Need a Co-Signer or a Guarantor? Know the Difference!
As Toronto mortgage brokers, it’s something we see quite often. A person wants to apply for a mortgage, but they know they won’t qualify on their own (or they just found out that they won’t.) Panic-stricken, they start reaching for any option available. Can they get a co-signer? A guarantor? Who can they ask? Whoa, hold on a second! A co-signer and a guarantor are two very different things, and it’s important that you understand them both. So that when the time comes to ask, you’ll know what you’re asking of the person.
Read moreWhy do I Need to Pre-Qualify for a Mortgage
If you’ve already been out searching for your next dream home, you might find that a lot of sellers require potential buyers to pre-qualify for a mortgage. For many buyers, there’s little that will strike more fear in their hearts. What is pre-qualifying for a mortgage? Is that a complicated process, and will it drag out the process of you getting that dream home? And most of all, why do you need to pre-qualify in the first place?
Read moreHow to Pay Off Your Student Loan
As Toronto mortgage brokers, there is one thing we see all the time that either stops people from getting a mortgage, or at least makes them a little wary of doing so – student loan debt. Today, more than half of college and university graduates leave school with this kind of debt hanging over their heads, thinking that they’ll soon get a career, pay it off, and move on with their life. Why then, are so many people still stuck with that debt 5, 10, even 15 years after they’ve finished school?
Read moreCompetition of Toronto Mortgage Brokers in Vaughn, Mississauga and Markham
Competition is heated amongst mortgage brokers in the GTA. Finding a Toronto mortgage brokerage with experienced mortgage brokers in Vaughn, Mississauga, Markham and other GTA hotspots is key for purchasers to get the most favourable mortgage terms available.
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