When Credit Vanishes: What You Need to Know About Protecting Your Credit Score Imagine logging into your credit report only to find your score has completely disappeared. That’s exactly what happened to several Canadians recently, according to a Yahoo News article. Equifax, one of Canada’s major credit bureaus, removed long-standing credit histories due to inactivity—leaving…
In today’s fast-paced digital world, many financial institutions advertise “instant” or “60-second” mortgage pre-approvals. While these tools might seem convenient, it’s important to understand what they actually represent — and what they don’t. At Canadian Mortgage Professionals, we believe in setting realistic expectations based on factual information and a full review of your financial situation.…
Homeownership remains a major aspiration for many Canadians – but increasingly, it’s becoming more difficult to achieve. According to a recent survey by NerdWallet Canada, featured on BNN Bloomberg, one in three Canadians say that saving for a down payment is the number one reason they can’t buy a home. At Canadian Mortgage Professionals Inc.,…
In today’s world of instant quotes, auto-generated approvals, and algorithm-driven lenders, it’s easy to feel like just another number. But at Canadian Mortgage Professionals, we still believe in one thing above all: you. Not just your credit score. Not just your income. You. Your story, your goals, your vision for what “home” actually means. That’s…
Retiring mortgage-free used to be the goal, but today’s reality is different. Here are some reasons why: Higher home values have led many to refinance or upsize later in life. Historically low interest rates made it attractive to carry mortgage debt longer. Parents helping children buy homes often accessed their own equity to do…
As the days get longer and the flowers start to bloom, spring has a way of shining light on things we’ve put off—like home repairs, high-interest debt, or even a growing tax bill. The good news? If you’ve built up equity in your home, refinancing your mortgage this spring could offer the financial flexibility you…
Buying a home is an exciting milestone, but for many first-time buyers, saving for a down payment can be a challenge. If you’re receiving financial help from an immediate family member, you’ll need to provide your lender with a gift letter — a document that confirms the money is a gift, not a loan, and does…
When securing a mortgage, most homeowners focus on interest rates and payment terms. However, how your mortgage is registered on the title of your home can have long-term financial implications. At Canadian Mortgage Professionals, we believe informed homeowners make better financial decisions. Let’s break down the key differences between Standard and Collateral Mortgage Charges and…
When it comes to securing a mortgage, one of the biggest decisions you’ll make is choosing between working with a mortgage broker or going directly to a bank. While both options can help you finance your dream home, there are distinct advantages to working with a Calgary-based mortgage broker, especially if you’re looking for personalized…
Purchasing a home is an exciting milestone, but it comes with more costs than just the down payment and mortgage. One of the most overlooked aspects of buying a home in Canada is the array of closing costs involved in finalizing the purchase. Understanding these expenses will help you avoid surprises and budget effectively for…