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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 […]

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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 […]

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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 […]

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The Risks of Putting In an Offer Without a Financing Condition

How a Financing Condition Can Protect Buyers From Financial and Legal Penalties When you make an offer to purchase a home, in addition to considering how much money to offer, you also need to think about any conditions that you want to include. Some common conditions deal with home inspections, the sale of another property, […]

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