Tag: mortgage application

down payment minimum

Saving for a Down Payment

By: Elias Kellendonk

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Home hunting tips

Happy Home Hunting Tips for Canadians

By: Elias Kellendonk

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.


Fitch Ratings highlights six default factors

By: The Super Broker

According to Fitch Ratings’ Canadian Residential Mortgage Loan Loss Model, there are six primary factors that influence mortgage defaults.

past due credit card payment

Preparing your credit for a mortgage application

By: The Super Broker

While it’s easier than ever for Canadian homebuyers to lock in low mortgage rates, it’s important for individuals to understand how their credit will influence the process.

Credit history

If at first you don't succeed, follow these tips and reapply for a mortgage

By: The Super Broker

After making the responsible decision that it’s time to buy a place of your own and taking the mortgage application plunge, a loan denial can feel like a kick in the gut. Ouch.

First Time Home Buyers

Preparing for your first mortgage

By: The Super Broker

Before running off to see the mortgage broker, Canadians entering the housing market for the first time should ask themselves whether they can afford a new home.

Mortgage Pre-Payments

Should you Sacrifice Pre-Payment Options for a Lower Mortgage Rate?

By: Elias Kellendonk

Taking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …

Single homebuyers in need of help

By: The Super Broker

According to a recent article in the National Post, single homebuyers are need in of some help, as home prices have become higher and the rules for obtaining home loans stricter.

First Time Home Buyer

45 per cent of Canadians Purchasing Property Solo: TD Poll

By: Elias Kellendonk

Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …

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