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When purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection Fire/home insurance protection Strata document review if appliable The purpose of these subjects is to protect the buyer from making a poor investment and ensure that there are no hidden […]

  When traditional lenders like banks or credit unions decline your mortgage application, it’s easy to feel discouraged. However, it’s important to know that alternative options are always available. If you require a mortgage but don’t meet the requirements of traditional institutions, you’ll find yourself in what’s commonly known as the “Alternative-A” or “B” lending space. This sector consists of three types of lenders: Alt-A lenders: These include banks, trust […]

Buying a home is an exciting milestone for many Canadians, but it can also be a stressful experience, especially when it comes to managing your finances. That’s why having a budget is crucial when buying a home. In this blog post, we’ll discuss the benefits of having a budget and provide a sample budget for a couple making $120,000 annually. First and foremost, having a budget helps you determine what […]

New to mortgages? Have questions but not sure where to start? We have the answers! What is the best interest rate I can qualify for? Your credit score holds significant sway over the interest rate you’re eligible for. As a borrower, the more risky you appear, the higher your interest rate will be. While the interest rate is a critical aspect of your mortgage, it’s not the most important factor. […]

  If you’re carrying high-interest debt on credit cards or loans, it can be challenging to make ends meet each month. However, refinancing your mortgage may be the solution to your financial woes. By refinancing, you can consolidate your debt into one manageable payment and save money on interest. Here are some of the benefits of refinancing your mortgage to pay off high-interest loans or credit cards. Refinance up to […]

When Ontario homeowners Chris and Sam received their mortgage renewal notice from their bank in January 2023, they were disappointed to see what they were offered after so many years with the same bank. Luckily, they had heard from a friend that a Mortgage Agent named Raoul Hunt could help them save thousands and make the process easy. Skeptical at first, Chris and Sam reached out to Raoul to see […]

When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, not conduct a major renovation where structural modifications are made. Simple renovations include paint, flooring, […]

When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters. First and foremost, the most important thing to remember is that a mortgage is a contract. That means that there is a penalty involved if the contract is ever broken. This is something that […]

Did you know that 60 percent of people break their mortgage before their mortgage term matures? Most homeowners are blissfully unaware that when you break your mortgage with your lender, you will incur penalties and those penalties can be painfully expensive. Many homeowners are so focused on the rate that they are ignorant about the terms of their mortgage. Is it sensible to save $15/month on a lower interest rate […]