Mortgage Blog
Using a Home Equity Loan for Investment Properties
Ce, you can tap into the equity of your existing property to make the down payment on the new property. the home equity loan may also be used to make ho
Can I afford a million-dollar home?
To afford a million dollar house?the requirementslet’s start with the down payment. this is the place where most borrowers are deterred from continuing
What Type of Mortgage Lender is Right for You?
Expenses and existing debts. if you have less than 20% saved up for a down payment, then the need to have exceptional income and credit become even more
Pros and Cons of Co-Signing a Mortgage
Some limitations as to what a co-signer cannot do for you. in canada, down payment requirements are reasonably stringent for properties at varying level
How does a second mortgage work?
Ome of the other common uses are:tuition for your children’s educationdown payment towards purchasing another propertyother higher yielding investmentsf
Fastest ways to save for a down payment
, then one of the first steps is to gather the funds required for the down payment. in canada, the amount of this down payment varies depending on the p
How to consolidate your debt with bad credit?
Er who has bought a house for $500,000 many years ago with an initial down payment of $100,000. since the purchase of the property, the homeowner made a
What is mortgage insurance?
default insurance (also known as “mortgage insurance”) facilitates a down payment on the part of the borrower, but is ultimately designed to protect th
Can You Qualify for a Mortgage After a Bankruptcy or Consumer Proposal?
are newly discharged from your bankruptcy and have at least 20% as a down payment, you might be able to qualify for a mortgage from a b-lender on a hom
How Mortgage Brokers Get the Best Mortgage Rates
, appraisal costs, taxes on land transfers, mortgage insurance, and a down payment. after successfully investing in a home, there are many expenses a ne
Bank of Canada Reduces Mortgage Stress Test Rate – Makes it Easier to Qualify for a Mortgage
Ver mortgage explains,“a borrower with an income of $50,000 and a 20% down payment can afford a home worth $4,000 or 1.4% more, assuming a 30 year amort
How do I Transition From a Subprime Borrower to a Prime Borrower?
these factors include the borrower’s credit score, the size of their down payment, the total number of late payments on their credit score, as well as
