There is no shortage of negative financial headlines today.   They attempt to scare and shock us with real estate numbers, interest rates, and economic crises.   These headlines sell and take priority over

One of the critical steps towards financial responsibility is understanding your credit history.  Did you know that as a consumer you are able get a copy of your credit report, and have the right to correct any errors in the report?  It is not uncommon to see

Qualifying income is a very significant part of a residential mortgage application.  A lender wants to ensure that an applicant (or applicants) can afford the mortgage and has a way of making the scheduled payments. So one of the golden rules is,

Buying your first home can be exciting but also financially overwhelming. On top of the down payment savings required for a purchase, there is also the burden of closing and other costs. The Canadian federal government is offering

June 2014. Over the last several months  there has been a number of announcements from Canadian Mortgage and Housing Corporation (CMHC), Canada’s public mortgage insurer.  The headlines created a lot of noise, confusion and possibly unnecessary concern, in my opinion.  Let’s look at how these changes may affect you.

In my previous blog, I discussed part one of the most common roadblocks for investment property mortgages.  In no particular order, the following is the last of my series

In my previous blog , I discussed part one of the most common roadblocks for investment property mortgages.  In no particular order, the following is the third of my series

In my previous blog , I discussed part one of the most common roadblocks for investment property mortgages.  In no particular order, the following is the second of my series

Over the last couple of years in Canada, a lot has happened on the investment property mortgage landscape.  The most significant one being back in 2010 when Canada finance minister announced minimum downpayment requirements (20%)  for investment property mortgages.  It shined a spotlight on investors,

When you apply for a mortgage, one of the key criteria is meeting the lender’s debt ratios. (see my related blog) Your debt ratio includes