Getting a Mortgage to Build a New House
Ready to build a new home? If this is your first-time building a new home, you may have questions about getting a mortgage. The good news is that your new home builder is there to help you, and we can help make the process simple and straightforward. What type of...
Mortgage 101: Don’t Get a Mortgage Without Doing This
If you’re in the market to buy a new home, one of the first items on your ‘to-do’ list is usually to obtain a mortgage. Often, people will approach their own banks to find out what kind of mortgage they can get. However, for a purchase this big,...
What New Mortgage Stress Test Rules Mean for Calgary Home Buyers
On October 17, 2017, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI) introduced new residential mortgage guidelines that will require all homebuyers to pass a financial ‘stress test’ when applying for a...
6 Good Reasons to Get Pre-Qualified
Often considered the first step in the mortgage pre-approval process, a pre-qualification is when a broker looks over your finances as a whole (your total income and debt) and provides you with an idea of what size of mortgage loan you might be able to afford....