03 Dec 2024
By Aadil Nathoo

Steps to Prepare for Future Home Financing and Year-End Financial Checklist

Home Buyer Tips, ,
As the year draws to a close, it’s the perfect time to take a step back and review your financial health, especially if you plan to purchase a home next year. Whether you’re a first-time buyer or looking to upgrade, proper preparation can make all the difference when securing a mortgage with favorable terms. Here's a comprehensive checklist to ensure you’re financially ready for home financing in the year ahead. 1. Review Your Credit Score Your credit score is one of the most important factors lenders will consider when deciding whether to approve your mortgage application and what interest rate…
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16 Oct 2024
By Aadil Nathoo

Understanding the Financial Power of Mortgage Points

Home Mortgage, ,
In the world of home financing, mortgage points are a powerful yet often misunderstood tool that can significantly impact your long-term financial outlook. Whether you're purchasing a home or refinancing, understanding how these points work can help you make more informed decisions that align with your financial goals. What Are Mortgage Points? Mortgage points, also known as discount points, are a way for borrowers to reduce the interest rate on their loan by making an upfront payment. Each point typically costs 1% of the total loan amount and can reduce your interest rate by around 0.25%. The idea is simple:…
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08 Mar 2023
By Aadil Nathoo

Manage These 3 Items Before Applying For A Mortgage

Mortgage, ,
Mortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrrower. And due to the amount of money being requested and lent to purchase homes, those requirements can become daunting.  Working with a trusted and qualified mortgage professional makes this sometimes confusing process a little clearer. To this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process. Manage Debt And Credit Levels For many homebuyers, managing their credit score is the biggest challenge. Mortgage lenders like buyers with strong credit.…
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03 Feb 2022
By Aadil Nathoo

Three Tips To Get The Best Financing On Your Second Home Purchase

Home Buyer Tips, ,
Are you buying a property as your second home? Perhaps you are looking for a small cottage or apartment where you can escape to for your vacations, or maybe you want to have another home closer to your relatives? Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can present a challenge. Generally, a mortgage lender will have tougher standards for vacation home -- or second home -- loans…
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