Login To Post

or Sign up

Variable Rate Mortgages Toronto

By Pamela ScottNovember 16, 20166 comments

#variablemortgages #canadalend #mortgagesolutions

 Variable Rate Mortgages Toronto   What is the best way to go about getting a variable rate mortgage in Toronto?   Is there anything that I specifically need to be looking out for?AnswerHi there,   Excellent question, when it comes to getting a variable rate for a mortgage in Toronto, here are a couple of things to keep in mind.    In order to get a variable rate mortgage ...

Refinancing Mortgages Affect Credit Score

By SpringNovember 16, 20165 comments

#canadalend #mortgagerefinancing #mortgagehelp #mortgagetips #mortgageadvice

Refinancing Mortgages Affect Credit Score    How does refinancing my mortgage affect my credit score?   How do hard inquiries affect my credit score as well, does the inquiry tend to diminish ...Answer    Thank you for your question regarding mortgage refinancing and how this affects your credit score.       Creditors will run your credit report when refinancing your mortgage ...

Second Mortgage Credit Score

By SpringNovember 16, 20165 comments

#canadalend #secondmortgages #2ndmortgages #mortgagehelp #mortgageadvice

Second Mortgage Credit Score   I have been working on improving my credit score and I was just wondering: How can taking out a second mortgage affect my credit score?Answer       At first, it will lower your credit score because it is a recent debt commitment with no history that demonstrates you can handle the additional financial responsibility But ...

What Are “Mortgage Terms"?

By AnonymousNovember 16, 20165 comments

#canadalend #mortgageterms #mortgagehelp #mortgageadvice

What Are “Mortgage Terms"?   I am just now starting my research on mortgages and what it all entails.   I am still a little confused regarding the "mortgage terms" what are they and what ...Answer Thank you for your question.   Here are some examples of mortgage terms. A mortgage term is the length of time, which it usually is in years, in which the limits of a mortgage have legal effect. ...

How can I save money on my mortgage?

By AnonymousNovember 16, 20164 comments

#canadalend #mortgagehelp #mortgageadvice #savemoney

How can I save money on my mortgage?   Is there anything I can do to ensure I am saving some money when it comes to the interest on my mortgage?   What are some options that are available to ...AnswerIn terms of saving money on your mortgage, there are a few things that you can do:   accelerated payment frequency: you make an extra payment directly against your mortgage each year; you’ll ...

What is Mortgage Insurance in Canada?

By Jonathan McClapNovember 16, 20164 comments

#CANADALEND #mortgagefaq #mortgagehelp #mortgageinsurance

What is Mortgage Insurance in Canada?   I am new to the home buying process and would like to know what mortgage insurance is and if it is something that I really need.   Will it make a difference ...Answer Thank you for your inquiry!    Mortgage insurance in Canada is an insurance policy that reimburses lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance ...

What Part of My Mortgage Refinance is Tax Deductible?

By Stanley R.November 15, 20165 comments

#mortgagerefinancing #canadalendtoronto #mortgagelending #torontolenders

What Part of My Mortgage Refinance is Tax Deductible?   I was wondering if someone could offer me some insight regarding my mortgage and whether or not the refinancing I did recently is a tax deductible? ...AnswerHi there Stanley,   Thank you for submitting another question to the Canadalend team, we are always here to assist with mortgage and refinancing related questions.   Now, regarding your particular ...

Why Do Mortgage Lenders Need my Tax Returns?

By Jonathan McClapNovember 15, 20167 comments

#mortgagelenders #canadalend #mortgagehelp #mortgageloans #mortgageadvice #torontomortgages

 Why Do Mortgage Lenders need my Tax Returns?   I was wondering If I could get more information regarding this topic as I want to look into applying for a mortgage some time in the future. Why ...AnswerHello Jonathan,   Thank you for reaching out to the Canadalend team with your question regarding the mortgage process and tax returns.   "Why mortgage lenders need tax return information" is ...

Why do I need a property appraisal?

By AnonymousNovember 15, 20163 comments

#canadalend #propertyappraisals #mortgagehelp

Why do I need a property appraisal?   Hi there, I have begun the process of purchasing a home and was wondering why I need to go through a property appraisal. Is this something that the banks can ...AnswerHi there,   I have begun the process of purchasing a home and was wondering why I need to go through a property appraisal. Is this something that the banks can really force me to do?   The ...

Residential and Commercial Financing

By GuestNovember 15, 20163 comments

#CANADALEND #mortagagehelp #residentialfinancing #commercialfinancing

Residential and Commercial Financing   I am in need of help with both residential and commercial financing. I would like more information on some of the options Canadalend can offer me.AnswerOntarians looking for residential mortgages have traditionally turned to banks and other financial institutions. However, that has changed in recent years, as an increasing number of home buyers have been ...

Why should I go to a Mortgage Broker or Agent first?

By GuestNovember 15, 20162 comments

#canadalend #mortgagehelp #mortgagefaq #canadianbroker

Why should I go to a Mortgage Broker/Agent first?  I always assumed that in order to begin the process of purchasing a home I had to go directly to my bank.   Is there any specific reason ...AnswerYou should go to a mortgage broker or agent first because it saves times, hassle and money.   Their job is to get you the best deal possible for your mortgage.   So instead of shopping ...

Mortgage Broker Fees Canada

By GuestNovember 15, 20163 comments

#canadalend #mortgagehelp #brokerfaq

Mortgage Broker Fees Canada I was told by a family member that I should look into hiring a mortgage Broker to help me find mortgage options.I really do not know where to begin looking to be honest.   What ...AnswerThe fees associated with hiring a mortgage broker is a common one.   Mortgage brokers tend to earn a one-time commission from the lender.   The amount often varies depending on the type of mortgage ...

What Can I Use for a Down Payment?

By Pamela ScottNovember 15, 20162 comments

#canadalend #mortgagefaq #mortgagehelp

What Can I Use for a Down Payment?   I am thinking of purchasing some property in the near future, what can I use for a down payment towards the purchase?   What do I need to take into account ...AnswerWhen it comes to down payments, there are various options available that most people don't even consider. Here are a few examples:    RRSP’s are used as down payments. First time ...

What is the minimum down payment required to purchase a property?

By SpringNovember 15, 20161 comments

#canadalend #mortgagefaq #mortgagehelp

What is the minimum down payment required to purchase a property?   I am new to the home buying process and have just started saving up some money.   What is the minimum down payment required ...AnswerThis is an excellent question and is something that all home buyers need to keep into consideration, here are some examples of the minimum payment requirements needed in order to purchase a property in ...

What should I budget for a home purchase?

By AnonymousNovember 15, 20164 comments

#canadalend #homebudgeting #mortgagehelp

What should I budget for a home purchase?   My husband and I have been discussing purchasing our first home together.   We wanted to know, aside from the amount we need to leave aside for a ...AnswerHere are a few things to keep in mind when starting to budget for a home purchase:   •Before moving day: Down payment, legal fees, deposits to builders ( if valid), real estate fees ( if ...

Mortgage options for a bad credit score

By Jonathan McClapNovember 15, 20164 comments

#CANADALEND #Badcreditmortgage

Mortgage options for a bad credit score I have made a couple of mistakes in the past and now my credit is pretty bad. I really want to buy a home to start a family in but I have a bruised credit score. ...Answer Most Canadian banks will not approve a mortgage loan for those individuals who have a low credit score (below 600), if you are in that situation you will have to look for a “B lender” ...

NEWER PREVIOUS

«3456789101112»