Mortgage Insurance for New To Canada Homebuyers

Darcy DoyleBlog, Credit Score, Mortgage Tips

New to Canada? Everything you need to know about mortgage insurance

Whether you’re new to Canada, a permanent resident or a foreign investor, you’ve probably heard of mortgage insurance. The biggest misconception about mortgage insurance is that it benefits the borrower. When in reality, it is used to protect the lender against the risk of the borrower defaulting on their mortgage. … Read More

New to Canada Mortgages

Darcy DoyleBlog, Mortgage Tips

Canadian Newcomer Mortgage options for New Immigrants

Whether you’re a permanent resident or newly arrived in Canada, finding and financing your future home is one of the most important decisions you can make for yourself and your family.

Don’t Do This When Seeking a Mortgage!

Darcy DoyleBlog, Mortgage Tips

In today’s reality of tougher mortgage qualification rules, it’s even more important to pay attention to the little things that can make or break your chances of qualifying for a mortgage – or hanging on to your approval all the way through to closing. Did you know that it’s getting … Read More

Why Do I Need an Appraisal?

Darcy DoyleBlog, Mortgage Tips

Mortgage lenders request an appraisal for several reasons, but the main two are: 1) When you’re buying a new home; and 2) If you’re dipping into your home equity through a refinance on your existing mortgage. An appraisal is an unbiased expert opinion on the value of your home carried … Read More

How Do GDS & TDS Affect Mortgage Qualification?

Darcy DoyleMortgage Tips

December-Blog-Image-themortgageprofessionals

You’ve likely only come across ‘GDS and TDS ratios’ if you’ve previously applied for a mortgage. These calculations are used to determine what you can afford to pay towards homeownership costs based on your current income and debt levels. GDS – gross debt service – is the percentage of a … Read More

What Does a Monoline Lender Have to Offer?

Darcy DoyleMortgage Tips

The-Mortgage-Professionals-Blog-What-Does-a-Monoline-Lender-Have-to-Offer-November-2017

You’ve likely only heard the term ‘monoline’ lender if you’ve had a mortgage with one and/or you’ve used a mortgage broker to negotiate home financing on your behalf. Although not as well known as banks and credit unions, monolines provide excellent mortgage solutions to meet the needs of a variety … Read More

Looking for Ways to Pay Your Mortgage Off Quicker?

Darcy DoyleMortgage Tips

The Mortgage Professionals-October-Blog-Image

Everyone dreams about their ‘mortgage burning’ date the day they become a homeowner. While mortgage debt will cost you the lowest interest rate among all debts, there’s a sense of freedom in being able to chip away at that principal balance and shorten the time in which it will take … Read More