Taking your first steps towards a mortgage and getting a foot on the property ladder can be an exhilarating time. But it’s also important to ensure that you’re armed with the right information before you start your journey to homeownership. Splitting fact from fiction isn’t all that easy, especially when some of the mortgage myths out there have been doing the rounds for many years. To make sure you’re dealing in truths, Christopher D’Sena Mortgages has written down a few common mortgage myths that are out there. Read on to hear the reality behind a handful of the incorrect mortgage-related misconceptions we hear most often.

People often want to make a big splash in the real estate market, thereby taking on a hefty payment obligation, which may or may not be manageable in the long run.

As mortgage professionals, it’s essential for us to keep up to date with new trends and follow the latest industry news while staying connected to our peers.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Ross Taylor

Original Article Posted on:  April 27, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/04/a-pre-approval-does-not-guarantee-a-mortgage-approval/

If you have aspirations to purchase a spacious new home with a beautiful garden and modern amenities, you’ll need a mortgage to support these dreams. However, to attain one from a lender, it’s vital to first complete a pre-approval, which is a process unfamiliar to most home seekers.

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  May 3, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/05/first-time-home-buyer-incentive-2-0-now-available/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  MAY 6, 2021

Link to Original Article:  https://betterdwelling.com/banks-forecast-the-boc-will-end-qe-this-year-and-hike-rates-as-early-as-next/

Original Article Source Credits:   Dominion Lending Centres , https://dominionlending.ca/

Article Written By:  DLC Marketing Team

Original Article Posted on:  April 27, 2021

Link to Original Article:  https://dominionlending.ca/mortgage-tips/making-the-grade-common-myths-about-credit-scores

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  MAY 8, 2021

Link to Original Article:  https://betterdwelling.com/real-estate-sales-growth-exaggerated-market-moderating-says-canadas-largest-bank/

Original Article Source Credits: Government of canada, https://www.canada.ca

Article Written By: NA

Original Article Posted on: 2020-09-16

Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html

Original Article Source Credits: OUR HOUSE, https://dominionlending.ca

Article Written By: DLC Marketing Team

Original Article Posted on: April 6, 2021

Link to Original Article: https://dominionlending.ca/life-style/relocate-or-renovate

Original Article Source Credits: betterdwelling, https://betterdwelling.com

Article Written By: NA

Original Article Posted on: APRIL 8, 2021

Link to Original Article: https://betterdwelling.com/canadian-bank-regulator-readies-to-reverse-extra-pandemic-mortgage-leverage

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-17

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/borrow-home-equity.html#toc3

Original Article Source Credits:   Dominion Lending Centres , https://dominionlending.ca/

Article Written By: NA  

Original Article Posted on:  January 26, 2021

Link to Original Article:  https://dominionlending.ca/mortgage-tips/the-top-7-misconceptions-about-reverse-mortgages

Original Article Source Credits:  Better Dwelling , https://betterdwelling.com/ 

Article Written By:  Daniel Wong

Original Article Posted on:  MARCH 4, 2021

Link to Original Article:  https://betterdwelling.com/canadians-now-pump-more-into-residential-real-estate-than-business-development/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2021-01-22

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html

Before shopping for a mortgage, it is important for people to first understand the process of obtaining a mortgage. Unfortunately, given the complex nature of mortgages and the changing lender rules, a layperson may find it difficult to fully comprehend and follow the process. 

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  February 2, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/02/could-mortgage-rates-start-to-rise-sooner-than-expected/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-05-13

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/improve-credit-score.html

With businesses and companies struggling to get through the pandemic, especially as business is slow with the lockdowns and with a lot fewer people coming out of their houses, the future does not look great. It seems that the next six months will make it difficult for clients to secure mortgage financing options based on the current effects of COVID-19 on the personal and financial health of Canadians. More importantly, their primary sources of income and employment are not predictable, which could be an issue in itself.