Mortgage Blog
How to Properly Read a Property Appraisal
Rtgage amount, you might need to make up the difference with a larger down payment to secure the mortgage you're seeking.furthermore, if the apprai
The Pros and Cons of Buying a Newly Constructed Home
N for you.your financing plan can also vary based on the size of your down payment. for homes over $1 million in value, you are required to put down a p
The Biggest Challenges of Getting a Mortgage
Role in your mortgage approval.stringent qualification criteria & down payment requirementsin canada, obtaining a mortgage requires navigating throu
Tips for First-Time Home Buyers
of approval are your income, your credit score, and the size of your down payment. strong, steady income indicates to your lender that you have enough
Condo vs. House: Investment Opportunities
a much higher asking price, and therefore will require a much larger down payment. with the exception of some private mortgage lenders, in canada, typi
Everything You Need to Know About Property Tax in Toronto and the GTA
this reason, many lenders require first-time buyers who make a small down payment (<20%) to select this method of property tax payment.under this me
How to Buy a Foreclosed Home in Canada
T consideration will be your budget. you should aim to prepare enough down payment, pay down your existing debt, and correct your credit score before be
12 Mortgage Questions to Ask Your Lender
Ent history. you can also improve your terms by putting down a larger down payment, thereby reducing the risk to your lender.3. how much can i borrow?al
What Is a Sufficient Income to Get a Mortgage in the Present Day?
Ketable and that the borrowers have a realistic exit strategy.size of down payment: the larger your down payment, the better your mortgage terms will be
What’s The Difference Between Pre-qualified and Pre-approved?
Yment (confirming salary, position, and length of employment)proof of down payment through bank statements (some lenders may have minimum down payment r
What is a Multi-Generational Mortgage?
take out the mortgage and the others to contribute funds towards the down payment or monthly mortgage payments. for more information on co-signing a mo
Extended Amortization Explained
E only way to qualify for a longer amortization period is by making a down payment of at least 20%.how does your amortization period affect your mortgag
