Everything You Wanted to Know About Mortgage Rates (But Were Afraid to Ask)
A Guide to Help You Understand Mortgage Rates Are you applying for your first mortgage? Interest will take up a chunk of every mortgage payment, so now is the time to find out how mortgage rates work and how to make sure yours works for you. Of course, you already know at least one thing […]
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Should You Get Mortgage Insurance?
Key Takeaways While the mortgage default insurance offered by CMHC is intended to protect the lenders in case you default on your payments, mortgage life insurance is all about protecting your loved ones in the event of your death. Mortgage default insurance is mandatory for any homebuyers putting down less than 20% of the property […]
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What to Do if You’re Denied a Mortgage Loan
Step Back, Assess What Went Wrong, And Develop A Plan You received your mortgage pre-approval letter, found the perfect home, and learned your offer was accepted. You were all set to take the next steps – closing and moving into your new house – when you got the news: mortgage loan denied. After a lengthy […]
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15 Reasons Why Mortgage Loan Application Get Rejected
Understanding the Most Common Reasons for Rejection Rejection is an inevitable part of life, but when it’s a mortgage loan application that gets rejected, it’s not as easy as “getting over it.” Denied mortgage loans can shake up your future and derail years of planning. Let’s be blunt here: it really sucks! Of course, knowing […]
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