Updated from our Mortgage and Financing Archives. Originally posted in March 2009 Pre-qualification is the starting point in your search for mortgage financing. A quick snapshot is taken which includes income, existing debt, savings, length of employment, etc. All of these factors will then be analyzed to determine your loan eligibility. Pre-approval is written documentation that shows you … [Read more...]
The difference between pre-qualification and pre-approval?
Filed Under: Buying Real Estate, First Time Buyer, Mortgage & Financing Tagged With: Danuta, financing, Mortgage Specialist
Buying with zero cash down. Is it really possible?
The first time you see the ad Scotia Bank 100% Mortgage Program, you may ask yourself...What's the catch? Perhaps Scotia Bank still requires the 20% down, but gives you the option of a line of credit? OR...they really offer to finance you 100% BUT with rates a lot higher than the regular mortgages? Something to ponder about. The real answer is none of the above and it was confirmed this … [Read more...]
Filed Under: Buying Real Estate, First Time Buyer, Mortgage & Financing, Popular Tagged With: Credit History, Finance, Mortgage Program, Mortgage Specialist, Scotia Bank, Zero Cash

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