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Credit Reports: You’ve Scored! But Are You Playing the Game?

Credit Reports: You’ve Scored! But Are You Playing the Game? For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things bo...
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6 Things all Co-signors should consider

6 Things all Co-signors should consider Co-signing on a loan may seem like an easy way to help a loved one (child, family member, friend, etc. ) live out their dream of owning a home. In today’s market conditions, a co-signor can offer a solution to overcome the high market prices and st...
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Mortgage renewals with the same lender are on the rise, but should you just sign on the dotted line?

Mortgage renewals with the same lender are on the rise, but should you just sign on the dotted line? If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According...
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5 Mistakes First Time Home Buyers Should Avoid

5 Mistakes First Time Home Buyers Should Avoid Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Bu...
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First Time Home Buyers Incentive Program

First Time Home Buyers Incentive Program The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give ...
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4 Ways to Make the Mortgage Process Smoother

4 Ways to Make the Mortgage Process Smoother Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take whe...
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Stress Test Rate & Recent Decrease

Stress Test Rate & Recent Decrease Currently, all borrowers in Canada need to qualify for a new mortgage at the current Bank of Canada Benchmark Qualifying Rate or at their approved mortgage interest rate plus 2.0%, whichever is higher. For more than a year, this Bank of Canada Benchm...
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Mortgages are like coffee

Mortgages are like coffee The most common question we get for mortgages is “what is your best rate?” Now imagine we walked into our local coffee shop and asked “what is your best price?” Doesn’t happen. There are all kinds of different coffees and lots of ways to ...
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20 Terms that Homebuyers Need to Know

20 Terms that Homebuyers Need to Know Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. ...
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Income Qualified

Income Qualified There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary inc...
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