We keep coming back to this topic of credit. It’s a crucial aspect for anyone planning for homeownership. However, similar to most things in the financial side of life, you need to be careful when building your credit history. It is very easy to get...
The home buying process can be exciting and very stressful at the same time. You know, you are preparing to make perhaps the biggest investment of your life and you want to make sure you get the house of your dreams that you work so...
People often wonder why they should consider working with a mortgage broker when banks can do mortgages as well. We certainly get asked this question a lot. The truth is: there is a BIG difference between the two. Similar to the “house hunting process” where...
Dear readers, This week’s blog post is - again - another letter from me. As we take the first steps into this new adventure, I am very excited to share with you what we are doing as a team to ensure we achieve our true potential...
Dear clients (and readers), I have decided to create this week’s blog post as a letter to you all. The reasoning is simple: I believe in building relationships with everyone I work with and I like to add a personal touch to all the work I...
Ever since its implementation in January 2018, the mortgage stress test has been itself a source of stress for many potential homebuyers. Now, anyone who needs to qualify for a mortgage from a regulated lender needs to take this test. Again, just to review, this...
It is safe to assume that being a homeowner is almost everyone’s dream. We work hard to save for a downpayment, we make that house a priority on our list of goals, and we survive the entire process. Awesome! Unfortunately, getting the keys to our...
Perhaps the most used term when it comes to mortgages, but one many people still don’t really understand. What are interest rates? We want to pay the lowest percentage possible. But do we know what they actually are and how this percentage is calculated? You are...
We don’t often think about insurance if we are not purchasing something that requires a substantial amount of money, such as a car, vacation or a home. In the latter case, insurance is of the utmost importance since it represents of the biggest - if...
Here’s a word no one likes, but we all know and should understand fully, especially when it comes to purchasing a property in Toronto. Do you know, for example, the difference between land transfer and property tax? Often times we have clients telling us they...