Credit is the trust that allows one party to provide money or resources to another, and the second does not reimburse the first immediately. This process generates debt, but the latter party promises to either repay or return those resources at a later date. Overall, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The higher credit, an individual collects, and pays off, the more they are allowed to collect moving forward.

With the uncertainties thrust upon the economy by the COVID-19 pandemic, the rates of financial products, including mortgages, have been fluctuating continuously. As lenders begin to adjust to the effects of the Coronavirus, they have started to lower their rates to stay in business. This means it’s an ideal time to refinance your mortgage and take advantage of the low rates.

The home-buying journey can be lined with several complexities that make your dream of homeownership a difficult one to fulfill. Therefore, it’s advisable to enlist the services of a mortgage specialist to assist you with your mortgage application. A dependable mortgage specialist can help alleviate stress by helping you with the mortgage process from start to finish. However, with so many mortgage specialists available, it can be confusing to select one and be certain of a favorable outcome. To make this selection process easier and help you sieve through your options, here’s a list of the top five things to look for when hiring a mortgage specialist.

The mortgage application procedure can be demanding due to the complexities and several steps involved. Unfortunately, in haste to get their mortgage funded, many tend to commit errors that affect the whole process adversely. 

As an AMP and Mortgage Specialist who is committed to working for your best interest, I’ve worked with a wide range of clients to help them fulfill their dream of homeownership or move into a house that matches their requirements. 

Clients don’t always have the ideal financial situation to facilitate their home purchase, and this is where I step in to assist them in finding ways and means to fund their dream. 

Mortgage agents can help you secure your dream home by listening carefully to your personal needs and assessing your creditworthiness. Based on these factors, they can prepare you for the mortgage process by doing the running around and securing a lender, which will put your money to best use.

At The Mortgage Group in Vancouver, BC,  Heidi Hamano understands that applying for a mortgage can be quite a challenge. Applying for your first mortgage can even be viewed as a stressful or laborious task, but with a little preparation, you can handle the process quickly and easily.

Dipping your feet in the real estate market, especially when buying a new house is a long-term dream for most first time home buyers. It is a triumphant feeling, and more often than not, buyers revel in celebration even before closing a homeownership deal. 

If you’re in the market for a new home, it is vital to stay up to date with the latest amendments in real estate regulations, and one of the most significant rule changes, introduced by The Office of the Superintendent of Financial Institutions (OSFI) in recent years is the B-20 stress test.

With a seemingly endless list of mortgage products to choose from, picking the right product is a task even for an experienced home buyer. Unfortunately, what confounds the mortgage obtaining task is opting to do so without the help of a professional.

There’s a lot to consider when buying a property as it’s a significant investment. For starters, you need to know if you have sufficient funds to make a successful purchase. If you don’t, like many, you’ll require a mortgage to afford your dream home. However, getting a mortgage can be trickier than it used to be, so to ensure you get a mortgage, you must be well-prepared. To be certain you have all the essentials for a mortgage, it’s vital to understand and note what they are. This is because the world of mortgages is complex to navigate, especially for those…