27 Sep

Mortgage Pre-Approvals & Pre-Qualifications

General

Posted by: Natalya Toney

Throughout the mortgage and home buying process, there are many steps and many checkpoints a buyer will need to complete before they can move on to the next one. A buyer will not be able to close on a purchase if they do not have a lawyer. Financing conditions need to be lifted after confirmation […]

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27 Sep

High Ratio and Conventional Mortgages – LENDMORE FINANCIAL

General

Posted by: Natalya Toney

There are two different types of mortgages when it comes to their balance in relation to the value of your home- high ratio or conventional. When you applying for a mortgage, lenders use a ratio called loan to value. Your loan to value is exactly what it sounds like, the size of your mortgage in […]

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26 Sep

5 Mistakes First Time Home Buyers Should Avoid

General

Posted by: Natalya Toney

Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside Your Budget It’s always an excellent idea to […]

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25 Sep

Fixed Rates Outweighing Variable – Lendmore Financial

General

Posted by: Natalya Toney

We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their current variable rate is […]

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25 Sep

Lendmore Financial – Mortgage Protection Plan

General

Posted by: Natalya Toney

Mortgage Protection Plan Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty for […]

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