On October 17th mortgage qualification changed, and as per recent developments, November 30th will see another change come into effect On October 2nd, 2016 the Federal Government announced that there would be changes to mortgage qualification, and that those changes would be implemented as of October 17th, 2016. Those changes primarily revolved around the concept of trying to…
Home ownership is a dream nearly all Canadian’s share The purpose of this article is to provide a recent immigrant and new Canadians with a step by step guide for mortgage qualification. How to qualify for a mortgage as a new immigrant Just as we’ve discussed before, there are three basic criteria for mortgage qualification: credit…
How to select the best mortgage broker for you in 4 easy steps There are a lot of mortgage brokers in Edmonton, in Alberta, and in Canada. Choosing which mortgage broker in your city, town, or province will be important, because your mortgage broker will: be the one who helps you determine a budget (so…
What you’ll need to do to qualify for a mortgage, step by step The purpose of this blog post is to provide you with a step by step set of procedures to follow in order to qualify for a mortgage. We’ll be going over what you need to do, what information/paperwork you’ll want to collect,…
What Documents You’ll Need For a Mortgage, and When You’ll Need Them As we’ve discussed before, mortgage qualification is based on three factors: income, credit and down payment. As we’ve also discussed, these 3 factors remain even if you are self employed -you’ll need to show your credit (that’s an easy one, since we can…
