Category Archives for "Homeownership"

Kelowna Mortgage Broker Explains 90 Day Down Payment Rules


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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3 Benefits Of Hiring A Kelowna Mortgage Broker

3 Benefits of Hiring a Kelowna Mortgage Broker

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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Why The Property Matters

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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Mortgage Post Bankruptcy

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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Online Mortgage Calculators, Can You Trust Them?

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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Minimum Required Credit Profile

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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Avoid This Mistake When Shopping for a House

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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