Mortgage Broker vs Mortgage Specialist.

General Shankar Muthusamy 23 Nov

broker vs specialist: what’s the difference? To most consumers outside of the mortgage space, the terms “mortgage broker” and “mortgage specialist” would seem interchangeable – but they aren’t. As a potential homeowner, the differences are more important than you might think. First and foremost, it is important to understand the definition of these groups before […]

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Advantages of a Pre-Approval

General Shankar Muthusamy 18 Nov

Getting pre-approved can be a vital step to the home-buying process! But don’t confuse this with pre-qualification; you can get a pre-qualification through the My Mortgage Toolbox app to determine what you might qualify for. Pre-approval, on the other hand, means that a lender has stated (in writing) that you do qualify for a mortgage […]

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Investment and Vacation Property 101

General Shankar Muthusamy 13 Nov

So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future. However, before you launch into this purchase there are a few things you should know, depending on which type of second property you are looking to purchase. […]

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5 House Hunting Mistakes to Avoid

General Shankar Muthusamy 12 Nov

Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a few key mistakes to avoid and be aware of before you start your journey:  Not Getting Pre-Approved: One of the most important aspects of buying a home […]

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Fixed vs. Variable Rate Mortgages

General Shankar Muthusamy 11 Nov

If you are new to the world of mortgages, you probably have a lot of questions – such as whether to choose a fixed-rate mortgage or variable -rate mortgage. Even experienced homeowners can sometimes struggle with this and may wonder if they made the right choice or if they should switch. Before we get to […]

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It’s All About The Property.

General Shankar Muthusamy 10 Nov

When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property. To improve your chances of success when it comes to financing, […]

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Getting a Mortgage When You’re New to Canada.

General Shankar Muthusamy 9 Nov

Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This is an increase of 40,000 individuals when compared to 2017 numbers. According to planned immigration levels, it is estimated that Canada will receive 341,000 permanent residents in 2020. In […]

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