As mortgage brokers, we know that homebuyers often enter the mortgage process with confident expectations surrounding the rate they expect to receive, only to be disappointed when they can’t qualify for the best rates. Here are some of the more common reasons why homebuyers who expect to qualify are later refused, or aren’t able to secure the best market rates.
Applying for a mortgage as a first-time home buyer can feel like a huge complicated challenge. With this in mind, we debunk five of the most common mortgage myths that first-time home buyers often encounter.
The First-Time Home Buyer Incentive (FTHBI), introduced earlier in 2019 and officially launched on September 2nd, is still a bit of mystery to many and some of the finer points of the program can easily cause some confusion. One Link Mortgage expanded on several of these points and provided a slightly more detailed explanation in what we like to call “First-Time Homebuyer Incentive Fact or Fiction”....