What Is a Good Credit Score in Canada for a Mortgage?
All lenders will be analyzing credit reports and have to obtain an understanding of why a borrower has the credit score that he/she has. Learn more
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How to Calculate Interest on a Private Mortgage?
Although interest rates are propelling many Ontario homeowners/borrowers to take out mortgage financing, if you have poor credit the banks are not the answer. Stringent criteria prevent many with damaged credit from obtaining mortgage loans. Learn more
What are Hard Money Loans and How Do They Work?
What lending options are still open to those that can not demonstrate creditworthiness? Private lenders are well established in this Province who will be able to offer secured private mortgage financing when credit is a stumbling block to mortgage financing. Learn more
Mortgage and Purchase Process
Mortgage Broker Store has access to a wide network of Ontario-based private lenders who will be able to look to different criteria than just full-time salary-based income and exemplary credit. Learn more
What Should You Do Before Applying for a Mortgage?
There are steps that you should take to help safeguard against making misinformed mortgage decisions. These steps will put you in a position to determine the type, the amount, and the term of your mortgage as well as give you the necessary understanding of the factors that pertain to mortgage approval. Learn more
Variable or Fixed Mortgage Rates?
At Mortgage Broker Store, we are in the position to help Ontario homeowners with private mortgage loans when seeking mortgage financing with damaged credit. Learn more
Are Reverse Mortgages a Good Idea?
So, what exactly is a Reverse mortgage? A reverse mortgage represents a home loan for homeowners who are 55 and older which does not require a monthly mortgage payment. Learn more
How to Identify an Unlicensed Mortgage Company?
Although the majority of mortgage brokers in Ontario are operating legally, it is always advisable to practice due diligence when seeking mortgage advice and securing mortgage financing. Learn more
Three Types of Lenders Available in Ontario Explained
With mortgage interest rates at historically low levels coupled with soaring house prices and record-breaking house sales in Ontario, more and more Ontario homeowners are looking to take advantage of such a lucrative housing market. Learn more
Can You Be Disqualified from Obtaining a Mortgage?
In the mortgage process, it is important to understand that lenders are looking for specific conditions a borrower should meet. If unable to meet this criterion, an Ontario borrower may be turned down by the banks and big lenders. Learn more