I wanted to take a moment and share some information with you about a product that is becoming increasing popular with the aging demographic in Canada: the CHIP Reverse Mortgage.
As a mortgage professional, I understand that purchasing a house for the first time can be quite daunting. Buying a home can be a stressful task, but you can quickly and efficiently handle your mortgage approval and legal requirements with a little preparation.
When buying a house, it is often believed that paying for the property is the only expense the buyer has to bear. However, that’s far from the truth. To complete the purchase of a property, there are several other costs that you need to shoulder, like legal fees, transfer tax, and closing costs. In addition to this, homeownership entails other expenses like renovations, repairs, maintenance, etc.
With our industry leading software, you can find out how much you would qualify for on your next home, within 60 seconds! Just answer the questions, and you will generate a pre-qualification certificate to let you know where you stand on your next home purchase. Additionally, when your ready to lock in a rate you can easily move on to the next step of completing your application online through the app or reach out to your mortgage also inside the app.
Establishing a good credit score plays a vital role when it comes to qualifying for a mortgage. It is an important piece of your financial image and you need to fully understand how it works. However, the spread of misinformation about credit has concocted myths that could influence you to use your credit inappropriately and ultimately affect your credit score. Moreover, believing these misconceptions could lead you away from creating a healthy credit habit. To help you steer clear of these misconceptions, Cody Rowe - Mortgage Specialist, has debunked three of the most widely believed myths about credit.
A reverse mortgage is one of the most common retirement tools, and it allows you to use tax-free cash if you have to cover-up any unexpected expenses. Known as the safest egg nest for a retiree, you can also put it out for home repairs, bills, and travels. However, several reverse mortgage myths have been floating around, creating a sea of confusion about home equity among most retired homeowners. Believing these misconceptions could dissuade you from accessing this product as financial support. To help you understand and steer clear of some misconceptions surrounding this mortgage solution, Cody Rowe - Mortgage Specialist, has debunked some of the most widely believed myths about reverse mortgages.