Verifying Your Down Payment

General Marlies Romich 15 Jun

HOW TO VERIFY YOUR DOWN PAYMENT WHEN BUYING A HOME Saving for a down payment is one of the biggest challenges facing people wanting to buy their first home. To fulfill the conditions of your mortgage approval, it’s all about what you can prove (hard to believe – but some people have lied in the […]

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Qualifying Rate Decreases – Q1 2020

General Marlies Romich 15 Jun

Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada has introduced measures to […]

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Addbacks and Offsets: Qualifying for Rental Investments

General Marlies Romich 28 May

Addbacks and Offsets: Qualifying for Rental Investments It may sound like we’re talking about football formations here, but if you are considering the purchase of a rental property or already own a rental property, knowing about addbacks and offsets is an important concept to understand when qualifying for your next mortgage. Addbacks and offsets are […]

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