Benefits of Buying Versus Renting
On the hunt for a new house? One question that is bound to come up is whether you should buy or rent. While this can be an easy choice for some of you, it can be quite difficult for others…
5 Types of Income For Your Mortgage Application
Income For Your Mortgage Application You’ve found your dream home. It has everything you are looking for and you can’t wait to move in and make it your own. But before you can do that, you have to qualify for…
Growing your Net Worth with Rental Properties
With the cost of living continually on the rise and inflation driving the value of the dollar down, it is more important than ever to build a long-term financial plan for the future. Having a form of passive income and…
Mortgage renewal and refinance, what’s the difference?
Renewal and Refinance Buying your first home can be a nail-biting experience, as many homeowners can testify to, but so can the moment when your first mortgage term expires. When a homeowner’s mortgage term expires, they have the choice between…
Life After Bankruptcy, is it Possible?
When someone files for bankruptcy they often feel failure. Bankruptcy is seen as a negative thing to happen to someone and can be a major event to go through. But we shouldn’t be seeing it as disaster! In 2016, approximately…
5 Hidden Costs When Buying a Home
Buying a home goes beyond the down payment and monthly mortgage payments. It is usually assumed that once you have saved the minimum amount for a down payment, and you’ve pre-qualified for your dream home that you are ready to…
Purchase plus improvements mortgage, what does it mean?
Purchase Plus Improvements Have you ever walked into a house and love it? It may not look perfect, but you have a vision of what it could look like. The only problem is that it’s starting to sound pretty expensive…
Things to consider before purchasing a home
New Year, New House? Now that we are about halfway through January some of you may being reassessing your New Year’s resolutions and wanting to give up on some of those goals that you set out for yourself this year…
Debt-to-Income Ratio – What Exactly is it?
Knowing what your debt-to-income ratio is important if you are considering becoming a homeowner. Once you know your ratio, then you need to know what it means and what you can do about improving it. Let's get started. What the…
Overwhelmed By Your Credit Report?
Understanding your credit report and being able to properly navigate the report is essential. This becomes a large part of being able to borrow money from a lender. Having a strong credit score will make the approval process easier as…