Forget everything you knew about Mortgages

Forget what you thought you knew about qualifying for a mortgage. The reset button has been pressed, the game has changed, and everyone is starting with a clean slate.

The most recent government changes to mortgage qualification through CMHC has really muddied the waters in the mortgage world so to speak.  Not only is it harder to qualify for a mortgage now (you will most likely qualify for 20% less), it’s so much harder to understand how mortgages are qualified and what products are actually available to you.

Here is a short list, if you can be described by any of the following situations, we should talk!

- You currently own a home with a mortgage that will be renewing in the two years.

- You are a variable rate mortgage holder, considering locking into a fixed rateYou have been preapproved for a mortgage in the last year, but your preapproval has expired.

- You have been using on online mortgage calculator to see if you qualify for a mortgage, but haven’t spoken with a broker yet.

- You have been preapproved at your local bank or credit union

- You want to buy a house, you hear all the hype in the media, and have no idea who to turn to.