How to Negotiate Your Mortgage Rate

familylendingMortgage Talk Canada

It’s time to start bargaining! It goes without saying that you would like to secure the lowest possible mortgage rate. With that being said, negotiating your best mortgage rate will entail some homework. This way, you’ll be able to work out a fair request. Here are a few tips on how to negotiate the best Canadian mortgage rate. 1. Be … Read More

How to Know When You’re Ready to Purchase a Home

familylendingMortgage Talk Canada

Think you are ready to be a homeowner? Here’s exactly how you can tell! 1) You have a budget Factor in homeowner’s insurance coverage, property tax, fees, upkeep costs, and the best  available home mortgage rate. 2) You have a sizeable down payment. Generally, you’ll need a down payment worth 20 % of the house price. 3) You have a … Read More

Ways to Obtain a Mortgage When You’re Self-Employed

familylendingMortgage Talk Canada

Own your own company? Find out how you could have a house too! Data shows that almost 20% of all income earners in Canada are now self-employed. Today, lenders desire evidence of a steady income. Here are a couple of ways to ease the process and raise your possibilities of obtaining a low mortgage rate. Document Every Penny You’ll be … Read More

How to Calculate How Much You Can Afford

familylendingMortgage 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

Hot Real Estate Market: Tips For Buyers

familylendingMortgage Talk Canada

Don’t get burned by a hot market Know Your Budget It’s a risk for any buyer to get in over their head with too high of a best mortgage rate investment. Remember to consider all costs related to buying a home and owning a home. You will need to make the mortgage payments, pay the utilities, do household repairs, etc. … Read More