Terminating Your Mortgage Early
🏡 What It Means Terminating your mortgage early means paying it off before the end of your term — usually to: Refinance Sell Switch lenders Access equity ✅ Pros of…
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Accessing Equity Once You Own Your Own Home!
What It Means to Access Equity Equity is the difference between: 👉 What your home is worth 👉 What you still owe on your mortgage Simple Example Home value: $400,000…
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Mortgages After Bankruptcy and Consumer Proposals
Mortgages After Bankruptcy or Consumer Proposal Good news — even after a bankruptcy or consumer proposal, homeownership is still possible. It just comes down to timing, rebuilding, and meeting a…
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Credit Scores – What do they mean?
Credit Scores & What They Mean for a Mortgage For mortgage applications, we use Equifax scoring. If you’re currently checking your credit through online banking or platforms like Credit Karma…
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What not to do once you've received a mortgage approval!
What NOT to Do After You Receive Your Mortgage Commitment You’re almost at the finish line… now is not the time to shake the table 😅 Until you have keys…
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Not Happy with Your Pre-approval Amount? How to increase it!
If you received your pre-approval and you would like it to be more there are ways to help increase it. 1. Pay Down Existing Debt This is the fastest win….
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What NOT to do after getting a pre-approval!
What NOT to Do After You Get a Pre-Approval You’ve got your pre-approval… now don’t accidentally blow it up before closing 1. Don’t Take on New Debt or Close Current…
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Adding a Rental Suite to your Purchase
Adding a Rental Suite with Purchase Plus Improvements One of the most powerful ways to use this program is by adding a rental suite to your home. Think of it…
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Purchase Plus Improvements
Purchase Plus Improvements – Simple Explanation Think of Purchase Plus Improvements like this: You’re buying a home that isn’t perfect… yet And your mortgage helps you fix it up right…
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New To Canada
New to Canada? You May Still Qualify for a Mortgage Many people think they need years of credit history in Canada to buy a home. That’s not always true. There…
Read MoreRequired Documents and Where to Find Them!
If you have an accountant that does your taxes it might be easier to reach out to them directly. All tax return documents have be found on your CRA account….
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Getting a co-signer
A strong co-signer can be the difference between “not quite” and “approved.” But it has to be the right kind of strong. Not emotionally strong. Financially strong. 🏦 Here’s how…
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Debts you can get to rebuild your credit
🛡 1️⃣ Secured Credit Card (Best First Step) If you can’t qualify for a regular card, this is the gold standard. How it works: • You give the bank a…
Read MoreCredit Cards – Credit cards are like espresso shots for your credit score ☕ They work fast. For you… or against you.
1️⃣ Utilization Is a Heavy Hitter Your credit utilization ratio is one of the biggest factors in your score. That’s simply: Balance ÷ Credit limit If you have: • $5,000…
Read MoreClosing Cost
Closing costs are the quiet line items that show up right before keys-in-hand day and say, “Hi, we exist too.” 🏡🔑 On PEI, here’s what buyers should realistically expect. 💰…
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Down Payments
Depending on the property the down payment varies. Here is some insight on a general rule of thumb: First Time Homebuyer – 5% down payment Secondary Property/Cottage – 5% down…
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PEI Down Payment Assistance Program
Prince Edward Island Down Payment Assistance Program (DPAP) This is a provincial pilot program to help modest-income Islanders buy their first home. It’s designed to make that first down payment…
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