How to Get a Mortgage with Bad Credit Becoming a homeowner is a dream of many Canadians. But for those without good credit, this dream may seem like it is out of reach. 2020 in particular, has posed a number of challenges for many would-be homebuyers. With a global pandemic, and economic uncertainty – some … Continue reading How to Get a Mortgage with Bad Credit

What is the role of a Guarantor? In the real estate market, some mortgage lenders as well as banks, insist on the borrower to have a personal guarantor. They do this because it strengthens the application by having another individual who can share the mortgage loan and incase of default there would be another borrower … Continue reading What is the role of a Guarantor?

Refinancing your mortgage can be a great way to lower your interest rates and improve your overall financial status. By refinancing, you can reduce your debt or access the equity that you have built in your home to cover the costs of other investments or expenses. This can lead to substantial savings in the long-run, and … Continue reading When should you refinance your mortgage in Toronto?

Whether you are looking to purchase a house, refinance your home, or buy an investment property, a mortgage broker can help you find the right mortgage for your real estate needs. However, many people are not exactly sure what a mortgage broker is and why they need to work with one when they are buying … Continue reading What are the benefits of using a mortgage broker in Toronto?

If you are like most Canadians, then chances are you monthly mortgage payment is the largest expense that you making every month. Although, hearing this can be overwhelming, there is a way you can lower that monthly payment especially if you are finding your finances a bit tight each month. I have compiled 3 great … Continue reading Three Strategies to Help Lower Your Monthly Mortgage Payments

Whenever you are looking refinance a second mortgage, there are some criteria that you have to meet to qualify for. One of the most important criteria is that you have to have a good credit score for the lender to have faith that once the mortgage is processed you can pay back the monthly premiums … Continue reading How to refinance a second mortgage with bad credit?

Home equity line of credit also referred to as a (HELOC) has become a widely popular option to pay off mortgages in recent times in Canada.  But what is a home equity line of credit (HELOC)? Basically, it’s a type of revolving mortgage where you can borrow money against your home’s equity (equity is an … Continue reading Pay off your mortgage with a home equity line of credit in Toronto

If your credit score is less than perfect, you may think that getting a mortgage is out of the question. But did you know that a debt consolidation mortgage can actually help you improve your credit score?  Yes, it can, that’s because, with a debt consolidation mortgage, you are able to lower your overall interest … Continue reading How do you get a debt consolidation mortgage with bad credit?

If you are looking for a mortgage in Toronto, you first call should be to an expert mortgage broker, like Rumy Gill. Rumy Gill has been serving his clients in Toronto for years, helping them to obtain first mortgages, second mortgages, refinancing, home equity lines of credit and much more. His professionalism and the high … Continue reading How Rumy Gill Can Help You Get a Mortgage in Toronto?

These days, even people with good credit often struggle to get the mortgage financing they are looking for whether they are looking to become homeowners or are current homeowners looking to refinance, it’s not easy. So, if your credit is bad, you may wonder whether there is any hope of getting a mortgage at all. … Continue reading What you need to know about Bad Credit Mortgages to get approved in Toronto?