Category: Qualification

So, you’re wondering – “Can I qualify for a mortgage with a 740 credit score?”  Well, you’re in the right place.  Determining your eligibility for a mortgage isn’t straightforward. Besides your credit score, factors such as income, down payment, and property details all play a role in influencing your qualification. This article delves into everything […]

If you’re like most of us, you’ve probably asked yourself: “What exactly is a credit score, and why does it matter when I’m trying to get a mortgage?”  You’ve come to the right place because we’re about to unravel this mystery together. In simple terms, a credit score is like your financial report card. It’s […]

If you’re planning to apply for a mortgage, it’s essential to be well-prepared with all the necessary documentation.  In this article, we’ll guide you through a comprehensive checklist of mortgage documents, ensuring you have everything you need to streamline the application process. Before diving into the specific documents, let’s take a moment to understand why […]

Canada has a diverse housing landscape, with bustling metropolitan cities, charming small towns, and everything in between. Over the past few years, the market has experienced significant growth, making it both exciting and challenging for first-time buyers like you. It’s no secret that buying a home can be a complex and sometimes overwhelming process. As […]

Are you wondering if you’ll be to get a mortgage after bankruptcy? Don’t worry. You’re not alone. Many people find themselves in a similar situation, and the good news is that it’s entirely possible to bounce back and secure a mortgage after bankruptcy. In this article, we will walk you through the steps and strategies […]

In today’s expensive housing market, getting a mortgage loan that fits your income is important. The higher the amount you qualify for, the more buying power you have and the better your chances of outbidding others for your desired property.  However, qualifying for a high mortgage is not as simple as just asking for more […]

Refinancing your mortgage can be a great way to lower your interest rate, reduce your monthly payments, or access the equity in your home for other financial needs. But, just like any other financial decision, it’s essential to be aware of the potential roadblocks you might encounter during the process. By understanding the challenges of […]

Suppose you’re considering buying a house in Ontario. Then you have to know how much income you need to make that dream a reality. Without this knowledge, you could easily make the wrong decision about your house-buying power and struggle to make the mortgage payments or even be denied altogether.  That’s why in this article, […]

Embarking on the journey to homeownership can be both exciting and daunting, especially for self-employed individuals. Navigating the mortgage qualification process can often feel like a complex puzzle, with income verification being one of the most crucial pieces. That’s why we’ve created the “Ultimate Guide to Mortgage Qualification for Self-Employed: Tips & Strategies for Income […]

If you’re thinking about buying a house in Canada, it’s essential to consider your credit score. Your credit score can play a significant role in determining whether or not you’re approved for a mortgage and the interest rate you’ll be offered. Understanding what constitutes a good credit score and how to achieve it is crucial […]

If you’ve been turned down by traditional mortgage lenders like your bank or credit union due to your credit score or income verification, there’s still hope for you. B-Lender Mortgages can help. These mortgages are provided by non-bank lenders who are willing to take on a higher level of risk in exchange for higher interest […]

Are you self-employed and looking to purchase a home or refinance your mortgage? If so, you may feel intimidated by the mortgage process. After all, traditional lenders often prefer borrowers with a steady paycheque and regular T4 income. But don’t worry! The good news is that getting a low-rate mortgage with your self-employed income is […]