Mortgage Broker Serving Windsor, Tecumseh & Leamington

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Tips for First-time House Hunters

The home-buying process can be intimidating, particularly for first-time house hunters. With so many factors to consider, it’s essential to ensure that you’re making a well-informed decision. This blog will explore tips and tricks to get you started on your journey to becoming a homeowner, helping you move forward confidently and efficiently. Read on to […]

5 Tips to Increase Your Credit Score

Your credit score is a crucial factor in determining your borrowing power and the interest rates you’ll be offered when applying for loans, mortgages, and credit cards. A high credit score can unlock better financial opportunities and save you money in the long run. If you’re looking to increase your credit score, these five tips […]

Answering All Your Questions About Reverse Mortgages

Despite their best intentions, people often don’t have enough money saved in retirement. They were busy raising families, and let’s face it, life is expensive, with costs rising more every day. Often, many retire with only the equity in their home, which doesn’t help pay the bills or cover additional care expenses.    You can […]

The Impacts of Rising Interest Rates on Mortgage Holders

People are keeping a close eye on the cost of living in Canada, especially with rising interest rates impacting mortgage affordability. Understandably, they are concerned about their financial well-being after several Bank of Canada interest rate hikes and the cost of inflation cutting into already delicate budgets. This informative guide deep dives into how fluctuating […]

Why Banks Turn Down Loans

If you’re hoping to get a loan, you might be worried about having your application rejected. Or you might have already been turned down by a bank and you’re not quite sure why. When you’re applying for a loan, it’s a good idea to understand why banks turn down loans so you can do you’re […]

The Basics of Getting a Second Mortgage

A common question we hear often is “how does a second mortgage work?” and these questions are usually followed by requests for more specific details. A second mortgage is similar to the first mortgage you took out to buy your home. However, a second mortgage is taken from the equity on your home. What is […]

All You Need to Know About Mortgage Prepayment Penalties

Surprisingly, many mortgage loans have prepayment penalties that restrict your flexibility and even drain your bank account merely for trying to manage your money correctly. Being punished for getting ahead of the game sounds ridiculous, and we aim to explain why.    What is a mortgage prepayment penalty?   Some lenders charge a fee when […]

First-time Home Buyer Incentive 101

Buying your first house is a significant milestone in a person’s life. Unfortunately, it can be a somewhat intimidating application process that hedges on whether you get the property you want when you want it.  Looking for a mortgage is far less exciting than home shopping, but your realtor or broker may ask if you […]

Mortgage Approval in 2022: Credit Score Requirements

Depending on the lender, a credit score of between 620 and 680 would be the minimum viable requirement in order for you to be approved for a mortgage. For larger lenders across Canada, 680 and above would be the most likely credit score number you need to be approved. For smaller lenders, you may be […]

Five Most Important Questions to Ask About Your Mortgage

If you are ready to buy a home, one of the most important things you will need to do is secure a mortgage. With so many different options out there, it can be confusing to know where to start. To help you make the right decision for your situation, here are five of the most […]

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