Mortgage Blogs – Tips & Tricks.
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Stay updated with mortgage blogs & latest mortgage solutions at Mortgage Design Group Inc.
The documents you’ll need for mortgage preapproval
Applying for home financing may seem daunting, but actually, we do most of the work, and it costs you nothing. What we do need from you though are a few documents to verify your income and financial status.
When does refinancing your mortgage make sense?
Refinancing is a great way to potentially reduce your monthly household payments, complete home renovations, or get funds to purchase investments. There are many variables to consider when looking...
7 Terms to Know When Getting Your First Alberta Mortgage
Ready to buy your first home? Here are 7 basic mortgage terms you should know. A mortgage is a loan that is secured to real estate. It’s comprised of two parts: principal (the amount initially...
The 3 parts of renewing your mortgage
With our expert advise and access to many lending options, we compare the best products on the market to find a mortgage that fits your financial goals.
6 costs associated with buying a home
If you’re looking to buy your first house—or your next house—it’s a good idea to plan ahead and consider all the costs associated with buying. Your closing costs represent the things you’ll pay for...
5 Reasons to get an Alberta Mortgage Pre-Qualification
Ready to buy your dream home? In less than 5 minutes, our online mortgage pre-qualification tool will let you know how much you can expect to borrow. You can shop for your future home with peace of...
Introducing the interest-only mortgage
Relatively self-explanatory, an interest-only mortgage is one in which your entire mortgage payment goes to interest and does not pay down the principal mortgage amount at all. So at the end of your...
How Your Current Property Can Influence Your Future Mortgage Applications
Before approving you for a mortgage, a lender will typically review 4 areas of your mortgage application: Income Credit Down payment/equity The property itself So if you already own a home, and you...
Flex Down Mortgages with CMHC
Without a doubt, one of the most challenging aspects of buying a home—particularly if it’s your first home—is coming up with a down payment. Canadian real estate policies require that you put down...
Pay for Renovations with Purchase + Improvements Mortgages
Most home buyers apply for a mortgage for the price of their new home. Later, if they want to build an addition, or get new cabinets, or build an ensuite, they need to come up with a second source...
