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mortgages 101 700450X THUMBNAIL
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, we cover the basics of getting your first mortgage.
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Mortgage Stress Test
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense to bypass this process, yet still keep affordability top of mind. The question is how to safely bypass the stress test and secure the mortgage financing you need when the banks...
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Whether shopping for a new home, have a mortgage renewal coming up, want to refinance or just want to know how much you're able to spend, getting a mortgage pre-approval is well worth it, and can save thousands of dollars or more. The principal benefits are protection against rate increases, and the safety and security...
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mortgage pre approval 700450X THUMBNAIL (2)
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for pre-approval and final approval.
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first time 700450X THUMBNAIL
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps to become a homeowner, and 5 common mistakes that first time homebuyers often make.
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co-signing a mortgage myth700450X THUMBNAIL
What makes a strong mortgage co-signer? Not a great job, nor huge equity with tiny mortgage, nor a fantastic credit score is enough on its own. Sky high housing costs have many asking whether a co-signer can help with mortgage qualification. What are lenders looking for in a co-signer?
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