offer to purchase a home ...
COVID-19 Impact on Canadians’ Financial Well-Being
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ...
What is a Consumer Proposal?
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy ...
What You Need to Know About Mortgage Co-signing
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy ...
How To Buy A Home In The HOT, HOT, HOT Ottawa Market
The Ottawa Region has been on a tear for a few years now, and there is no sign of things ...
Homeowners in consumer proposal want to renovate their home
Homeowners in consumer proposals often find themselves with more options than renters. The strong real estate market might have yielded ...
ASKROSS Answers: As A First Time Home Buyer, How Do I Use My RRSP...
A first time buyer with questions about tapping into their RRSP when buying their first home comes up quite often ...
Why Does Small Down Payment Get A Lower Mortgage Rate?
It's counter-intuitive that high-ratio higher-risk mortgages qualify for lower interest rates, and banks will compete to go lower. We explain ...
The Myths About Co-Signing For a Mortgage
What makes a strong mortgage co-signer? Not a great job, nor huge equity with tiny mortgage, nor a fantastic credit ...
Rising Interest Rates And How They Impact Your Mortgage
Here we explain the importance of protecting against rising interest rates as you approach your mortgage renewal date or while ...
Not The Time For Short Closings In the Toronto Real Estate Market
Looking back to the Spring of 2017 we saw a period of uncertainty in the real estate market. A liquidity ...
You Must Review Your Credit History Before a Mortgage
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if ...
Remove Co-Signer From Mortgage
Some people use a co-signer to obtain a mortgage. Being a co-signer can adversely affect your own mortgage prospects. A ...
What If Your Appraisal Comes In Too Low
Some buyers are being pressured to limit (or even eliminate) conditions in their offer to purchase these days. If you ...
What If Your Appraisal Reveals Problems
This year we have seen several instances where appraisals played a key role in determining the success of a purchase ...
Explain Mortgage Amortization Period And Term
Mortgage professionals often fall into the trap of presuming knowledge and understanding of our terminology that simply isn’t there – ...
