The 5 Biggest Influences on Your Credit Score

By: Devon Jones0 comments

Your credit score gives mortgage lenders a window into your overall financial health and helps them determine what mortgage products you qualify for, if any. Ranging from 300 to...

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Self Employed Mortgages Guide

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With nearly 20% of all income earners in Canada being self-employed (at least part-time), we often wonder why it is so difficult for this growing demographic to obtain a...

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June is Pride Month. How will you celebrate?

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June is Pride Month There might not be any large-scale events this June to mark Canada’s annual Pride Month, but we at Sunlite Mortgage support and celebrate our LGBTQ+...

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Home Appraisal Process: All You Need to Know

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What Is a Home Appraisal? A home appraisal is a professional, unbiased third-party assessment of the home’s value. If you’re buying, selling, or refinancing your home, an appraisal will...

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New Mortgage Stress Test: Insured & Uninsured Mortgage

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New Mortgage Stress Test for Insured and Uninsured Mortgages Effective June 1st The Office of The Superintendent of Financial Institutions OSFI has announced that the new mortgage stress test...

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Exploring the Benefits of Using Mortgage Brokers in Canada

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Buying your first home is an exciting and critical step in securing your financial future and should not be taken lightly. You should consider several factors before settling on...

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Impact of Deferred Payments on Credit Report

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Since March of last year, Canadians have withstood the effects of the Covid-19 pandemic. Many people jumped at the opportunity to defer their mortgage payments and credit card payments...

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Canada’s Bank Regulator Proposes Stricter Mortgage Rules

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The Canadian housing market has been under close scrutiny by the federal banking regulators for some time now. they had planned to increase the benchmark rate for the mortgage...

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