These suggestions can help you avoid the stress and blockades that many borrowers have faced along the route to approval.
If you don't already know, getting pre-qualified is always the very first step that should be taken! However, even before the per-qualification, you need to make sure you have all your ducks in a row!
As of January 1st 2018, Canada's Uninsured home buyers will be required to qualify for their mortgage with an interest rate of the greater of the Bank of Canada (BOC) Rate, or 2% higher then the contract rate.
If you happen to be going through a separation or divorce, you need to be aware that there are mortgage products designed specifically to allow you to refinance your home in order to buyout your, soon to be ex, spouse.
Who knew having a small business could have so many benefits. By having an annual gross revenue below $10,000,000 you can have acess to $1,000,000 from the Federal Government.
How? By getting to understand CSBF, a loan designed just for you.
Debt consolidation compiles all your debts and creditor dues into a single loan with one easy payment. This makes it easier for the borrower as it is less time consuming, less interest paid, it strengthens their credit score, and simplifies their repayment process. A debt consolidation loan's terms will depend on your credit score (the better your credit score, the better the interest rate), amount of debt, and type of loan taken.
Debt consolidation loans cover many types of loans, some of which could be credit card loans, medical bills, personal loans, mortgages, payday loans and more.
How to Get a Debt Consolidation Loan?