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In June CMHC announced big changes to the way they underwrite mortgage applications which include three significant changes which will be outlined below. Increase in Minimum Credit Score The increase…
Tag: mortgage Specialist
Why should you work with an Edmonton Mortgage Broker?
Becoming a homeowner can be an exciting time but the process can take long and arduous. Securing a mortgage is an important first step in the home buying process but…
Types of Mortgages in Canada
There are many mortgage options to choose from and it is important to pick the one that works best for you. The different types of mortgages have features that meet…
2020 CMHC Canadian Mortgage Qualification Changes Explained
Effective July 1st, 2020, there will be some changes coming to the qualification criteria for insured mortgages and it will be harder to qualify for a mortgage again. On June…
Is it a Good Time to Buy A Home? – Buying A Home During COVID 19
A Q&A with Jim Dhillon and Sunny Vig of questions they have been receiving about buying and selling homes during COVID-19 Is it a good time to buy right now?…
Refinancing Your Mortgage
Why do people refinance? When you refinance your mortgage, you are paying off your existing mortgage and replacing it with a new mortgage. There are a variety of reasons why…
What to Consider Before Buying a Vacation Home
What to Consider Before Buying a Vacation Home Are you excited about buying a vacation home for you and your family to enjoy? Having a vacation property is a great…
Questions to Ask a Mortgage Broker
Are you looking to get a new loan for a home that you want to buy, or perhaps you want to refinance your property? Whenever you are in need of…
When to Speak to a Mortgage Professional
Are you getting ready to buy a home, or at least thinking about purchasing a property? If you are, then you know that at some point, you are going to…
A Simple Guide to Understanding Why Mortgage Rates Go Up or Down
You have probably noticed that the mortgage rates are not static. They are going to go up and down, which can be difficult to follow and understand. There are many…