There are so many benefits to getting pre-approved for a mortgage prior to beginning your new home search. It allows you to know the budget within which you should search and it also allows you to confidently make an offer when you’re ready. The other big benefit to getting pre-approved is that it offers you…
Porting your mortgage entails taking your existing mortgage – along with its current rate and terms – from one property and transferring it to another. You’re only allowed to port your mortgage if you’re purchasing a new property at the same time you’re selling your old one. Unlike mortgage refinancing, porting a mortgage doesn’t require…
One of the many reasons why my clients are investing in real estate is because of the great financial return. Higher risk tends to generate higher returns. So, in the stock market, for example, you may see individual stocks performing very well. As a basket of stocks, the risk is reduced and the returns are…
You can begin your mortgage renewal process as early as 120 days (4 months) before the end of your current term, even if you haven’t yet received your renewal notice. Lenders are only legally required to send your renewal statement at least 21 days before the deadline. Starting the process earlier can allow you to…
A home renovation can be life-changing! It can add to the value of your home, the aesthetic appeal of your property and also the functionality of your home for you and your family. It can also be very expensive! I work with clients to add the cost of their renovation to their mortgages. There is…
Did you know that 60% of Canadians simply sign their renewal documents without giving them any thought or review? We find that many Canadians spend time shopping for their initial mortgage, but the same is not true for their renewal! Did you know that often your renewal offer isn’t the best offer available? We can…
If you’re planning on purchasing a new home this fall, you’ll certainly want to continue reading! Here are my best tips for getting pre-approved for a mortgage. 1) Check your credit score- Mortgage lenders will use your score to gauge your financial stability and your ability to pay off your mortgage. The higher your score,…
This blog post is for all the newlyweds! So many weddings this summer, therefore so many individuals starting their new life together! Here are a few things I want you to think of as you navigate this new journey together: 1) TO RENT OR OWN? If you’re currently renting, make a plan for how and…
