by scottm | Oct 18, 2024 | Mortgage Renewals, Mortgage Advice, Mortgage Broker
Yes, you can renew your mortgage with bad credit in Canada. Banks are not required to renew you, but alternative lenders, B lenders, and private mortgage lenders approve renewals based on home equity instead of credit score. Homeowners can qualify with no income or...
by scottm | Oct 16, 2024 | Mortgage Broker, Mortgage Advice
Understanding your financial health is important for making informed decisions about loans, mortgages, and long-term investments. One of the most critical indicators to identify the health of your financial situation is the Debt-to-Income (DTI) ratio. Whether you’re...
by scottm | Oct 9, 2024 | Stop Foreclosure, Mortgage Advice
Calgary Foreclosures Are on the RiseForeclosure pressure has been building across Alberta. According to CMHC, national mortgage delinquencies have been climbing, with Alberta among the provinces feeling the strain as higher living costs, elevated interest rates, and...
by scottm | Oct 8, 2024 | Mortgage Advice, Mortgage Broker
Understanding the Loan-to-Value (LTV) ratio is essential for anyone navigating the world of mortgages, real estate, or personal finance. Whether you’re a homebuyer, investor, or financial professional, grasping this concept can greatly impact your financial decisions....
by scottm | Jul 18, 2024 | Mortgage Advice, Mortgage Broker
Whether it’s refinancing mortgage or securing new one, there are different financing products available in the market that is crucial for homeowners to understand to make wise decision. Among them Open Mortgage and Closed Mortgage are two important terms that decides...
by scottm | Jul 10, 2024 | Mortgage Advice, Mortgage Broker
In Canada, home financing comes with a range of mortgage options for homeowners to choose from. One flexible solution that has grown in popularity is the readvanceable mortgage. This type of mortgage offers unique benefits and flexibility, making it a viable choice...
