Mortgage Specifications for Below Average Credit

familylendingCredit Rating, FamilyLending.ca, Financial Tips, Mortgage Down Payment, Residential Mortgages

Did you have any issues with your hard earned dollars while you were younger? Perhaps you underwent an unpleasant separation and divorce, suffered a small business breakdown, or just struck an area of difficult employment? In any case, your credit score has suffered and you’re discovering it hard to acquire loans for your personal new residence purchase. Therefore, what’s an … Read More

The Advantages of Searching for a Mortgage Online

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, MortgageCanadaCalculator, Residential Mortgages

Locating the best and most cost-effective mortgage has always been a cumbersome activity. Investigating interest rates, evaluating mortgage loans, as well as reviewing sources can take a substantial amount of time, effort, and expertise. Thankfully, on-line mortgage brokers, like FamilyLending.ca, are making it their mission to relieve these stresses and make mortgage browsing faster and easier. Locating the best mortgage … Read More

Tips for Turning Your Home Into an Income Property

familylendingFamilyLending.ca, First Time Home Owner, Household Budget, Investment Property, Property Maintenance, Residential Mortgages

For years, people across Canada have been turning run down, old properties into money, by transforming homes into income properties. Although most people who watch home renovation or real estate television shows can picture themselves quickly fixing or transforming a property for a financial return, it isn’t always that easy.  If done correctly however, renovating your first home to become … Read More

First Time Home Buyer Mistakes to Avoid

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, Mortgage Down Payment, Residential Mortgages

Not Knowing What You Can Afford What the banks say you can afford, isn’t necessarily what you should spend on your first home. If you don’t already have a budget for your home hunt, now’s the time to start planning. The mortgage brokers at FamilyLending.ca recommend making a list of all of your monthly expenses (excluding rent, of course). Subtract … Read More