Lets get back to the basics – What is a mortgage? When you’re completely new to the world of real estate, it can be an intimidating pool to wade into. In order to really get the big picture, you need to understand a little bit about a lot of terms that are bandied about: interest
Crazy high prices are no longer the only thing keeping prospective buyers in B.C. from jumping into the real estate market or trading up for bigger or better pads. As of Monday, all borrowers will need to pass a stress test before they are allowed to take out mortgages from federally regulated institutions such as
Having a plan is important. I find far too often that people seeking mortgage financing are unaware how their other debts affect the amount of mortgage financing they can qualify for. What does a lender look at when determining if you qualify for a mortgage? Typically, a lender wants to see the last two years
