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First-Time Home Buyer Incentive

Sunlite Mortgage June 19, 2019 Mortgage Refinance     0     0

First-Time Home Buyer IncentiveThe First-Time Home Buyer Incentive (the Incentive) helps qualified first-time homebuyers reduce their monthly mortgage carrying costs without adding to their financial burdens.You need to have the minimum down payment to be eligible. You can then apply...

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Step By Step Guide To Getting A Mortgage Approval

Sunlite Mortgage May 22, 2019 Home Buyers     0     0

Step By Step Guide To Getting A Mortgage Approval Regardless of your financial situation, every one envisions the home of their dreams. The mortgage process might seem quite daunting. If you are a first time home buyer or trying to...

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Mortgage Pre-Qualification Letter

Sunlite Mortgage May 8, 2019 Mortgage Refinance     0     0

Shopping for a home is can be an exciting event, but it can also be unpleasant. The first stop in the home buying process is talking to your mortgage broker. As a potential buyer, your real estate agent will take...

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Compare Canadian Mortgage Rates

Sunlite Mortgage May 1, 2019 Mortgage Refinance     0     0

Compare Mortgage Rates - Best Mortgage Rates In Canada At Sunlite Mortgage our mortgage rates are very competitive and subject to change without notice. We are constantly comparing our rates with that of the banks and try to source rates...

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All You Need To Know About Mortgage Fraud

Sunlite Mortgage April 30, 2019 Mortgage Refinance     0     0

All You Need To Know About Mortgage Fraud Mortgage Fraud is the act of misrepresenting or omitting material information on a mortgage application to get a larger mortgage loan. Equifax indicates that there is a rise in high-risk and suspected...

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Lowest Mortgage in Canada

Sunlite Mortgage April 28, 2019 Mortgage Refinance     0     0

Compare Mortgage Rates - Best Mortgage Rates In Canada At Sunlite Mortgage our mortgage rates are very competitive and subject to change without notice. We are constantly comparing our rates with that of the banks and try to source rates...

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5-years fixed rate mortgages start at 2.89%

Sunlite Mortgage April 9, 2019 Mortgage Refinance     0     0

Best Mortgage Rates - 5 Year Fixed 2.89% Sunlite Mortgage brokers offer some of the best mortgage rates in the GTA. Our 5 Year Fixed Rate mortgage is 2.89%.We have low rates for our HELOC and Home Equity Loan as...

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5 Ways To Improve Your Credit

Sunlite Mortgage April 2, 2019 Mortgage Refinance     0     0

Improving Your Credit Bureau Score Improving your credit score takes time. Credit scores range from 300 to 900. A high credit score indicates a low delinquency risk to a creditor, while a low credit score indicates a higher chance...

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Mortgage Rate Drop Lowers Mortgage Payments

Sunlite Mortgage April 1, 2019 Mortgage Refinance     0     0

Mortgage Rate Drop Lowers Mortgage Payments. 5-year fixed mortgage rates from the various Canadian mortgage lenders has fallen from a high of 3.89% to 2.89% and is attributed to a huge drop in bond rates in recent weeks. The variable...

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Fixed mortgage rates are falling

Sunlite Mortgage April 29, 2019 Mortgage Refinance     0     0

Fixed Mortgage Rates Are Falling Renegotiate mortgage renewal or consolidate debt For the past couple of weeks fixed mortgage rates has been on the decline. That should be welcome news to thousands of homeowners who are looking to save...

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Collateral Charge Mortgage:Advantages and Disadvantages

Sunlite Mortgage March 22, 2019 Mortgage Refinance     0     0

What the banks don't want you to know about collateral charge mortgage Collateral Mortgage is the mortgage of choice that banks offer to Canadians. Most collateral charge mortgage has at least two components - A HELOC and a fixed rate...

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Will the 2019 Federal Budget affect Millennials?

Sunlite Mortgage March 20, 2019 Mortgage Refinance     0     0

How the 2019 federal budget will affect Millennials In the 2019 Federal Budget, the Canadian government announced changes to make home ownership easier for millennials. The interest rate charged on Student Loans and the Canadian Apprentice loan was reduce from...

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Mortgage Fraud – Mortgage Lenders Solution

Sunlite Mortgage February 1, 2019 Mortgage Refinance     0     0

If you are familiar with interac money email transfer , you will be ready to send your bank statements to your mortgage lender when you apply for a mortgage. Due to the increasing incidence of mortgage fraud, some mortgage lenders...

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Savings on variable rate mortgage

Sunlite Mortgage February 1, 2019 Mortgage Refinance     0     0

If you have a variable rate mortgage, you would have had about three increases in your mortgage payment over the last year. You may be wondering if now is the best time would be to switch your mortgage to a...

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Tips on renewing or transferring your mortgage

Sunlite Mortgage November 7, 2018 Mortgage Refinance     0     0

If you're renewing your mortgage or switching your mortgage lender, I have great news! I have some money-saving updates to Canada’s mortgage rules that could save you some money when comparing mortgages. For starters, here’s what changed to a mortgage...

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Getting a Construction Mortgage Loan

Sunlite Mortgage October 30, 2018 Mortgage Refinance     0     0

Whether you’re in the process of buying and/or building a new home, getting a construction mortgage loan is one of the best things that you can do in order to make the home of your dreams a reality. What is a Construction...

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Tips For Refinancing Your Mortgage During A Consumer Proposal

Sunlite Mortgage October 26, 2018 Mortgage Refinance     0     0

If you must file a consumer proposal it means that you are insolvent. To be insolvent, you can either be an individual or company, who isn’t bankrupt. You can also owe property and/or debt in Canada of at least one...

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Bank of Canada increases variable mortgage interest rate

Sunlite Mortgage October 24, 2018 Mortgage Refinance     0     0

For the fifth time since the middle of 2017, the Bank of Canada has increased interest rates to 1.75%. Fixed rate mortgages aren't usually affected by these increases. If you have a variable rate mortgage or an adjustable rate mortgage...

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Top 8 Reasons to Use a Mortgage Broker for Mortgage Processing

Sunlite Mortgage May 1, 2018 Mortgage Refinance     0     0

Whether you're looking to buy a new home or figure out the mortgage processing, here are 8 reasons as to why more and more home buyers in the GTA are using a mortgage agent or mortgage broker to buy a...

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Getting a Mortgage with the New Mortgage Regulations

Sunlite Mortgage February 22, 2018 Mortgage Refinance     0     0

Refinancing your mortgage and converting higher-rate debt like credit cards, consumer loans and unsecured lines of credit into a mortgage, which typically has a very low rate makes a lot of sense. Some homeowners may have a first mortgage at...

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Can You get a mortgage while you are in a consumer proposal?

Sunlite Mortgage January 14, 2018 Mortgage Refinance     0     0

Update: 10/02/2018 Getting a mortgage after a consumer proposal is possible. In most cases, because you will not qualify for the best rate. But there are options. This could range from a lower loan to value to a second mortgage....

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5 EASY Steps to Renew Your Mortgage

Sunlite Mortgage August 29, 2017 Mortgage Refinance     0     0

If you have a mortgage, chances are you’ll be doing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time, and a lot of effort, in shopping for an initial mortgage; the same...

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Spousal Buyout

Sunlite Mortgage August 28, 2017 Mortgage Refinance     0     0

What is a Spousal Buyout? If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout...

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Everything You Need To Know About Reverse Mortgages

Sunlite Mortgage August 21, 2017 Mortgage Refinance     0     0

Wouldn’t it be nice to have money to do the things you love? Wouldn't it be great to enjoy your Golden years with the freedom to pursue things you truly love like staying in your home for as long as...

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5 FINANCIAL MISTAKES HOMEOWNERS MAKE WITH THEIR MORTGAGE

Sunlite Mortgage August 21, 2017 Mortgage Refinance     0     0

If the title of this blog seems intimidating to you, well, then don't panic. Anyone can make a mistake when it comes to financing your mortgage. That's why we created this list of 5 Financial Mistakes Homeowners Make With Their...

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How Credit Report Affects Your Loan Approval

Sunlite Mortgage July 28, 2017 Mortgage Refinance     0     0

When applying for a loan, your credit risk is assessed by lenders based on a number of factors. The overall information on your credit report, along with your credit score, are important factors in determining what rate you will pay...

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Governments “hypocritical” over household debt says Fraser Institute

Sunlite Mortgage July 19, 2017 Mortgage Refinance     0     0

The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says. While household debt has risen to $2 trillion, far above the $357 billion of 1990; household net worth has...

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Suite of housing measures cooling market largely as expected: Morneau

Sunlite Mortgage July 19, 2017 Mortgage Refinance     0     0

The federal finance minister says steps taken to tame Canada's hottest housing markets have already helped slow down a sector he believes was moving at an unsustainable clip. Bill Morneau's comments Tuesday follow this week's release of data showing Canada's...

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Preventing Mortgage Fraud

Sunlite Mortgage February 27, 2017 Mortgage Refinance     0     0

Mortgage Lenders are getting vigilant in their evaluation of documents that are used to secure a mortgage. With an increase in concern regarding mortgage fraud, lending institutions are paying more attention to certain mortgage applications. They find that applications that...

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New mortgage reforms targets Foreign Buyers, Mortgage Debt

Sunlite Mortgage February 22, 2017 Mortgage Refinance     0     0

On Monday, October 3rd, 2016 Ottawa announced new mortgage rules to curb risks in the housing market, unveiling new measures to crack down on speculation by foreign investors and make it harder for homeowners to acquire mortgage debt. Finance Minister...

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Sunlite Mortgage Insurance

Sunlite Mortgage February 22, 2017 Mortgage Refinance     0     0

Insurance by definition means protection from a financial loss like a parent or a homeowner wanting to buy or create a fund that would protect his family or loved ones in the event of premature death or disability. For most...

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Canada Shows Unexpected Strength with Job Surge and Trade Surplus

Sunlite Mortgage February 22, 2017 Mortgage Refinance     0     0

December's jobs report was unambiguously strong showing employment gains of 53,700 (0.3%), the result of gains in full-time work. Finally, for the first time this year, full-time jobs outpaced part-time. The unemployment rate increased 0.1 percentage points to 6.9% as...

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Ways to Help Improve Your Financial Health

Sunlite Mortgage February 24, 2017 Mortgage Refinance     0     0

Whether you're a new home buyer or an existing home buyer looking to brush up on a few skills, here are eight ways to help improve your financial healt="mortgage house"h. 1. Do you feel bogged down by little payments? Consider refinancing...

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