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
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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
Renting vs Buying: What’s Right for You?
When it comes to real estate there are two options. You can rent (lease) a property or chose to buy and become a homeowner. Learn more
The Do’s and Dont’s of Getting a Private Mortgage Pre-Approval
At Mortgage Broker Store we will be able to provide for you the Automatic Private Mortgage Pre-Approval Tool. This tool will enable you to determine what types of loans you may qualify for which will take the questioning out of the mortgage approval process. Learn more
Can You Get Approved for a Second Mortgage to Buy Another House?
Being a homeowner fills most Ontarians with pride. Besides those few individuals that can afford to pay for their home outright, Ontario homeowners will need to approach a lender to take out a principal mortgage on their property. Learn more
Should You Borrow for Your Down Payment?
One of the most difficult aspects when it comes to applying for a secured mortgage loan is trying to save for a down payment. It is also hard to know exactly how much is the preferred amount to put down. Learn more
Qualifying for a Mortgage with Bad Credit
Many real estate professionals had anticipated the worst-case scenario when the Covid-19 pandemic hit. Predictions included large-scale numbers of mortgage arrears, notable declines in property values, and a drop in the number of home sales in Ontario and Nationally. Learn more
How to Calculate My Mortgage Payments
It can be a little confusing when contemplating the different types of secured mortgage loans that Ontario lenders can provide. It can also be a little intimidating when determining which lenders may be suitable when seeking a secured mortgage. Learn more
How to Calculate Loan-to-Value Ratio?
Lending is based on assessing risk. To mitigate risk, lenders will ensure as best they can that the money will be there to repay the loan. To best access risk, all Ontario lenders will calculate what is called the Loan-To-Value (LTV). Learn more