How to Use Online Banking to Provide Your Down Payment Account History

When you're applying for a mortgage, one of the most important pieces of documentation you'll be asked to provide is proof of where your down payment is coming from. This isn’t just about showing a balance—it’s about showing a clear and consistent history of the funds in the accounts you're using. In this post, we’ll … Continue reading How to Use Online Banking to Provide Your Down Payment Account History

Simplify The Paperwork- Electronic Documentation

📎 Submitting Your Documents Electronically Save time—and a tree🌳—by using electronic documentation. Most lenders accept PDFs of your banking documents, and sending them digitally can help move your mortgage approval forward more quickly and efficiently. Below are simple steps for saving your online banking documents as PDFs on desktop or mobile devices. 💾 How to … Continue reading Simplify The Paperwork- Electronic Documentation

What You Need to Know About FINTRAC

What You Need to Know About FINTRAC When you’re navigating the mortgage process, you might come across the term FINTRAC. But what exactly is it, and how does it impact you when you are being approved or even pre approved for a mortgage?  In this post, we’ll break down FINTRAC and its relevance in your … Continue reading What You Need to Know About FINTRAC

How To Get A Mortgage

There 4 main areas that lenders evaluate, while also considering the 5 C's of credit. These are income, down payment, active and historical credit, and the property itself. 5 Steps to Get a Mortgage Income and Employment. You monthly income is what will be paying the mortgage. There is a maximum percentage of your taxable … Continue reading How To Get A Mortgage

Fixed Rates and Bond Yields

In the past year we have seen fixed mortgage rates jump by 3% from the record low rates we had during the pandemic. At the same time variable rate holders have also seen substantial changes to their mortgage interest rates with the Bank of Canada increasing rates over 2% since its first increase back in … Continue reading Fixed Rates and Bond Yields