First Time Home Buyers

Alberta Mortgage Is Featured On CBC News

Recently, Alberta Mortgage broker, Krishna Gupta, was interviewed by CBC News. With the new mortgage rules, first-time home buyers and single-income earners will have to change their expectations when it comes to purchasing a home. The rule will test a buyer’s ability to afford mortgage payments if mortgage rates increased by two percent. Read the…

Mortgage Tips

More Clarification Regarding the Changes to Mortgage Qualification

On October 17th mortgage qualification changed, and as per recent developments, November 30th will see another change come into effect On October 2nd, 2016 the Federal Government announced that there would be changes to mortgage qualification, and that those changes would be implemented as of October 17th, 2016. Those changes primarily revolved around the concept of trying to…

Step by Step: how to get a mortgage if you are a new immigrant

Home ownership is a dream nearly all Canadian’s share The purpose of this article is to provide a recent immigrant and new Canadians with a step by step guide for mortgage qualification. How to qualify for a mortgage as a new immigrant Just as we’ve discussed before, there are three basic criteria for mortgage qualification: credit…