List of Documents for Mortgage Approval

List of Documents for Mortgage Approval

If you are thinking of purchasing a new home these are the documents your lender will require: Most Recent Pay Stub Letter of Employments – on company letterhead, detailing length of tenure, job title, rate of pay, guaranteed number of hours Last Two Years of T4′s...
Do I Need Home Insurance?

Do I Need Home Insurance?

Absolutely. Although some people may not think home insurance is necessary, what they may not realize is that most lenders will require proof of insurance before approving you for a mortgage. There are however, many other reasons why home insurance is important to...
Types of Mortgages

Types of Mortgages

Fortunately for buyers, there are a variety of mortgage to choose from. It is in your best interest to investigate each of them to determine which is the best for your situation. You probably won’t qualify for all of them. In fact you may only qualify for one. But if...
What To Look For When Buying a Home, Room By Room

What To Look For When Buying a Home, Room By Room

When viewing a home for sale, many buyers look at the property from a “macro” perspective. They ask themselves questions like: “Is it large enough?”, “Does it have enough bedrooms?”, or “Is it in a nice neighbourhood?” While those questions are important, it also pays...
Become a Savvy Home Viewer

Become a Savvy Home Viewer

The last thing you want to experience after purchasing a home is “ buyer’s remorse.” That’s the sinking feeling you get when you realize, days or weeks later, that you may have made the wrong decision. Say, for example, you buy a home based on your first impressions....
Reasons to Consider Making a Move

Reasons to Consider Making a Move

When is it a good time to sell your property and buy another home? Whenever there’s a good reason to do so! There are many things that may motivate you to consider making a move. For example, your reasons to consider making a move may include: Your current home no...