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With today’s low mortgage rate environment, most ‘prime’ clients are taking advantage of rates around low 2.0%.  These rates are available for people who have good credit, these are usually for people that have credit scores above 680.  What if you have had credit issues in the past and still rebuilding your credit? If you…

WHY ARE THERE DIFFERENT MORTGAGE RATES? We are not referring to the fixed-rate vs variable-rate mortgages.  As that difference is obvious, one locks you into a long-term fixed rate the other varies depending on the prime lending rate. “I SAW A LOWER RATE ONLINE!” Everyone wants the lowest mortgage rate available.  But it might be…

In Canada, creditors such as banks, credit card, and loan companies report to two major credit agencies, Equifax and TransUnion. From this combined report you are given a credit score from 300 – 900, and this score represents your creditworthiness when you apply for credit. Ideally, you want a score above 680 to qualify for…

Mr and Mrs M, approached us after their mortgage approval fell through at the last minute with another broker.  Their last broker processed their mortgage for months and told them right before they were ready to sign with the lawyer that the lender was not willing to proceed. Mr M, was only at his current…

As we are all facing this global crisis due to COVID-19, it is very important to protect our families from the uncertainties that the future holds.  We will get past this pandemic, but we do not know how long the impact of this will have on our country’s economy.  Many businesses are cutting costs by…

Mr & Mrs S, were looking to buy a bigger property for more space for their growing family.  They have sufficient income to support purchasing their perfect home but their credit scores were on the low end due to a few late repayments on their credit facilities.  Mrs S’s score was under 600.  They could…