RateGuru Mortgage

Building Wealth - Homebuyers

  More and more people are realizing the importance of investing in property. Making an investment in property is a very powerful tool to grow wealth and a great reason to consider buying an income property. If you're able to make the right investment in property, it's possible to...
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A Mortgage Pre-approval - Step 1 of The Process

Searching for a new home can be daunting. There are many steps in the homebuying process, but the very first step is to obtain a mortgage pre-approval. By doing so, you can be certain on the amount you have available...
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A Good Credit Score for Best Mortgage Rate

For most Canadians, buying a house is one of the most important investments made in a lifetime. Buying a house essentially requires two things – having a down payment and getting a good mortgage which ultimately requires a good credit...
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A Fairly Divided Marital Home

Separation or divorce is very emotionally taxing on both parties as well as on the families involved. Dividing everything is a hard enough process and joint loans and bank accounts can add to the disagreements and confusions. We understand and...
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6 Reasons to Work With a Mortgage Broker

 When you choose to work with a mortgage broker you gain access to unlimited financial advice that can have a huge impact on your financial situation. That's one reason to use a mortgage broker and here are six more to...
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How To Calculate Mortgage Affordability?

When buying a new home, you have to assess how much you can afford. The monthly mortgage payment will depend on a number of factors, such as family income and total expenses. This includes car loans/lease, credit card payments and other expenses...
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Mortgage - Pre-Qualification Versus Pre-Approval

A mortgage pre-qualification is often confused with a mortgage pre-approval but both are important - consider it one step, with two parts - 1.a) and 1.b) of the process. A mortgage pre-qualification, step 1.a) includes questions about your income and...
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6 Tips to Save For a Down Payment

6 Tips To Save for A Down Payment Where are first-time buyers getting money for a down payment?  If you aren’t one of the lucky ones to get help from the parents, heroic savings measures are needed by anyone thinking...
RateGuru Mortgage

When Your Mortgage Renewal is Declined

When Your Mortgage Renewal Is Denied? When your current mortgage term reaches its maturity date, that means it is time to renew the balance on your mortgage for another term. This is a process you are likely to repeat a...

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First Mortgage
First time mortgage doesn’t mean only the first home home that you buy. It can also mean the primary lien on the property you are planning to buy. It’s not about the level of home buying but the property itself. The term mortgage is a security for the lender.