Sarah's Mortgage Solutions/ Mortgage Broker RMA #10464

04/23/2026

Certain lenders understand that life happens, and they consider people with past financial challenges like bankruptcies, consumer proposals, missed payments, collections, and low beacon scores. 💳 😓

The key is a minimum 20% down payment to get started, which allows for some flexibility with traditional lending guidelines. 🏦

Navigating this unique lending space can be complex, so it's wise to work with an experienced broker who knows the ins and outs. 📚

I'm ready to help you find the right path to homeownership or financial stability. 🏠

📞 (905) 630-1199
📩 [email protected]
🌐 sarahdavies.ca

04/17/2026

Credit cards & lines of credit debt are considered by lenders when looking at your mortgage application.💳

A lender will use 3% of the balance (sometimes available balance) to calculate a "monthly payment" that is added to your debt ratios.

For example;
If you have a credit card with a balance of $8500, the lender will add $255/month of debt to your application, which would reduce the amount of mortgage you qualify for.💵

MORE DEBT = LESS MORTGAGE!

With a little planning and smart financial management, you can improve your chances of getting approved for a mortgage and achieving your homeownership goals.🗓️

Call us today with questions!📱

📞 (905) 630-1199
📩 [email protected]
🌐 sarahdavies.ca

06/12/2024

https://www.canadianmortgagetrends.com/2024/06/canadians-leaving-money-on-the-table-by-not-negotiating-their-mortgage-renewal-rates/

According to a recent survey conducted Mortgage Professionals Canada, Canadians are doing less haggling at renewal, despite most facing higher interest rates.

06/05/2024

https://www.canadianmortgagetrends.com/2024/06/is-todays-bank-of-canada-rate-cut-one-and-done-for-a-while/

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

03/20/2024

https://www.canadianmortgagetrends.com/2024/03/economists-predict-june-rate-cut-as-inflation-continues-to-ease/

Today's lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.

03/18/2024

https://www.canadianmortgagetrends.com/2024/03/homeowners-realtors-should-take-steps-to-protect-against-title-fraud-experts/

It's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock.

02/15/2024

https://www.canadianmortgagetrends.com/2024/02/canadas-housing-rebound-continued-in-january-what-should-buyers-expect-this-spring/?utm_campaign=Daily%20News&utm_medium=email&_hsmi=294278918&_hsenc=p2ANqtz-9orKZtxI8Lumi5N2dks86ehUTQ-HVhPPK7xD3aA297xc3TKoP2K3ArP_pSY0jrULHvxk9e-wekei3xsgqZxWa_bxmkYw&utm_content=294278918&utm_source=hs_email

January marked the second straight month of higher home sales in Canada, which are now up 22% from a year ago.

02/13/2024

02/07/2024

https://www.canadianmortgagetrends.com/2024/02/strong-start-to-home-sales-in-2024-unlikely-to-delay-boc-rate-cuts-economists/

A surge in home sales across Canada's largest markets to kick off 2024 is unlikely to prompt the Bank of Canada to delay its probable interest rate cuts later this year.

01/09/2024

https://www.canadianmortgagetrends.com/2024/01/metro-home-sales-surged-in-december-despite-annual-slump/?utm_campaign=Daily%20News&utm_medium=email&_hsmi=289296095&_hsenc=p2ANqtz-99Mw1YBFFPyLHT6YR9ipqRmYc9QSithq3_-R5M40GSASHoMNgnz6T6sKjAFdjELCacz7VP705PToCSGOyojm99RbHXow&utm_content=289296095&utm_source=hs_email

Home sales surged in most of Canada's large metro areas in December, despite total 2023 sales being well down from 2022.