by Frances Hinojosa | Jul 10, 2020 | Blog, Economy, Finance, Homeownership
It’s important to pay attention to the little things that can make or break your chances of qualifying for a mortgage – and keeping your approval all the way through to closing. Did you know that it’s fairly common practice for mortgage lenders and insurers to...
by Frances Hinojosa | Jun 19, 2020 | Blog, Finance, Homeownership, Mortgage
Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
by Frances Hinojosa | May 22, 2020 | Blog, Economy, Finance
There are a number of reasons why refinancing your mortgage before your current term is up makes good financial sense. The most popular ones include taking advantage of lower rates or using your home equity to consolidate debt, fund renovations, ease cashflow or even...
by Frances Hinojosa | May 8, 2020 | Blog, Finance, Homeownership
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
by Frances Hinojosa | Apr 24, 2020 | Blog, Economy, Finance
The world as we know it has drastically changed. Most of us are staying home – not by choice, but through necessity. The financial and emotional strain associated with COVID-19 is very real – coping with the unnerving situation, trying to stay positive and finding...
by Frances Hinojosa | Apr 10, 2020 | Blog, Finance, Homeownership, Mortgage
As part of the ongoing effort to assist Canadians facing negative financial effects from COVID-19, the federal government has granted an extension for filing your taxes. The due date for personal tax filing has been extended from April 1st to June 1st, 2020,...
