Mortgage

  • MortgageAppReject-KirbyHamilton-1000

How to get a mortgage (when you’re not the ideal borrower)

You can get a mortgage if you’re self-employed, got a poor credit history, or if you own more than three rental properties. First published by Ramona King of money sense in October 2015, this blog post still rings true today.If you’re a credit-worthy employee at a Fortune 500 company and don’t have […]
  • 3[1]

How I found my best revenue investment property yet!

After months of looking for my next real estate investment (in an insane 2016 record breaking sellers market in the Lower Mainland B.C.)… I found my gold nugget! I had no advantages to find this property, only a plan, preparedness and strict tenacity. Watch this video and find out how I bought this property privately, under value, locally in South […]
  • Confusion

RATE HOLD VS PRE-APPROVAL – A COMMON MISCONCEPTION

What is the difference between a RATE HOLD and a PRE-APPROVAL?   RATE HOLD These are generally automated where nobody even looks at the application.  The system only analyzes basic criteria; beacon score, loan-to-value, name and birthdate. No documents are even reviewed. A rate hold is simply just that, a rate hold. It’s just a certificate guaranteeing the stated rate for […]

What Can You Afford?

In the last video I shared, we discussed the pros and cons of renting vs buying a home. If you have decided to take the step and buy now, or even if you have decided to rent now and buy later, understanding what you can afford is the next step. Planning ahead for a mortgage is always […]
  • No Money Down-1

Can I Give Someone The Downpayment to Buy My House?

Although it might not always be this straightforward, the question “Can I give someone the downpayment to buy my house?” presents itself in many different ways. And the answer to all of them is no, well… except in one circumstance, but we will get to that later. Here are a few […]