Mortgage Broker Serving Windsor, Tecumseh & Leamington
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 […]
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 […]
Purchasing a home is likely the most significant investment you will ever make. Most Canadians will take out a mortgage to cover the majority of the cost. They will likely also pay a lot of interest throughout the term of the loan. The interest rate on a mortgage is referred to as the mortgage rate. […]
Your mortgage rate is important. If you get a lower rate, you could save a significant amount of money over the life of your mortgage. To calculate your monthly interest rate, take the overall interest rate and divide it by your payment period. Multiplying your principal by the monthly interest rate tells you your monthly […]
If you’re currently renting your home, you may have thought about whether it makes sense to buy instead. Home ownership is a key milestone and one that you may be ready for. Current mortgage rates remain quite low, so this could be a good time to buy a home. However, the question of whether to […]
Being a first-time homebuyer is tough. You will likely pay back your mortgage over an extended period. Unless you can buy your new home entirely in cash, finding and choosing the best type of mortgage can be challenging. That’s why it’s essential to choose a loan that meets your individual needs and budget. You’ll […]
If you are interested in getting a loan or a home mortgage, your prospective lenders will ask for your credit score. Unfortunately, it can be challenging to traverse the credit landscape if you don’t know what that is and how to get your hands on it. Learning about your credit score and the actions […]
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