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Does a Car Payment Affect Getting a Mortgage?

Does a Car Payment Affect Getting a Mortgage?

Does a car payment affect getting a mortgage? A car payment affects your debt service ratio; This will negatively impact the amount you can get approved for! What are your options if you already have a car loan? There are options available depending on your situation....

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Consolidate Debt

Consolidate Debt

Consolidating Debt to get into the market. This video provides insightful solutions from Austin Towne from RE/MAX Lifestyles Realty and Alex McFadyen from Thrive Mortgage Co. on how to successfully enter the market while consolidating debt you may have.

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Options When Not Claiming Income

Options When Not Claiming Income

If you are self-employed or own a business, you'll want to know this information... Have you had issues with getting financing or turned down by your bank? ⁣ ⁣Do you want to get approved for more? ⁣⁣ I’ve had the same issue myself being self employed and have found a...

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Buying a Pre-sale Property

Buying a Pre-sale Property

Why a pre-sale could be a good fit for you. Don't be scared of buying a pre-sale. ⁣ A lot of people Shy away from pre-sales because they don't understand how they work or don't know how to research the builder and developer.⁣ This video will cover some basic...

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Pre Approval Vs Pre Qualification

Pre Approval Vs Pre Qualification

Pre Approval Vs Pre Qualification Austin Towne from RE/MAX Lifestyles Realty partners with Alex McFadyen, and Deryk Williamson from Thrive Mortgage Co. to discuss the difference between Pre Approval Vs Pre Qualification. Pre Approval and Pre Qualification is something...

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MORTGAGE INSURANCE

MORTGAGE INSURANCE

WHAT IS MORTGAGE DEFAULT INSURANCE? Mortgage default insurance, which is commonly referred to as CMHC insurance or just mortgage insurance, is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. Mortgage default insurance protects...

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GST TAX ON NEW HOMES

GST TAX ON NEW HOMES

If your thinking about purchasing a brand new home, (or one that is substantially renovated click here for more info on renovated homes ) You are also going to want to think about GST! What is GST? The goods and services tax (GST)  is a value added tax introduced in...

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Property Transfer Tax and Exemptions

Property Transfer Tax and Exemptions

WHAT YOU NEED TO KNOW ABOUT PROPERTY TRANSFER TAX  First off, what is property transfer tax?  Property transfer tax (PTT) was introduced in 1987, when the average price of a Vancouver home was about $150,000, in order to tax speculation on high-end properties. It is...

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The CMHC First-Time Homebuyer Incentive

The CMHC First-Time Homebuyer Incentive

What is The CMHC First-Time Homebuyer Incentive? It is a $1.25 billion fund administered by the Canadian Mortgage and Housing Corporation (CMHC) over three years will provide 5% of the cost of an existing home and 10% of the price of a new home through what amounts...

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