Everything You Need to Know About Debt-to-Income Ratio Before Applying For a Mortgage
How and Why This Number Can Affect Your Mortgage Prospects If you’re thinking of buying a home and will need to obtain a mortgage, be aware that two of the things lenders will ask about are how much debt you have and how much money you make. They use these numbers to calculate your debt-to-income […]
Read more
Guide to Alternative Mortgage Investments
What to Consider When Investing as a Private Mortgage Lender The benefits of investing in an income property may be clear, but being a landlord doesn’t always make sense. This is where private mortgage investment can be the perfect opportunity. With the guidance from mortgage professionals like the Chris Allard Mortgage Team, you can learn […]
Read more
Things To Avoid After Obtaining Mortgage Pre-Approval
Why You Should Remain Cautious Even With Mortgage Pre-Approval Gearing up to buy a home can be stressful, but one of the ways to help ease that stress is to secure pre-approval for a mortgage. However, once you’ve ticked that box, it’s important to manage your financial behaviour carefully until you actually take possession of […]
Read more
Construction Mortgages Versus Traditional Mortgages
The Benefits Of A Construction Mortgage And How It Differs From A Traditional Mortgage Most home buyers need a mortgage loan to complete their home purchase. But the type of mortgage you get depends on whether you are buying an existing home or one that has yet to be built. Many home buyers obtain a […]
Read more