Understand Your Credit Score
If you are applying for a mortgage or any other type of credit, a lender will always want to see your credit score. Having a strong credit score is so important to a mortgage application. When I sit down with clients and it comes to checking credit, there is often a sense of uneasiness ...
Monday Mortgage Interest Rate Minute May 10th
2.65% – 1 Year Fixed 3.85% – 3 Year Fixed 4.35% – 5 Year Fixed 3.25% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.40 3 Year Variable P-.50 5 Year Variable NOTE: Rates are subject to change without warning at the lender’s discretion.
Maximize the Benefits of Your Credit Card
One of the keys to successfully qualifying for a mortgage or any other type of credit is learning how to use your credit card. Credit cards can be a very useful tool when used properly but unfortunately credit cards don’t come with instructions. When I work with first time home buyers the most common ...
How to Qualify for a Variable Rate Mortgage
On April 19th 2010 new mortgage rules came into effect which have made it a little bit more challenging to qualify for a variable rate mortgage. Traditionally lenders qualified your maximum mortgage amount based on their current 3 year fixed rate. However, today it is a little bit more complicated and this post will ...
New Merix Fixed 5 Year with 90 Day Ratehold
The problems over seas in Europe are already hitting close to home as bond yields have dipped for the last couple of days indicating that investor confidence is shaken. This bodes well for borrowers looking to get into fixed rate mortgages as there may be a reversal to the sharp steady increases to fixed ...
Monday Mortgage Minute May 3rd 2010
Mortgage interest rates continue to climb for the 4th week in a row. There is a lot of discussion between observers and economists who think that the banks are prematurely driving rates up as highlighted in Rob Carrick’s Globe & Mail article, “Are Big Banks Jumping the Gun?”. With each passing week the variable ...