A lender will determine your ability to repay a loan by verifying your income, and self-employed individuals may face a few challenges when applying for a mortgage. Employed individuals can use recent tax returns or pay stubs to calculate their income, but those who are self-employed may not have this kind of information, and their […]
Working with a mortgage broker is highly recommended for those who are trying to purchase a home. A mortgage broker will provide you with solutions that are suitable for your financial situation and needs and will help you secure a mortgage to help you buy your dream home. Reputable mortgage brokers will do the mortgage […]
Self-employed individuals may face a few challenges when applying for a mortgage because it can be a little bit tricky to prove your income which is the main aspect lenders will focus on when reviewing applications. Lenders want to see income stability when looking at a mortgage application, and traditional employees can provide pay stubs […]
Buying a home is very exciting, but obtaining a mortgage is not always easy. This is especially true for individuals who are self-employed or have a bad credit history. If you are in a unique financial situation, it is highly recommended that you work with a reputable mortgage broker. If you do not qualify for […]
If you want to lower your interest rate, access existing equity in your property, or consolidate and pay off debts, refinancing your mortgage may be a great idea. There are potential risks and costs associated with this option, however, and there are certain things you need to know before you refinance your mortgage in Fort […]
A mortgage is required to buy a home, and the following tips will increase your chances of getting your mortgage approved in Fort McMurray: 1. Check your credit score A higher score indicates your commitment to making loan repayments in the past, and lenders will appreciate this aspect because it means you are less likely […]
Refinancing a mortgage will make sense for some homeowners, and this guide will help you decide whether or not this is a smart financial move for your situation. The first thing to understand is why some homeowners choose to refinance their mortgage, and if any of the following reasons apply to your situation, refinancing may […]
The decision to buy a home is one of life’s biggest financial decisions. One of the most critical pieces of the puzzle is deciding which type of mortgage is right for you. Two of the most popular types of mortgages are fixed rate mortgages and variable rate mortgages. Here is a breakdown of the differences […]
Good News on the Inflation Front in December The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners’ replacement costs, fuel oil and other owned accommodation expenses, and various durable […]
Over the last 10 years, the Canadian prime interest rate has fluctuated significantly. From June 2009 to August 2010, the Bank of Canada’s key lending rate remained at 0.50%, before increasing to 1.0% in September 2010 and staying there until June 2015. Since then, the rate has been steadily moving up and down as the […]
“Charlene was great to work with! My husband and I bought our first home last year and we had a lot of questions and Charlene was so easy to talk to. She never made us feel like we asked too many questions and encouraged us to ask many because this was a first time experience.
Thanks Charlene!”
