The Real Estate Blog - mortgage

Mortgages - Should we choose a Mortgage Broker or the Bank?

Posted by Greg Dewar on December 24th, 2021

Mortgages: Broker or Bank?

Applying for a new mortgage is a major financial move, and it can impact your budget for years to come. One of the most important first steps to take when applying for a home loan is to decide which mortgage broker or lender to use. There are several key differences between brokers and lenders to consider, and a closer examination of their fees and services can help you to better decide who to work with. 

What to Expect from a Broker

A mortgage broker is not affiliated with a specific bank or lender, and he or she is free to work with any lender that offers a beneficial loan program for you. This is an independent consultant who represents your best interests and who can help you to more easily and quickly locate a…

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Are You Financially Ready to Buy a House?

Posted by Greg Dewar on November 5th, 2021

Are You Financially Ready to Buy a House?

Are you a first time home buyer? If you’re starting to think about buying a home and have peeked inside an open house or two, you'll want to keep reading.

If your employment is secure and you plan on living in the same place for a while, it might be time to consider if you are financially ready to purchase a home. Here are some important financial questions everyone should ask themselves before they buy a home:

Do you have a Down Payment?

The minimum down payment to purchase a home today is 5% of the purchase price. Obviously the more you are able to put down the better, and anything over 20% of the purchase price will also help you avoid paying fees for mortgage insurance.

More money for Other…

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