5 Factors That Impact Your Credit Score & Tips To Improve It

Mortgage Tips REENA VISANI 25 Nov

  If you are in the market for a home, you are probably very familiar with your credit score. A healthy credit score is critical. It could mean the difference between getting approved for a mortgage loan or not. Your credit score is determined by a culmination of factors and is therefore important to have a knowledge […]

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3 Advantages of a Pre-Approval

Mortgage Tips REENA VISANI 10 Nov

3 Advantages of a Pre-Approval While getting pre-qualified can give you a ballpark estimate on what you can afford, getting pre-approved is where the real magic happens. Mortgage pre-approval means that a lender has stated (in writing) that you do qualify for a mortgage and what amount, based on submitted documentation of your current income and credit […]

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Getting a Mortgage When You’re New to Canada

Mortgage Tips REENA VISANI 2 Nov

Getting a Mortgage When You’re New to Canada Canada has seen a surge of international migration over the last few years. The federal government is planning a massive increase in the number of immigrants entering Canada, with a goal of seeing 500,000 people arrive each year by 2025. With all these new faces wanting to […]

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First-Time Home Buyer

Mortgage Tips REENA VISANI 2 Nov

First-Time Home Buyer. Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as […]

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What Do The New CMHC Rules Mean For Homebuyers?

General REENA VISANI 12 Jun

On June 5, 2020 The Canadian Mortgage and Housing Corporation (CMHC) announced it will be tightening its mortgage qualification rules for borrowers with less than 20% down payment. This would significantly impact homebuyers decreasing their borrowing by 10% to 12% and pushing them further away from their dream of homeownership. These changes come into effect July […]

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How Much Down Payment Do I need to Purchase a Home?

Mortgage Tips REENA VISANI 4 May

How much down payment do I need to purchase a home? When purchasing your first home home, one of the most important decisions you will make is the size of your down payment. The minimum down payment on any owner occupied home in Canada is 5% for a purchase price less than or equal to […]

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