Sandra's Mortgage Blog

An open notebook with 'True' on the top and 'False' underneath, in arrows.

Mortgage Myth-Busting: Separating Fact from Fiction

When it comes to mortgages, misinformation can be abundant, leading potential homebuyers astray. In this piece, we’ll set the record straight on some common mortgage myths, providing you with the accurate information you need to navigate the homebuying process with confidence and ease. Myth 1: A 20% Down Payment is

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Debt-to-Income Ratio

Understanding Debt-to-Income Ratio: How It Affects Your Mortgage Approval

In the Canadian mortgage scene, the Debt-to-Income Ratio emerges as a vital gauge of one’s borrowing potential. This ratio is not only central to mortgage approvals but also has nuances that, when understood, can shape the trajectory of your homeownership aspirations. Mortgage specialists often turn to two primary metrics, Gross

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Credit Score

Credit Scores: What They Mean and How To Manage Them

Navigating the financial landscape of Canada requires an understanding of numerous metrics and indicators. Of these, few hold as much sway over personal financial health as credit score. This three-digit number not only offers insights into one’s past financial behaviours but also impacts future financial opportunities. It has the potential

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Mortgage Check-ups

The Importance of Having Regular Mortgage Check-ups

Like the importance of annual medical check-ups, the health of your financial status, especially in regard to your mortgage, mustn’t be overlooked. For Canadians, staying on top of their mortgage plans can be a significant factor in maintaining financial health. This is particularly important due to the dynamic nature of

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Mortgage Pre-approval

Understanding the Mortgage Pre-Approval Process

Buying a home is an exciting milestone in anyone’s life. However, understanding the financial intricacies of mortgages can be overwhelming. One of the critical first steps to homeownership in Canada is getting a mortgage pre-approval. The procedure for obtaining a mortgage preapproval may vary, often segmented into several steps. In

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