Why is it so hard to get a mortgage? These days there seems to be so many "hoops" to jump through just to get a home loan. That's why we are here - to help you navigate through the confusion and in...
When you’re self-employed, it can be harder to prove your income to get a mortgage. Find out how to apply for a mortgage when you work for yourself.
With recent changes to the mortgage rules, getting a mortgage to buy a home is getting harder. Add to that the recent increase in the Bank of Canada's qualifying conventional 5 year mortgage rate.
It is a bad time for home owners and wannabe buyers currently. Here we explain why lenders are making it so hard to get a mortgage.
An important number that affects the ability of millions of Canadians to qualify for a mortgage has changed. The Bank of Canada has raised its conventional five-year mortgage rate from 5.
If you’ve been thinking about getting a reverse mortgage, and are in fact on the verge of making the decision to do so, it may behoove you to make that decision right now. A whole bunch of new regu...
Vault’s Viewpoint ; Before you start the preapproval process, make sure your credit is in good shape. ; Shopping around and comparing mortgage lender offers will help you score the best terms. ; Don’t forget to factor in closing costs.
While eligibility criteria can vary by lender and loan type, there are a few common requirements that mortgage lenders typically look for including: The credit score you’ll need will depend on the type of mortgage you want. You should usually have a score of at least 620 for a conventional loan. But you might qualify with a lower credit score for other kinds of mortgages, such as those backed by the Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA) or Department of Veterans Affairs (VA). ...
can get started. Read more: How to buy a house in 2024 A mortgage preapproval is a notch below final loan approval. Your... in a hard inquiry and can hurt your credit score. Others don’t...
to hit around 7.125% on Tuesday. It’s been over 7% for several days. Meanwhile, mortgage credit availability is now at the lowest level since March 2013, which was when housing was in a...