This video explains the changes the Canadian government has recently made to how Canadians qualify for insured mortgages. They have instituted what is being called a “stress test” for your mortgage.
You may think that it is impossible to obtain a mortgage after you have declared bankruptcy in the past. Admittedly it can be a difficult process but there are options available if you are willing to do the work. The most important factor that a lender is going to look at is your credit score. Buying a home after bankruptcy is not the same as buying a home when you have no credit issues. Many lenders will consider your […]
If you are carrying high interest credit card debt, car loans or other personal loans you know that it can be challenging to pay off everything that you owe. A debt consolidation mortgage might be the solution for you. If you are a homeowner and there is sufficient equity in your property, consolidating all of your debt and including it in your mortgage payment might be the right solution for you. There are many benefits to debt consolidation including the […]