Blog
Should you give your Child a Boost to Home Ownership?
Posted by Brad Speniel | May 22, 2015 at 1:05 am
ESTIMATED READING TIME: 3 minutes
With the financial demands of school loans, living expenses, and finding a career path, many young people struggle to
purchase their first home. Often, parents and grandparents are very sympathetic. They’ve enjoyed the financial benefits of long-term home ownership themselves, and see how hard it is today to make that important first step into the real estate market. So should you give them a boost?
What Lenders are Looking For: The Five C’s of Credit
Posted by Brad Speniel | May 21, 2015 at 12:32 pm
ESTIMATED READING TIME: 3 minutes
Whether you are buying your first home or have been a home owner for years, when you are looking at purchasing a property, finding the best mortgage solution for your specific situation can be an intimidating experience. Working with a mortgage broker will ease much of the tension – you can rest assured you will receive the best representation by working with someone with years of experience and access to many lenders. However, knowing the basics behind what lenders are looking for will help you better understand the process and be more comfortable as your broker goes to work for you.
What Lenders are Looking For: Busting Credit Score Myths
Posted by Brad Speniel | May 21, 2015 at 12:10 pm
ESTIMATED READING TIME: 2 minutes
Your three-digit credit score is surrounded by a lot of misconceptions and misunderstanding. However, if you are trying to secure your financing with a mortgage lender it is important to know what they are looking for, even if you are working with a mortgage broker. And so, we are busting credit score myths to help you better understand those three digits.
What is a Credit Score?
To begin with, your credit score is a prediction that is based on the statistics of your credit risk at a specific point in time. The lower your score, the riskier you appear to a lender.
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