90 Day Source Of Down Payment Rules Explained by A Mortgage Broker Kelowna Purchasing a home and securing a mortgage is a milestone for Canadians. However, understanding and meeting the rules and requirements set by lenders can be overwhelming. One particular rule that often confuses homebuyers is known as the “90 day source of down payment” […]
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Who Assumes The Risk When I Work With A Mortgage Broker In Kelowna If you’re considering buying a home, you may need to find a lender to provide a mortgage for the property. I’m Ric Lazare, a mortgage broker Kelowna based, and I can help you achieve your goals for home ownership. If you are […]
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Home Equity Loans: What Your Mortgage Broker Can Help You With If you’ve been thinking about taking a home equity loan, you should understand how the process works before moving forward. I’m Ric Lazare, a highly experienced mortgage broker Kelowna residents in the British Columbia area will recommend. I can help you gain insight into […]
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3 Benefits Of Hiring A Kelowna Mortgage Broker A mortgage broker acting as an intermediary between you and potential lenders can make your home-buying process easier. The broker can help you find a lender best suited for your financial situation and requirements. Lazare Mortgage Group is an exceptional brokerage firm that can make your home-buying […]
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When looking to qualify for a mortgage, typically a lender will want to review four main areas of your mortgage application. Income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for a mortgage, if the property you’re looking to purchase isn’t […]
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This should come as no surprise, but sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it doesn’t mean you won’t ever qualify for a mortgage again. The key here is to get a plan in place and show that you’ve got things under […]
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If you have a variable rate mortgage, and recent economic news has you thinking about locking into a fixed rate, here is what you can expect will happen. Firstly, your lender will be very happy as they will now make considerably more money off you. Not only will your interest rate increase, but the cost […]
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You’d think an online calculator is a pretty straight forward device, one that you should be able to place your full confidence in, and for the most part they are. Calculators calculate numbers, the numbers are reliable, but how you interpret those numbers… not so much, especially if the goal is mortgage qualification. If you rely […]
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Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what exactly is a “good history […]
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No doubt about it, buying a home is an emotional experience. It’s a game of balancing needs and wants, while trying to be honest with yourself about those very needs and wants. It’s hard to get it right, figuring out what’s negotiable and what isn’t… what you can live with and what you can’t live without. […]
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