Although we do our best to ensure your success we cannot guarantee that your application for a mortgage will be approved at the end of the term. There are many factors that are taken into consideration when a bank is reviewing a mortgage application, such as total household income, total debit, credit score, and amount […]
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I am self-employed, how long do I need to qualify for a mortgage?
Under new government lending rules, mortgages can only be provided to Self-employed individuals with at least two years experience running their own business before getting approved.
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I am bankrupt, how long do I need to qualify for a mortgage?
Under new government lending rules, mortgages can only be provided to bankrupt persons three years after they’ve started re-building their credit.
How can I check my credit score?
There are two well known Credit Bureaus in Canada. You can acquire [Read more…]
How do you make money?
The investor makes a little to no money on the monthly rent, but what they make their money on is when the tenant exercises the option to purchase the home.
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