by Geoff | Aug 4, 2015 | First Time Home Buyers, Getting a Mortgage, Mortgage Broker
A guarantor or co-signer is a person who agrees to repay a loan for another person if that person goes into default. Having a guarantor loan may be the only way for someone with bad credit, low income, not enough down payment, or questionable employment history to get...
by Geoff | Jul 28, 2015 | Finances, First Time Home Buyers, Getting a Mortgage, GLMG Services
What is loan to Value? Lending money is a risky business, and lenders today look very closely at a person’s financial health before granting a loan. Lenders’ greatest concern is the loan going into default and losing their investment. To help avoid this, they look at...
by Geoff | Jul 17, 2015 | Getting a Mortgage
Subject-Free Isn’t Always Hassle-Free Here is an interesting article about the growing trend in subject free offers. A well thought out offer is much more secure than an offer that is impulse driven. Make sure you know what you are buying! And give me a call to make...
by Geoff | Jul 7, 2015 | Getting a Mortgage
Question #1: What’s the best rate you can get me? Remember, if you shop for your own mortgage, you can not easily compare rates and terms of the various banks. The advantage of a mortgage broker is he/she will do a rate comparison and show you what you qualify for. A...
by Geoff | Jul 2, 2015 | Getting a Mortgage
The most important step in determining the best mortgage for your situation is to have a personal budget in place. Begin by having a complete understanding of your expenses. And, keep in mind, buying a home comes with several associated costs, including a down...
by Geoff | Jun 30, 2015 | Getting a Mortgage
Mistake #1: Thinking banks are the first and best place to go for a mortgage. Mortgage brokers can often beat bank rates by using different lending institutions. The biggest and most common misconception is you must go to a bank to get a mortgage. But, if you...
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