Contact Us Table of Contents Navigating the Mortgage Maze A Comprehensive Guide to TD Bank’s Home Loan Options Welcome to the world of home financing, where the journey to your dream home begins with choosing the right mortgage. TD Bank, a stalwart in the financial landscape, offers a plethora of mortgage options designed to cater to a diverse clientele. Whether you’re...
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Contact Us Table of Contents Draw & Construction Mortgage Guide What is a draw mortgage? A draw mortgage, also known as a construction mortgage is a mortgage type used to finance the construction of a property. It allows for a home builder to draw on funds as needed to complete the build. Normally in a draw mortgage, a builder will need...
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Contact Us Table of Contents What is Bridge loan financing? Who Needs a bridge loan? What is bridge financing? A bridge loan is a sum of money lent by a bank to cover an interval between two transactions. Typically the buying of one house when selling another. In simple terms Bridge loans are used when you have a firm sale on...
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Contact Us Table of Contents How to get a lower mortgage interest rate? Step 1 Contact a high volume mortgage broker, not a bank. Reason for contacting a broker is that we pull your credit only once and then shop around for rates for you. The high volume mortgage brokers get discount from the banks on rates. I am a high...
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Contact Us Table of Contents Mortgage Types and Terms You Need To Know What Kind Of Mortgage Should I Get? Most Common Types Of Mortgages Fixed Rates For Buyers that want security or want to lock into an extremely low rate. Normally people lock into a 5 year fixed term as the banks are most competitive in the 5 year term....
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Contact Us Table of Contents Should I Cosign A Loan? What Can Go Wrong? Who Can Cosign On A Mortgage Loan? Anyone can cosign for another person. It does make you fully responsible for the loan. When you cosign for a mortgage, the mortgage loan is registered on your credit bureau and the other owners credit bureau A person should only...
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Table of Contents Step By Step Guide Of Buying A Home Step By Step Instructions On How To Buy A Home Early Stage 1 At this stage you are shopping around on Realtor.com, realtor.ca, Zillow or one of the other multiple listing services. You do not have a realtor yet and are not yet serious. Early Stage 2 You see something...
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Table of Contents Filipino Mortgage Tips Tips & Tricks For Filipinos Trying To Get A Mortgage What is a Paluwagan? A Paluwagan is a money saving system groups of people (usually Filipinos) use to save money for down payment on houses or vehicles. How Does A Paluwagan Work? Multiple people contribute a set amount of money into an account every month,...
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Understanding the First Time Home Buyers Incentive The First Time Home Buyers Incentive, an initiative under Canada’s National Housing Strategy, is a crucial program aimed at easing the financial burden for first-time homebuyers. With skyrocketing housing prices across major cities like Toronto, Vancouver, and Victoria, many aspiring homeowners find it increasingly challenging to gather sufficient funds for a down payment. This...
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Table of Contents How To Get A Mortgage? What Are The Banks Looking For? Owning a home is a dream for many, but navigating the mortgage approval process can be daunting. Banks play a critical role in determining whether you qualify for a mortgage and at what terms. Understanding what banks look for when you apply for a mortgage can greatly...
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