Blogs

Jun 23, 2020

5 Things You Should Never Do, After Applying For A Mortgage

CHANGE JOBS

Now that you have put in an offer and it has been accepted, you will still need to qualify for your mortgage on closing day. If you change your job, this may mean an adjustment in your income can have an impact on the level of risk the lender believes you can carry. This can impact your chances when closing your deal. ...

Jun 16, 2020

Deposit and down payment - are they the same?

A deposit is the money you submit during the offer process to secure a property you wish to purchase. Think of it as a gesture of good faith to the seller. A deposit shows the seller you’re serious and committed to buying their property. It demonstrates that you have the financial means to make the purchase and you’re comfortable taking on some level of risk until the deal closes. ...

Jun 08, 2020

Why Pre-Approval is important

It’s important to get pre-approved for a mortgage. By receiving a mortgage pre-approval beforehand, you'll have fewer major hurdles to overcome when you decide to make an offer. ...