Welcome to my Mortgage Blog - Vick Sahota
A and B Lenders: A Quick Guide
Have you ever wondered about the difference between A and B lenders? Let’s break it down.
GDS/TDS and How They Affect Your Mortgage Qualification
When it comes to securing a mortgage, there are two important financial metrics that lenders carefully consider to determine your qualification, Gross Debt Service (GDS) and Total Debt Service (TDS). Let's go into these concepts and explore their impact on your mortgage qualification.
Mortgage Renewals: A Strategic Approach for Homeowners
When it comes to mortgage renewals, timing is everything. Many homeowners may find themselves wondering when the best time is to reach out before their mortgage renewal. In this blog post, we'll explore why sooner is better and how proactive steps can lead to being better prepared at renewal time.
Breaking Your Mortgage: A Comprehensive Guide
Many Canadians find themselves breaking their mortgages before the end of the term, driven by a variety of circumstances. In this blog post, we’ll explore key considerations for those contemplating this decision.
Standard vs. Collateral Charge Mortgages: Pros and Cons
When it comes to securing a mortgage, homebuyers often encounter the terms "standard charge" and "collateral charge." These represent two distinct approaches to registering mortgages, each with its own set of advantages and disadvantages. In this blog post, we'll explore the differences between standard and collateral charge mortgages, shedding light on their pros and cons.
Mastering the Art of Budgeting: A Comprehensive Guide to Achieving Your Financial Goals
Budgeting is the cornerstone of financial success, providing a roadmap to meet your goals, whether it’s saving for a down payment or securing your future. In this comprehensive guide, we’ll explore essential tips and strategies to help you budget effectively and achieve your financial aspirations.
The Crucial Role of Pre-Approvals in Your Home Buying Journey
Embarking on the journey of homeownership requires careful planning and strategic decision-making. One of the initial and pivotal steps in this process is obtaining a mortgage pre-approval. In this comprehensive blog post, we will look into the reasons why you should get pre-approved for a mortgage and explore the numerous benefits associated with this crucial undertaking.