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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Staging Tricks to Look Out for When Buying Your Home
Learn How to Spot a Home’s Disguised Flaws Home staging is an important part of the selling process, but it should be about highlighting what a home has to offer, not hiding clear flaws. When you’re out house hunting, it’s easy to get swept up in beautiful photos, finishes, and furniture. We start to imagine […]
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