When it comes to purchasing a home, there are a lot of players in the game. From appraisers to lenders, real estate agents to lawyers, it can seem a little crowded. For many new homeowners, it can be overwhelming, so why add a mortgage broker to the mix? Will it really make that much of [...]
Saving up to purchase a home is no walk in the park, but don’t forget that you’ll have to keep on top of your monthly mortgage payments long after your down payment has been made. In Canada, you never truly miss a mortgage payment, you’re just “late”. Your records will show every month after that [...]
Most homebuyers are familiar with the standard down payment on a house. All this means is that they have to save up at least 5% of the purchase price well before buying the home. For some, saving up that much money can be a daunting task, so they choose to forgo purchasing and go on [...]
While homebuyers are out to find a home, lenders are out to make a profit. After all, theirs is a very important business. Lenders earn their living by charging interest on the money you borrow to make big purchases. While this arrangement is fairly common knowledge, many folks still find it a mystery as to [...]
Having a good credit score is a way to ensure that you experience less financial barriers in life. A low rating, on the other hand, can force you to work through some unfortunate obstacles. Every adult will need to have their credit score checked at some point or another by lenders, banks, or even potential [...]
Purchasing a home is a huge decision. Thought, planning, and care are key to a successful and smooth process. The nature of homebuying makes it impossible to do entirely on your own. You will need to deal with real estate agents and sellers, lenders and lawyers. Why not go in with a knowledgeable, goal-oriented team [...]
Owning your own home is an incredibly rewarding venture, so much so that some homeowners are chomping at the bit to start the process all over again and purchase a second home. If financially feasible, a second house can offer equity, income, or just a place to get away from the stress of it all. [...]
According to a study done by the Canadian Association of Accredited Mortgage Professionals, the average Canadian will own 4.5-5.5 homes in their lifetimes. That means that Canadians are moving their mortgages around just as often. Porting is an option for those homeowners who have not yet completed their mortgage in one home before they move [...]
We’re always proud of the hard work that we do at Source Mortgage, and that hard work has paid off. In April, Source Mortgage was part of Dominion Lending Centre’s Top 50 Brokerages, and you can trust that we’ll continue working to maintain the high standard of service. Thank you to all of our clients [...]
The gorgeous Calgary summer is upon us. For some of us that means long days and warm nights, for others it means finally making the foray into homeownership. Even if you are planning on purchasing later into the summer, the time to get approved is now! Pre-Approval Pre-approval is beneficial in several different ways. Think [...]
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