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.

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Busted! Don’t Believe These Mortgage Myths!
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How This New Mortgage Rule Could Affect You
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.
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A Resource Guide To Mortgages
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.
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A Pre-Approval Does Not Guarantee a Mortgage Approval
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/
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A Beginner’s Guide To Secure A Mortgage Pre-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.
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First-Time Home Buyer Incentive 2.0 Now Available
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/
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Banks Forecast The BoC Will End QE This Year, And Hike Rates As Early As Next
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/banks-forecast-the-boc-will-end-qe-this-year-and-hike-rates-as-early-as-next/
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Making The Grade: Common Myths About Credit Scores.
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
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Real Estate Sales Growth “Exaggerated,” Market Moderating, Says Canada’s Largest Bank
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/real-estate-sales-growth-exaggerated-market-moderating-says-canadas-largest-bank/
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How much you need for a down payment
Original Article Source Credits: Government of canada, https://www.canada.ca
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html
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Relocate or Renovate.
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
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Canadian Bank Regulator Readies To Reverse Extra Pandemic Mortgage Leverage
Original Article Source Credits: betterdwelling, https://betterdwelling.com
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-bank-regulator-readies-to-reverse-extra-pandemic-mortgage-leverage
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Borrowing against home equity
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
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The Top 7 Misconceptions About Reverse Mortgages.
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
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Canadians Now Pump More Into Residential Real Estate Than Business Development
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadians-now-pump-more-into-residential-real-estate-than-business-development/
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Choosing a mortgage that is right for you
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
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Common Mistakes People Make When Securing A Mortgage
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.
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Could Mortgage Rates Start to Rise Sooner than Expected?
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/
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Improving your credit score
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
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The Effects Of COVID-19 On Mortgage Financing Underwriting Guidelines
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.
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