Mortgage Factory

FAQs & Tips

6 Reasons to get an Early Mortgage Pre-Approval

6 Reasons to get a Mortgage Pre-Approval Now!

When you think of the first steps in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, not getting a Mortgage Pre-Approval. However, the first steps should take place months before you speak with that Realtor, which should be with your mortgage broker.

What it Means to Co-Sign for a Mortgage

What it Means to Co-Sign for a Mortgage

In today’s market, qualifying for a mortgage is no easy feat. Even the most financially-stable applicants may find themselves lacking in certain areas when it comes to meeting mortgage prequalification requirements.

Fixed Vs Variable Interest Rates

Fixed Vs Variable Interest Rates

When choosing a mortgage, there are two interest rate structures: fixed and variable. Both have advantages and disadvantages that must be considered before making a decision. In this article, we will look at the costs of each type of mortgage and how to make the right choice for your situation.

Top 16 Do’s and Don’ts when Applying for a Mortgage

Top 16 Do’s and Don’ts when Applying for a Mortgage

You have applied for a mortgage and have been pre-approved! Great, nothing can go wrong, right?
Well, not exactly. There is one major factor working against you, and that is time! A lot can happen from when you are pre-approved until you the closing date.

Standard Vs Collateral Charge Mortgages

Standard Vs Collateral Charge Mortgages

Both standard and collateral charge mortgages exist, and lenders may offer both types, while others only provide one or the other. It is important that you understand which option suits your borrowing needs.