Mississauga Market Update
As your local Mississauga mortgage brokers, our team is always up to date on the current market trends. With an ever-changing market and the new Canadian mortgage rules, it is important to be aware of what you can afford and organise your financial records. As of January 2018, throughout all of Canada, there have been new mortgage rules. These rules mean there will be higher interest rates and a mandatory stress test for all potential homebuyers. Talk with a Mississauga mortgage broker today to know how much they are willing to lend so you know what price range to shop for.
FAQs for Non-Resident Canadian Property Sellers – Part 4
How do I sell my property if I’m a non-resident? If you’re a non-resident, in order to sell your property you’ll need to partner up with a mortgage broker who is qualified, and whom has lots of experience working with sellers from overseas. The brokers at AKAL Mortgages have years of experience and we’re the right firm for the job.
FAQs for Non-Resident Canadian Property Buyers – Part 3
In Part 2 of this series we covered frequently asked questions surrounding mortgage financing. Now we’ll dive into answering your question about the home buying process, insurance costs and requirements and legalities for your property purchase.
FAQs for Non-Resident Canadian Property Buyers – Part 2
Welcome to part 2 of our FAQ for Non-Resident Canadian Property Buyers series. In part 2, we’ll address your questions surrounding non-resident financing to assist in your buying and financing decisions.
FAQs for Non-Resident Canadian Property Buyers – Part 1
There are a number of questions that repeatedly arise for non-residential buyers in Canada. After helping a lot of non-residents throughout the Greater Toronto Area, we put together this 4-part series to help non-residents get the answers they need surrounding various non-resident property issues. In the first part we’ll address the most frequently asked question about non-resident residency.
Non-Resident Mortgage Program from AKAL Mortgages
Here at AKAL Mortgages, we have an excellent Non-Resident Mortgage Program for Canadians who’re living and working overseas, US residents, and residents who are living in countries other than Canada or the USA. Even if you don’t file a Canadian tax return, you can still qualify for this program and become a homeowner in Canada!
7 Important Questions to Ask When Applying for a Mortgage
Easily avoid any unwanted surprises when buying a home. Ask these 7 important questions when applying for a mortgage.
Looking for a Mortgage Broker? 3 Reasons to Choose AKAL Mortgages
Since you’ve come across this article, it’s likely you could be looking for a qualified mortgage team to help you secure a mortgage loan for a new property. We’re hoping with this publication, to make your decision easier by telling you what benefits it will bring you along the way, into your new home. We understand that purchasing a new property is a very large purchase, but we’re always looking for ways to give back and/or help in this process, especially around the holidays. Here are a few reasons why you should choose AKAL Mortgages to help you secure your mortgage loan product or solution.
Was Your Mortgage Renewal Denied? What Happens Now?
If your mortgage is coming up for renewal soon, and you’ve already received your renewal offer, with the new mortgage rate and term, don’t act too quickly. An impulsive decision to sign the slip and return it merely for convenience can end up costing you over the long-term and it doesn’t necessarily mean you’re approved either. There is a chance your renewal can be denied. So before you sign it, consider that it might be time to find a new lender.
Are You Ready for 2018 & The New Mortgage Rules?
Over the last couple months we’ve been talking about the new mortgage rules coming in the new year of 2018. The anticipation and its uncertainty is killing us. We want to ensure that you are fully prepared and know what to expect, thus we want to make sure that we didn’t exclude any important information in our previous blogs ‘New mortgage rules, including stress test for uninsured borrowers’ and ‘More Mortgage Rule Changes On The Way?’ to help you get prepared. As we’ve mentioned in the past, 2018 will be a time when getting a mortgage may no longer be so easy, especially for first-time buyers, as well as homeowners looking to refinance.