- A Mortgage Co-Signer or Guarantor…Which Do You Need? - Buying a house in Canada can be tough for first-time buyers. It’s not just about saving money for a down payment – you also need a mortgage to afford a home because of high prices and extra costs. Traditional mortgage loans are harder to get, so some people might need to look for different strategies ...
- The Responsibilities of Becoming a Mortgage Co-Signer - Agreeing to become the co-signer of a mortgage for a home you, yourself won’t live in, is a big step. It’s important to trust the person you’re supporting 100%, and you should be aware of the requirements, responsibilities, and risks that come with being a co-signer before signing on that dotted line. Talk to your ...
- Everything you need to know about co-signers - Are you having trouble qualifying for a mortgage loan on your own? Or are you not getting approved for a large enough mortgage loan and need to amp up your mortgage application? If you’re having trouble getting approved for a mortgage, a co-signer may be what you need to save the day! But what is ...
- What is a guarantor on a mortgage? - You’ve tried to get approved for a mortgage, but you didn’t get approved for the amount you were hoping for. What are your next steps? Well, firstly let me start by saying that you still have tons of options. It can be disheartening to hear that you haven’t been approved for the ideal amount. But ...
- Do you need a mortgage co-signer? - Buying a house is an extremely exciting experience, but it can also be stressful and disheartening to not get approved for a mortgage right away. Just because you didn’t get approved, doesn’t mean it’s impossible to eventually get approved for the mortgage you need to purchase your first home or your dream home. Particularly if ...
- The Pros & Cons of Buying a Home with a Group of People - When it comes to buying a home in Canada, it is getting more and more difficult to do on your own. As property values continue to climb in different areas, it’s also becoming increasingly more hopeless to find a place on your own. That is why you may be considering buying a home with a ...
- RESPs As a Holiday Gift Idea - Thinking of a great gift for your kids, grandkids, nieces or nephews this Christmas? Have you considered contributing to their Registered Education Savings Plan (RESPs)? While it may not offer that giggly delight upon opening as some toys or trending gifts might, it sure does a lot to help them reach their life goals in ...
- Do You Need a Mortgage Co-Signer? - For many people with less-than-stellar credit ratings, sporadic (or self-employment) income, or perhaps you’re new to Canada and don’t yet have a credit rating, getting approved for a mortgage can be tough. Even if you know you can afford the mortgage payments and upkeep, lenders may view you as too high a financial risk. That ...
- When might I need a co-signer on a mortgage application? - After looking at houses and applying for a mortgage, there’s nothing more disappointing than having an application denied. If your application is rejected, it’s usually because you (and/or your spouse) did not meet all the lenders’ criteria, or, simply put, your application wasn’t strong enough. You may not even have a poor credit rating, it ...
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