A Few Things to Ask Your Mortgage Broker

familylendingMortgage News, Mortgage Talk Canada

There are no silly questions. Listed below are a variety of questions to think about when speaking to your mortgage broker: How long have you been working in the mortgage industry? Years of experience is essential when it pertains to taking care of challenging mortgages. What type of education or licensing do you have? You need to confirm that your … Read More

Additional Costs of Buying a Home

familylendingMortgage News, Mortgage Talk Canada

Plan for these unanticipated costs when creating your budget. A number of first time homebuyers are often shocked when they see the total cost of their home purchase, including the additional expenses, on closing day. Here’s a list of a few of the “hidden” expenditures you should expect to pay. Land Survey Despite the fact that most lenders may agree … Read More

How to Calculate How Much You Can Afford

familylendingMortgage News, Mortgage Talk Canada

Know what you can afford – get a mortgage pre-approval. When it pertains to securing a mortgage, people would like to be aware of the amount of money they are able to borrow. The following are a few quick formulas to assist you to determine exactly what you are able to afford. Loan to Value (LTV) Lenders will only allow … Read More

Should I Rent Or Buy?

familylendingMortgage Talk Canada

Are you ready to take the leap into homeownership? Weighing out the pros, cons, costs, and considerations is the best way to help you determine if you are ready to own a home. Renting Pros Renting is a wonderful first step to living on your own. Given that it lacks long term commitment many rental agreements generally only last one … Read More

How Accelerated Payments Can Fast Track Your Financial Freedom

familylendingMortgage Talk Canada

Fast track your mortgage with these easy tips. There are options available to help you enjoy a mortgage-free lifestyle sooner rather than later. Let’s look at the Different Types of Mortgage Repayment Options Monthly Mortgage Payments The traditional mortgage payment; where the payments are made monthly on the same day each month. Bi-Weekly Mortgage Payments You make payments every second … Read More