English Archives - DLC NasaKasa

Approval Roadblocks

Individuals are often misled that once the offer on their dream home has been accepted, the rest is history, and that’s not the case. Even after your mortgage lender has approved your application, they still have every right to cancel the deal. That’s why we at Dominion Lending Centres Nasakasa...

How Firm is a Mortgage Approval

So you’ve put an offer on the home of your dreams, and then you get a call from your realtor, “OFFER ACCEPTED.” Well, doesn’t that call for celebration? Yes and no, because although you have won the home, you still need to arrange mortgage financing. So immediately, you reach out...

Down Payment Verification

Something you may not necessarily think about when planning to purchase new property is proving your down payment. You read that correctly; not only do you have to come up with the money, you also have to prove where that money came from. Now, why would the lender care where...

Reverse Mortgage Advantages and Disadvantages

A reverse mortgage, what is it, you ask? A reverse mortgage is a mortgage you can take out against your home, allowing you to borrow up to 55% of the property’s current market value. To qualify for a reverse mortgage, you must be at least 55 years old and a...

Boosting Your Credit Score and Mortgage Chances

You have just realized that it is finally time to become a homeowner, and that’s when you start doing some research. Most people, especially first-time buyers, don’t know the whole process, as they don’t teach you this in school. Not everyone will qualify for all lenders, rates, and terms. The...

Alternative Lenders

When most people think of mortgages, they think of big banks, like TD, RBC, CIBC, BMO, and Scotia Bank. Most consumers will go to their bank and apply for a mortgage pre-approval; soon as they get denied, they give up. These are not the only lenders available for mortgage financing....

You CAN Get Approved if You’re Self-Employed

Most people think that being self-employed means you can’t get a mortgage; we’re here to debunk that myth. The reality is that it is possible to get approved for a mortgage if you are self-employed; you just don’t see it happen as often. BUT this doesn’t mean it isn’t possible,...