Why You Should Hire a Mortgage Broker Instead of a Bank? Purchasing a home can be a complex, time-consuming, and stressful process. This is especially true for first-time homebuyers, who may possess very little knowledge on how to find the home most appropriate for...
New to Canada Program Offered by Sagen If you’re a new immigrant, it’s likely you don’t have a credit rating in Canada, and you may not yet qualify for permanent residency, which means you’ll be ineligible to secure a mortgage through a...
On October 17, 2017, the Office of the Superintendent of Financial Institutions announced new mortgage rules, which were officially put into effect on January 1, 2018. The new regulation requires lenders to conduct a mortgage stress test, a stringent assessment of...
Pre-Qualification vs Pre-Approval: What’s the Difference? If you’ve decided to ditch renting in favour of purchasing a home, it’s essential that you get familiar with the process, from start to finish. Right away, you’ll be bombarded with terms...
The Importance of Getting Pre-Qualified and Pre-Approved for Your Mortgage Before you embark on your house-hunting adventure it’s essential to have a firm idea of what the type of home you’ll be able to afford. Though there is nothing wrong with...
