Mortgage Blog
What is Considered a High-Risk Mortgage?
Igh debt-to-income ratio, leading to higher interest rates and larger down payments.implications: high-risk mortgages mean higher costs due to increased
The New Stress Test Is In Effect: How to Still Qualify for a Mortgage
For. to make up for a smaller loan, you will have to provide a larger down payment. review your spending habits to start saving more and set money aside
First Time Home Buyer Incentive
if their household income is under $150,000.you can meet the minimum down payment amount with your savings, withdrawal from rrsp or a non-repayable gif
How Do I Buy My First Commercial Property?
Money you have to invest into the property. consider both the initial down payment and closing costs, and also any potential investment into renovations
What’s the Difference Between Insured, Insurable, and Uninsured Mortgages
Ualifies for these low-rate options based on factors like home price, down payment amount, income and credit profile. navigating mortgage types is cruci
What’s the Difference Between a Collateral Mortgage vs. a Conventional Mortgage?
Urchase mortgage, the buyer will need to invest a minimum of 20% as a down payment to be able to potentially qualify for a conventional mortgage loan.if
Mortgage Stress Test. What You Need to Know
of being successful in passing the stress test by saving up a larger down payment, reducing your debts, and finding a house within your means.at clover
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
