New to Home Financing? Start with a Mortgage Pre-Approval
Have you considered a mortgage pre-approval if you’re new to the home financing journey? Embarking on the journey to buy a property can be exciting, yet overwhelming process. If you’re unsure where to start, you’ve come to the right place! Let’s explore how getting pre-approved is a crucial first step in your home-buying adventure. Imagine…
Read Article...Understanding Debt Collections and Mortgage Financing
How do debt collections and mortgage financing connect when applying for a mortgage? Debt collections can negatively impact your credit score, debt-to-income ratio, and borrowing capacity when applying for a mortgage. Lenders consider a borrower’s credit history when assessing creditworthiness, and a history of debt collections can be viewed as a red flag. Debt collections…
Read Article...Fixed Mortgage or Variable Mortgage? What’s the best decision?
Fixed mortgage or variable mortgage? When it comes to purchasing a home, one of the biggest decisions borrowers need to make is whether to choose a fixed rate mortgage or a variable rate mortgage. In British Columbia, with variable mortgage rates potentially at a peak and fixed rates having recently retreated, this decision is becoming…
Read Article...Is a No-Frills Mortgage Really What You’re Looking For?
A no-frills mortgage may seem like a great option to save money, but it’s important to understand the potential drawbacks before making a decision. In this article, we’ll explore what a no-frills mortgage is, why it may not be the best choice for everyone, and how to determine if it’s right for you. What is…
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