When it comes to purchasing a home, there are many important players in the game, and one key team member you shouldn't overlook is a mortgage agent. The role of a mortgage agent in the home buying process is often underestimated, but their expertise and guidance can make a world of difference. In this blog, we'll delve into the valuable contributions a mortgage agent can make to your homebuying journey and why partnering with one is a smart move.

As a prospective homeowner, you may have spent countless hours envisioning the perfect abode that suits your lifestyle and aspirations. However, before you can unlock that front door and call it your own, there is an essential step that stands between you and homeownership: saving for a down payment. Saving for a down payment can seem daunting, but you can turn this aspiration into a reality with the right strategies and a disciplined approach. 
Whether you're a first-time buyer, upgrading to a larger space, or relocating to a new area, we will provide valuable insights, tips, and actionable steps to accelerate your savings journey in this blog. From understanding the significance of a down payment to exploring creative ways to boost your savings, we'll cover it all.
 

As you take this significant step towards homeownership, understanding the intricacies of mortgage rates becomes paramount in creating a reasonable budget for your new abode. Influenced by various factors, mortgage rates play a crucial role in shaping your financial commitment. Armed with knowledge and insights will empower you to confidently make informed decisions and navigate the complexities of the housing market with confidence. In this blog, we will delve into first-time home buyer mortgage rates, exploring the factors that influence them and providing valuable information to help you chart a successful path forward. So, let us embark on this enlightening journey together and unravel the mysteries of first-time home buyer mortgage rates in Leamington, ON. Get ready to make informed decisions that will set the foundation for your dream of homeownership!
 

Are you ready to embark on the exciting journey of buying a new home? As a licensed mortgage professional at Vic Lehan & Associates, I understand that the mortgage process can be overwhelming, especially for first-time home buyers. That’s why I’m here to help you navigate through the complexities of obtaining a mortgage. In this blog post, I will answer some frequently asked questions to provide you with valuable insights and guide you toward making informed decisions. Let’s dive in!

Planning to buy a home is an exciting journey filled with dreams and aspirations. However, before you can unlock the doors to your dream house, one crucial factor can significantly impact your ability to secure a mortgage: your credit score. Your credit score reflects your financial responsibility and plays a pivotal role in determining your mortgage's interest rates, loan terms, and overall affordability. Fortunately, even if your credit score isn't where you want it to be, you can take steps to improve it. In this blog, we will explore practical and actionable steps you can follow to boost your credit score and increase your chances of securing a favorable mortgage. So, let's dive in and unlock the door to a brighter financial future!
 

Original Article Source Credits: Government of canada, https://www.canada.ca

Article Written By: NA

Original Article Posted on: 2020-12-29

Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html

Original Article Source Credits: Loans canada, https://loanscanada.ca

Article Written By:  BRYAN DALY

Original Article Posted on: NA

Link to Original Article: https://loanscanada.ca/credit/improving-your-credit-score/

What is the difference between a bank and a mortgage agent? When you work with a bank for a mortgage, you are limited to their options. Moreover, the bank focuses on its own interests first and only then on yours. Mortgage agents, on the other hand, are licensed professionals who give your needs first priority. They negotiate on your behalf for better rates and deals. They help you with paperwork and are available when you need them.

Thanks for stopping by our blog. If you’re looking for more information about Vic Lehan & Associates, you’ve come to the right place. 

Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers.

The Canada Mortgage and Housing Corporation (CMHC), Canada’s national mortgage insurance provider, unveiled stricter underwriting policies on Thursday for insured mortgages. The measures include:

I’m Vic Lehan, the proud owner of Vic Lehan & Associates, Mortgage Architects.

I started my financial career training as a sales rep for a major Mutual Fund company.  After my brother-in-law, who was an experienced mortgage agent, introduced me to the profession there was no looking back. I started training as a broker in 1998.

Are you struggling to find a mortgage to buy your first home as a new Canadian citizen? If you are, you'll be glad to know that you don't have to anymore! The Government of Canada has a special mortgage plan designed to help new Canadians own houses and settle into the country. That's right, the government sponsors mortgages for new Canadians to make it easier for them to apply for a mortgage and purchase their first home in Canada! 

We are delighted to announce the launch of our new website!