Getting a mortgage after a consumer proposal

Getting a mortgage if you are in a consumer proposal is possible. In most cases because you will not qualify for the best rate but there are options. This could range from a lower loan to value to a second mortgage. What is a consumer proposal? What is a Consumer Proposal? A consumer proposal is [&h...
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5 EASY Steps to Renew Your Mortgage

If you have a mortgage, chances are you’ll be doing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time, and a lot of effort, in shopping for an initial mortgage; the same is commonly not the case when looking at mortgage renewals. Mortgage Renewals Mor...
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Spousal Buyout

What is a Spousal Buyout? If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset and...
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How Credit Affects Your Loan Approval

HOW CREDIT AFFECTS YOUR LOAN APPROVAL When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key ingredients in determining whether you’ll be able to get financing and the rate you’ll pay. ...
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Preventing Mortgage Fraud

Lenders are getting stricter on their evaluation of documents that are used to secure a mortgage. With an increase in concern about fraud, lending institutions more vigilant on applications are either a private purchase or have a short closing period. If the same application has those two conditions...
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