…and other entries to help simplify the not-so-simple mortgage procedures.
Different Mortgage Features
Did you know mortgages can come with some special features? Yeah, neither did I, not until I decided to become a trusted mortgage professional. Sometimes, we all need things to be a bit more flexible for them to work for us. Here are some of the special features that can be included in a mortgage.…
Lesser known things to help secure a pre-approval
There are many components to a mortgage application that almost feels like common knowledge; however, as your trusted mortgage professional, I’ve compiled some quick and easy, and yet, lesser-known tips that will help you with the mortgage approval. Guarantor A guarantor is somebody who helps with the application by agreeing to guarantee that payments are…
Applying for a Mortgage: 101 Other common forms of employment income
When verifying applicants for their employment status, it can be assumed that they have at least one source of income. As your trusted mortgage advisor, I’m here to say that there are other types of revenue that can be considered eligible income towards your mortgage application. The following types of income are eligible for a…
Simplified Definitions of Acronyms – GDSR – TDSR – LTV
So, you’re in the middle of doing your research on how apply for a mortgage and you come across these new terms and acronyms – TDSR, GDSR and LTV. You start to think, “oh no, I have to learn all these new things too?”. As your mortgage specialist it’s my job to save you the…
The Five C’s of Credit
One of the most, if not the absolute most important aspects of a mortgage application is the borrower’s credit. We all know what a credit score is, we’ve all heard of it when applying for any type of loan and if you’re savvy and conscious of your score, you probably check the credit apps on…
Applying for a Mortgage 101: Employed vs. Self-Employment
The guidelines vary for the salaried employee vs the self-employed. While a salary and an employment letter work well for securing a mortgage, the requirements for those that are self-employed are just a bit more elaborate. When applying for a mortgage, there are different guidelines when you’re an employee vs. self-employed with your own business. …
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