First Time Home Buyer Mortgage: 5 Mistakes To Avoid

First Time Home Buyer Mortgage

As a first time home buyer, you are excited to be on the hunt for a new home where you and your family can make memories and spend your lives. A mortgage is hardly on the top of your list. Well, this is the first mistake you have made in the process! There could be so many more that you were about to make in the pursuit of a home. Here is a list of mistakes you need to avoid…

Top 8 Tips to Get Approved For A Self Employed Mortgage Mississauga

self employed mortgage Mississauga

Top 8 Tips to Get Approved For A Self Employed Mortgage Mississauga Self-employed mortgages in Mississauga are becoming a wider and more sought-after market. A self-employed mortgage is nothing but a regular mortgage. The main difference between the two comes from the fact that the first kind of mortgage is taken by a normal salaried employee whereas the other one is taken by a person who works for himself or is a self-employed individual in Mississauga. The other difference comes…

Top 5 tips to Use your Home Equity Line Of Credit Smartly

Home Equity Line of Credit Mississauga

Top 5 tips to Use your Home Equity Line Of Credit Smartly A home equity line of credit is something like a credit card with a higher borrowing limit and flexible terms relating to the repayment. It is a loan taken on the equity of your home with a predetermined line of credit. The interest rates are typically low for a home equity line of credit. You can use this kind of credit for anything your heart desires. But don’t…

Mortgage Broker Or Bank: Why You Should Choose The Former

This has probably been the biggest debate since the beginning of time. For some people better rates and quicker processes make it an easy choice to lean towards a mortgage broker in Mississauga. But some prefer the square world of a bank. Here, we have listed out a few areas with a comparison of who is better, a bank or a mortgage broker in Mississauga. First, let’s understand who a mortgage broker in Mississauga actually is; A mortgage broker is…

Five Facts About Refinancing Your Mortgage

refinance Mortgages

 VP Mortgages – Five Facts About Refinancing Your Mortgage   If you are looking for a way to save yourself money on interest payments or consolidate high-interest debts, then mortgage refinancing can be a powerful tool. If you are considering going this route, however, it is always best to work with an experienced mortgage broker because done the wrong way, Mortgage refinance may end up costing you more than it saves you. Before you refinance, consider the following: Refinancing can…

New To Canada Mortgages: Steps To Get Them

New to Canada Mortgage

Being in a new country can be quite a challenge on its own. If you’re looking to buy a home and need a new to Canada mortgage, then it is even more so. But what can make it easier? Being prepared. Here are a few simple steps to follow to ensure that you get your new to Canada mortgage with ease. Step 1: Know your budget. The first thing to do when buying any sort of mortgage, be it home…

5 Mortgage Renewal Myths Debunked

Mortgage Renewal

Mortgage renewal is a time for you to go shopping! No, not for clothes but for rates! This is the one time when you are in-charge of how much longer you want to pay the rate and with what interest. Lenders are usually interested in taking on mortgage renewal clients as they have lesser risk involved and also have a good enough credit history. There are a few myths associated with mortgage renewal and the top five myths are debunked…

Must Do’s for First Time Buyers

First Time Home Buyer Mortgage

First-time buyers are usually inexperienced about what to do when obtaining a first-time buyer mortgage. A first time buyer mortgage isn’t just for someone who is buying a home for the first time. Individuals who have not owned a home in a given period of time are also considered as first-timers. There a list of things one should consider when availing a first-time buyer mortgage. A few are listed below: Do proper research according to your requirements. Before availing your…

5 Things to know about Home Equity Loans

home equity loan

Home equity loans are nothing but a second mortgage you take on your home. The amount you get by tapping out your equity can be used for multiple purposes and can benefit you in many ways. There are a few things you must be aware of before you opt for a home equity loan. They are: 1. First things first: Your home must have equity. This is the simplest thing to remember while considering getting a home equity loan. You…

4 Steps to get a Self Employed Mortgage

GET A SELF EMPLOYED MORTGAGE

If you are self-employed, you can still get a mortgage on your property. There are upsides and downsides to having your own business. There are great tax benefits when it comes to being self-employed but the same business owners have to struggle to qualify for loans and mortgages as their income is significantly smaller on paper than the actual amount. There are a few steps you can implement to get a self-employed mortgage. Decide the source of the self-employed mortgage.…