When Qualifying for a Mortgage or Renewal is Just Out of Reach With stress tests and current home prices still out of reach, many Canadians are looking at co-signing in order to buy or re-finance their home. While this might not even be an option for some, for others...
January Mortgage Forecast - 2018 was Stressful, but 2019 will be Hopeful Let’s just say it... last year sucked for those most vulnerable trying to get ahead in the home ownership game. Thanks to the newly introduced “stress test” and rising rates, both fixed and...
HELOC Home Equity Line of Credit The big banks have slowly and quietly introduced new regulations that could affect some 3.1 million Canadians with home equity line of credits. So what changes are we talking about here and how can it impact you? Well, for those...
By retirement, often the largest asset our clients own is their home and that often plays into their retirement strategy. Early in our relationship, we ask specific questions surrounding retirement and work with our clients to ensure we understand their short and...
You have a savings account, have contributed to RESPs for your child’s education and have life insurance. Sometimes all the planning in the world can’t account for those unexpected major life costs. Let’s look at the pros and cons of using equity in your home can help...
The mortgage process can be stressful… ask anybody who’s gone through it once, twice or twelve times. It never gets easier, and now with the new financial rules and regulations in place, it seems to be even more daunting for people. Let’s change that! As a mortgage...
Satisfying the terms of your mortgage approval can be a daunting task and often stressful. Our team at HW Advantage provides you with the guidance you need to ensure you have everything in order to close without delay (as much as possible). That is the advantage of...
Self Employed Mortgage: The Ins and Outs While self-employed professionals often have a harder time qualifying for a mortgage, it’s not impossible. Any person qualifying for a mortgage will have their application vetted based on the same 3 main principals. Income,...
Shopping for a mortgage: Whether you are buying a new home, refinancing, or renewing; spending the time and energy to obtain the best mortgage suited to your needs is extremely important. Banks often give the illusion that all you have to do is “get the best rate and...
