An underwriter is a professional title used to refer to someone who takes on the risk in a deal and gives a guarantee of payment in case of the deal going rouge. Underwriting is one of the standard practices in the fields of business, investment banking sector, and insurance sector. Underwriters do whatever they can …
When you own an income property, you want to protect your investment. The last thing you want is to invite a tenant into your property to have them fail to pay rent month after month. Unfortunately, there’s no guaranteed way to ensure that a tenant will pay their rent on time. There are, however, many …
A self-employed mortgage is simply a commercial or residential mortgage taken out by a self-employed worker or business owner. However, just owning a business isn’t enough to qualify for self-employed mortgages in Canada. It doesn’t matter what business you do, whether you’re a start-up founder with the next big idea, or you just opened up …
The revered credit score is one of the most important factors lenders consider when you fill your mortgage application. Three magic numbers that can be the difference between owning your dream home and having your application turned down. But despite the revered status accorded to the credit score, it is not a figure that’s set …
What is the Minimum Credit Score for Mortgage in Canada? Read More »
A home goes beyond being a shelter to being a place of memorable treasures. Home insurance in Markham is essential for all homeowners in the city. For most homeowners in Canada, the home and personal belongings are one of the most valuable possessions. The home depicts a lifetime of dedication, hard work, sacrifice, and financial …
Every home or property owner that has experienced any form of loss or damage to his or her properties will understand the financial burden of repair, rebuild, or replacement of the lost or damaged possessions. Hence, such a homeowner will appreciate the importance of having home insurance coverage on the home. Kingston home insurance provides …
Buying a house can be exciting! If you’re finally at that stage where it’s time to settle down and have a place you get to come home to every day that’s yours, then you’re about to go through a wonderful change. Along the way, however, you’ll have to go through a process that almost overshadows the happiness …
An assignment sale is a mortgage clause that allows the buyer of a home to sell the home to another buyer before they close on it. If you are an individual looking to invest in the condominium industry, you may have heard the term “Assignment sale” tossed around a time or two. Assignment sales are …
Canadian seniors are cashing in on reverse mortgages. In fact, reverse mortgage debt reached $4.42 billion in October 2020. It’s true that reverse mortgages aren’t as popular as other mortgages and that’s because it isn’t really a mortgage in the proper sense of the word. So what is a reverse mortgage in simple terms? A …
Paying off your mortgage is probably one of the greatest accomplishments you could ever have. Unfortunately, for many, this lofty dream can quickly spiral into a never-ending nightmare, with the massive amount of debt involved in financing a mortgage. You would have to make sacrifices, such as not traveling as much as you’d want, or …
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