Occasionally with first time home buyers, the lender will ask for a co-signer or guarantor on a mortgage application. This happens for a couple of reasons – usually due to the applicant not having enough income to support the mortgage on their own, poor credit, insufficient employment history or an inadequate down payment. A co-signer simply adds… Continue reading What is a Co-Signer?
Author: Tim
Tim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with a variety of lenders and can help customize a mortgage with the best rates & options that fit the needs of each customer.
Mortgage Monday Rate Update: December 2012
While the mortgage industry slows down around Christmas, it doesn’t quite slow to a standstill. For those that are shopping for a new house, or looking to do a refinance (or even just a simple mortgage renewal), rates and numbers are an important part of the mortgage equation. When rates change even the slightest of percentage… Continue reading Mortgage Monday Rate Update: December 2012
Learn Before You Leap
Article courtesy of Genworth Canada. Owning your own home is an exciting proposition. But before you can know whether homeownership is right for you, it’s important to understand what’s involved. The worst mistake you can make as a new homeowner is to buy a house that ends up over-extending you financially. The key is to… Continue reading Learn Before You Leap
The CAAMP 2012 Mortgage Forum
Right now in Vancouver, BC, the annual CAAMP (Canadian Association of Accredited Mortgage Professionals) mortgage forum is taking place. It’s the annual “big event” in the Canadian mortgage industry where mortgage brokers, lenders and everyone involved in the Canadian mortgage industry get together to connect with each other and “talk shop.” If you’re so inclined,… Continue reading The CAAMP 2012 Mortgage Forum
CAAMP Releases Annual Consumer Survey Report
Today, CAAMP released its fall consumer report, Annual State of the Residential Mortgage Market in Canada. The report indicates that the majority of Canadian homeowners are still comfortable with their mortgage debt levels; however, it also identifies weaknesses in the mortgage market that could affect Canada’s economic recovery. Here are some of the significant/interesting stats… Continue reading CAAMP Releases Annual Consumer Survey Report