Applying for a mortgage? Here is what you need to know about mortgage fraud. The mortgage interest rates are near record lows right now, making it more appealing and affordable for homeowners to apply for a mortgage loan. Yet, it is still very difficult to qualify for one due to stringent pre-approval rules. With more individuals having a hard time getting a mortgage comes a risk of being involved in mortgage fraud. Mortgage fraud is one of the most common ones. It occurs when an individual deliberately misrepresents or withholds information to obtain mortgage financing. Some of the common examples ...
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It may seem daunting at first, but qualifying for a home mortgage loan in Canada is easier than you might think. The minimum requirements list can make you lose hope long before the financial advisor even looks at your application. Thankfully, there are many changes you can make to your day-to-day life that’ll help you. The national and global economies are still trying to recover from the global pandemic. Although it created a buyer’s market for property hunters, it also means lenders are even more selective in handing out credit. That doesn’t help the average person qualify for a home ...
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