There will be all sorts of different viewpoints when it comes to how much a property is worth. The lenders want to have the most objective opinion possible when they’re determining the value they’ll accept. For an existing property: the lower of the purchase price or the appraised value. For a propety that is under […]
All posts by sarah sloane
sarah sloane
I make some money under the table. Can I use that to qualify?
If you don’t show Revenue Canada that you have it, then we can’t show it to help you qualify. If you want to stick it to the man, you’ll have to find another way 😉 Maybe you can try this game, it looks like fun!
Can I use income from a room mate to help qualify?
Room mates can help you cover your costs once you’ve got a house, but we can’t use that extra income to help you qualify for your mortgage.
Can I get a mortgage if I’ve claimed bankruptcy?
You bet you can! Click here to see how it’s done.
Can I get a free realtor property evaluation instead of paying for a home appraisal?
If we need an appraisal it will need to be done by a certified appraiser that’s approved by the lender providing your mortgage. We won’t be able to use a realtor evaluation in place of an appraisal.
What is a good song to celebrate getting our new house?
Baby I’m coming home!! Here’s what I listened to when I got my home 🙂
How can we celebrate getting our pre-approval?
We like to dance 🙂 Here’s a little something to set the mood 😉
What is a notice of assessment? (NOA)
Your notice of assessment is the document that you get back after filing your income taxes with Revenue Canada. Here’s what it looks like: SAMPLE Notice of Assessment
What paperwork should I have ready?
We love that you’re getting your paperwork together 🙂 It makes things so much easier for you when you’ve got your documents up front and we’re able to review everything ahead of time! Once we have your application we can give you a list of paperwork that’s specific to you. For the serious go getter, […]
How soon can I get a mortgage after I’ve claimed bankruptcy?
The day after you’ve been discharged. Booyah! Here’s what you’ll need: minimum of 25% down a property located in a major urban centre a steady, provable income confirmation that there was no property claimed in your bankruptcy Can’t meet the above criteria right now? It’s ok…here’s what you need: minimum of 5% down minimum of […]