A mortgage pre-approval tells you how much of a loan a lender might be willing to give you based on your credit history, income, and financial documents. During a mortgage pre-approval credit check, lenders review your credit, which may appear on your mortgage credit…
In Canada, buying a house is one of the most expensive things you’ll ever do, and your mortgage rate determines your budget. Canada currently has two mortgage rates. For 5 years, the fixed rate is 4.69% and the variable rate is 4.42%. Big lenders like RBC offer fixed…
Getting ready to buy your first home is an exciting time. It’s a big step toward independence, stability, and more money. But all that fun comes with a lot of questions, especially when it comes to mortgages. A lot of false or out-of-date information is out there, and…