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…
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…
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…
Purchasing a home is one of the most significant investments you’ll make in your lifetime. While the process can be exhilarating, it’s crucial to fully understand what you’re buying. A home inspection plays a critical role in safeguarding your investment. Though skipping it might seem like a way to save time and money, doing so…
Prepare Your Home for the Canadian Winter If you know our mortgage broker, Bob, you know he’s a man who takes care of both his house and office with meticulous attention. After all, why not? You’re protecting the biggest purchase of your life! As we approach the colder months, it’s time to ensure your home…
Renovating your home can be an exciting prospect, whether you’re a first-time home buyer, or a seasoned homeowner. Renovations can enhance your home’s layout, update spaces, and even add value to your property. However, financing large-scale renovations can be a challenge if you don’t have the cash on hand. Here’s how you can incorporate renovation…
In today’s competitive Calgary housing market, low inventory often pressures buyers to make no-conditions offers. While appealing to sellers, these offers carry significant risks. Understanding No-Conditions Offers A no-conditions or “clean” offer eliminates the usual buyer protections, such as financing approval, home inspections, and sale of the buyer’s current home. This can expedite the sale…