Mortgage | Harpreet Sandhu

What Do You Need to Be Preapproved for a Mortgage?

by Harpreet Sandhu | Jun 19, 2020 | Blog, Economy, Homeownership, Mortgage

Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...

Have an Insured Mortgage? How Could CMHC Changes Affect You?

by Harpreet Sandhu | Jun 5, 2020 | Announcements, Blog, CMHC, Economy, Homeownership, Mortgage

The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...

Why’s Your Debt-to-Income Ratio Important?

by Harpreet Sandhu | May 15, 2020 | Blog, Economy, Finance, Mortgage

A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...

What’s a Mortgage Payment Deferral?

by Harpreet Sandhu | Apr 3, 2020 | Blog, Economy, Guest Post, Mortgage

It’s a harsh reality that COVID-19 has left many people facing significant financial hardship. In an effort to alleviate some of this burden, the government is working at all levels to provide relief measures to assist those who are most vulnerable. Many Canadians...

If Your Mortgage Rate is 3% or Higher, Consider a Review

by Harpreet Sandhu | Mar 20, 2020 | Blog, Economy, Finance, Homeownership, Mortgage

Concern surrounding coronavirus – COVID-19 – has led to a crash in oil prices and economic uncertainty surrounding capital markets, which has resulted in most Canadian banks significantly reducing both fixed- and variable-rate mortgage rates. Around the world and...

Have You Considered a Home Equity Line of Credit?

by Harpreet Sandhu | Feb 7, 2020 | Blog, Economy, Homeownership, Mortgage

There’s no doubt that your home is an extremely valuable investment – not only because of what it offers in terms of a place for you and your family to live, grow and prosper, but also thanks to the flexibility it provides for tapping into your ever-growing equity. ...