Category Archives: Achat

Do I have everything in order to obtain my mortgage loan approval?

Monday August 20th, 2018

Do I have everything in order to obtain my mortgage loan approval?

1) Proof of income: Documents that provide proof of your income are very important. They will be the hardest to find and require the most work, so it is absolutely essential that you be prepared if you want to avoid a lot of stress. Salaried employees must produce a recent pay stub and a letter […]
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Is a home inspection a pre-purchase must?

Monday August 13th, 2018

Is a home inspection a pre-purchase must?

Technically, the answer is no. However, as mortgage specialists, we strongly recommend it!  We are strong believers in pre-purchase home inspections because they provide you with a better understanding of the property you are buying. The role of the inspector is to provide you with a thorough report on the quality of the property. Does […]
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Falling in love with your dream house – how to get the information you need to help you with your decision

Monday July 30th, 2018

Falling in love with your dream house – how to get the information you need to help you with your decision

Karen and Carl live in a beautiful, cozy house in the Laurentians. During a walk on a beautiful Sunday, they found a house for sale, hidden in the woods. The real estate broker was there and showed them what was to become their dream home. The owners wanted to sell quickly and were willing to […]
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Green Homes: How to save up to 25% on your insurance premium

Monday July 23rd, 2018

Green Homes: How to save up to 25% on your insurance premium

Did you know you can get up to 25% of your mortgage insurance premium back when you buy an energy-efficient home or when you buy a home and make energy-efficient improvements?   Purchasing or building an energy-efficient home New homes built under one of the energy-efficient building standards set out by the Canada Mortgage and […]
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Do you know what the minimum down payment is for a condo, a bungalow, a castle, etc?

Sunday July 15th, 2018

Do you know what the minimum down payment is for a condo, a bungalow, a castle, etc?

Since the law changed in October 2016, the minimum cash down payment to purchase a house, condo or duplex valued at less than $500,000 is 5%. When the price is higher than $500,000 but lower than $999,999, you must put down 5% for the first portion of $500,000 and 10% cash for the exceeding portion. For […]
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Take the time to evaluate whether a variable interest rate is a good option.

Sunday July 8th, 2018

Take the time to evaluate whether a variable interest rate is a good option.

In almost every domain, the more risk we take, the better the reward.  Insofar as your mortgage is concerned, if you choose a variable rate you will have a lower initial rate. The rates could move even lower just as they could fluctuate upwards over the next 5 years. Therefore, the questions you really need […]
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Everything about the house is perfect except for the kitchen. What are my options?

Sunday June 24th, 2018

Everything about the house is perfect except for the kitchen. What are my options?

Although the kitchen, the bathrooms as well as the floors are rarely to our taste when we visit houses for sale, is this a reason to reject a house that has many other assets? The CMHC purchase-renovation program, growing in popularity, is even necessary in certain renovation situations since the change in mortgage lending rules. […]
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Speed up your mortgage payments and save money!

Monday June 18th, 2018

Speed up your mortgage payments and save money!

What is the difference between an accelerated weekly payment and a non-accelerated payment? Simple! If your mortgage costs you $1,000 a month, and you want to pay it weekly, your financial institution will ask if you want to make the accelerated payments or not. Here is how the accelerated payment works: $1000/month divided by 4 […]
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Changing jobs during the mortgage application process has its risks!

Monday June 11th, 2018

Changing jobs during the mortgage application process has its risks!

Changing your job in the middle of your mortgage application (purchase, refinancing, renewal or investment) can cause you some serious problems. In order to obtain your mortgage approval with all the conditions having been met, your employment status cannot be ‘probationary’. Therefore, if you change your job just before negotiating your mortgage, you will have […]
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