Tags » Pre-approvals

Over 40% of first-time home buyers in Canada can’t afford a house without their parents’ help, report suggests

Canadian Press | April 23, 2015 | Last Updated: Apr 23 12:47 PM ET

Tyler Anderson/National PostBMO’s 2015 Home Buying Report found that 42 per cent of first-time buyers told an online survey that they expected their parents or relatives to help pay for their first home. 407 more words

Home Buyers

Why Getting Pre-Approved For A Mortgage Is A Sham

Mark Greene , Contributor

Source: Forbes Magazine; Updated from an article that first appeared on November 2012

Mortgage pre-approvals are pretend documents.  It is true that preliminary mortgage approval is an essential first step in the home buying process as real estate agents and sellers want proof of a buyer’s ability to secure a mortgage and bid on a property.  1,238 more words

Home Buyers

Buy land, they're not making it anymore

That’s one of my favorite quotes to use when I get asked if buying property is a good investment. This week I want to talk about how it relates to real estate in the literal sense. 1,000 more words

Qualifying

Buying your first home – do you have the money? Mortgages and Real Estate

How much have you got?

Now, how much have you really got?  No, that’s not a silly question, all too often buyers discover to their frustration that their real worth is considerably less than they thought. 439 more words

Mortgage Mistakes

Avoid these mortgage mistakes in 2015 

Financing a home is a process most borrowers only go through a few times in their life and we know from experience it isn’t easy to stay on top of all the of the ins and outs of the financing requirements with all of the… 979 more words

Qualifying

Improve Your Credit in 10 Steps

Your credit score is becoming more of an asset today than it has ever been before. A good credit score impacts many aspects of your life including your ability to borrow money. 901 more words

Qualifying

Qualifying Income: Does Yours Apply?

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. One of the most common questions we get asked is what kind of income is eligible to be used in the qualifying calculations. 784 more words

Qualifying