Does a Large Down Payment Offset Bad Credit?
By CMSadminNew
Having bad credit can make getting a mortgage more difficult – particularly with more traditional lenders such as banks and credit unions. One strategy to help you offset having bad credit is to save up a larger down payment. Having ...
How Major Events Impacted Mortgages in 2018?
By CMSadminNew
To say that the mortgage industry experienced some excitement in 2018 is an understatement. Everything from new borrowing regulations to trade tensions and immigration left their mark on the Ontario housing market, and by extension mortgages. Let’s examine some of ...
How Does a Home Improvement Mortgage Work?
By CMSadminNew
For most people, purchasing a home will be the biggest single investment that they ever make. But what if the homes that you are considering are in need of some renovation? If you have to pay out of pocket for ...
Private Lenders Step In For Self Employed Borrowers
By CMSadminNew
At Matrix Mortgage Global, we see a lot of self-employed borrowers in the same set of circumstances. Any savvy business owner/operator will want to write off as much of their business expenses as possible, therefore presenting a less-than-representative annual income ...
Do You Need Good Credit to Get a Reverse Mortgage?
By CMSadminNew
If you are a Canadian aged 55 or older and own your own home, then one of the ways that you can access equity from your home is through a reverse mortgage. A reverse mortgage is when you borrow against ...
How Does a Reverse Mortgage Get Paid Back?
By CMSadminNew
In the right circumstances, a reverse mortgage can be a good option for Canadian seniors who are looking to supplement their income or who need a large lump sum of cash for an unexpected emergency such as a medical expense. ...
Can I Get a Home Loan While Going Through a Divorce?
By CMSadminNew
If you are going through a divorce, getting a home loan can be tricky. Lenders will want to know your financial situation before they will be willing to agree to mortgage terms, and in many cases those still in the ...
UNCOVERED: CMHC’s New Home Buyer Incentive
By CMSadminNew
UNCOVERED: CMHC's New Home Buyer Incentive Matrix Mortgage Global is Canada's #1 Fastest-Growing Mortgage Brokerage Entering the real estate market amidst rising prices and stricter lending guidelines has become more difficult than ever. In an effort to ease the stress ...
5 Reasons To Become a Mortgage Agent
By CMSadminNew
5 Reasons To Become A Mortgage Agent 1) Housing market demands do not dictate mortgage business success – 30% of Ontario residents have mortgages, and they renew every 1-3 years. 2) Learn to build wealth through real estate: help yourself and your whole network ...
How is Equity Divided into a Home When Divorcing?
By CMSadminNew
Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to ...