Mississauga Tag

We all know the homebuying process is a complex task. From saving for a downpayment to finding the home of our dreams many steps need to be taken.  We often tell people to budget on a monthly basis and to try to cut on certain...

We keep coming back to this topic of credit. It’s a crucial aspect for anyone planning for homeownership. However, similar to most things in the financial side of life, you need to be careful when building your credit history. It is very easy to get...

Here’s a word no one likes, but we all know and should understand fully, especially when it comes to purchasing a property in Toronto. Do you know, for example, the difference between land transfer and property tax? Often times we have clients telling us they...

Your credit report contains your credit history as reported to the credit reporting agency by lenders who have extended credit to you, as we have written about in previous blog posts. The information in your credit report is also used to generate credit scores. If...

If you are new to Canada and are looking into settling in this country, you may want to consider purchasing a home. The first step you should take is informing yourself about the rules and conditions that apply to your situation. It may seem a...

You are planning to get a mortgage and you hear for the first time that a credit report is required for your lender to see if you have good credit or not. How does this affect your application?  The first thing you should know is a...

When you are applying for a mortgage loan, one of the many things lenders look at and consider is your credit score.  Your credit score is a measure of your financial health, and shows lenders their level of risk if they lend you money. So, what...

An assumable mortgage is a mortgage that may be transferred without changing the terms of the original mortgage. What does this mean? What does it involve? It is a financing agreement in which a seller transfers the terms, the interest rate and the remaining mortgage...

Imagine this scenario: you are applying for a mortgage and you just found out you will not qualify on your own. So, what to do? Most people start reaching out for any option. Can they get a co-signer? Should they get a guarantor? As mortgage...