All posts by sarah sloane

This is insurance that the lender takes out on you in case you don’t pay your mortgage and they have to come and take your house away. This is called a foreclosure. If they have to foreclose on you and they lose money, then they will go to the insurer and make a claim. If […]

The term “closing costs” refers to the money that you need (over and above your down payment) in order to complete your purchase. Closing costs may include, but are not limited to, the following: legal fees cost of land transfer to new owner registration of the mortgage on the title title searches property tax searches […]

Need a break? Take a two minute mini-mint vacation 🙂 Press play, go full screen, sit back, relax and let your mind rest for 120 seconds.   mini mint vacation from mintmortgage on Vimeo.

Yes, you can! 🙂 Here’s some information on the purchase plus improvements mortgage. Get ready, it’s a long one 🙂 you can generally take up to 10% of the purchase price to use toward improvements to the property. For example, if the property costs $300,000 then you can include up to $30,000 worth of improvements. […]

You sure can! See the pictures I took below for some pointers 🙂 Even though Star Wars is super cool, try not to make your documents look like the opening storyline.    

We sure can! As long as  your disability income is: long term being paid out indefinitely guaranteed then we’re in business 🙂  If it’s short term, or has an end date, then we’re not able to use it to help you qualify.

In most cases, the answer is no – you won’t. Sometimes though, even with 20% or more down, lenders may still want the mortgage to be insured. Some reasons would include: location of the property (ie. remote area) size of the property (ie. small square footage) property does not conform to the area (ie. large, […]