by Zohreh Fayaz | Jun 19, 2020 | Blog, Economy, Homeownership
Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
by Zohreh Fayaz | May 15, 2020 | Blog, Economy, Homeownership
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
by Zohreh Fayaz | Mar 20, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Concern surrounding coronavirus – COVID-19 – has led to a crash in oil prices and economic uncertainty surrounding capital markets, which has resulted in most Canadian banks significantly reducing both fixed- and variable-rate mortgage rates. Around the world...
by Zohreh Fayaz | Mar 6, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Mortgages can be complicated. That’s why it’s extremely important to seek expert advice you know you can count on. Buying a home is a significant life stage and it’s easy to get caught up in the excitement – you visualize your family growing up in the house,...
by Zohreh Fayaz | Feb 21, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
If you’re in the market to buy a home, you know the process isn’t always easy. In recent years, mortgage insurance and qualification changes – implemented by the federal government – have made it increasingly difficult to buy a home for many Canadians, particularly...
by Zohreh Fayaz | Feb 7, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
You’ve found the home of your dreams and you’re ready to present your offer to the seller. You know the dollar amount you want to include and you’re hoping it gets accepted but, before you start embracing your new community and dreaming of backyard BBQs, you’ll want...
