High Fives for starting a new job! We love fresh starts 🙂 Whether or not income from a new job can be used to qualify for a mortgage will depend on a couple of things: Full Time? We can use your income to qualify for a mortgage right away, as long as you’re not on probation. Many employers have a […]
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I need to pay down some debt and I’m freaking out – where should I start?
We’ve all been there. Take a deep breath; we can help. The key is to take it one step at a time. First, Make sure you’re paying at least the minimum owing on every loan and credit card each month. If it’s hard to keep track, set up automatic payments on your online banking so […]
Why would I ever need a mortgage?
Where do I get a mortgage?
Should I get a mortgage pre-approval or not?
How long is a mortgage pre-approval good for?
Does it cost money to use a mortgage broker?
Do I have to have a down payment to get a mortgage?
What is a mortgage pre-approval?
Are there penalties when renewing (refinancing) my mortgage early?
Almost all mortgages can be refinanced before the term you’ve agreed to is up, although the consequences of doing that can vary quite widely. Here’s some things that may affect the penalty you see when breaking your current mortgage. – Your mortgage is “open”. In the unlikely event that your mortgage is “open”, their shouldn’t be […]