I Love Winnipeg Real Estate

Credit and Mortgage Financing Basics

If you’re new to managing your credit, an easy way to remember the minimum credit requirements for mortgage financing is the 2/2/2 rule. Two active trade lines established over a minimum period of two years, with a minimum limit of two thousand dollars, is what lenders are looking for.

Neighbourhood Edition: Geoff Davis on River Heights

On this special neighbourhood edition, we are joined by Geoff Davis, Realtor® with Royal LePage Dynamic Real Estate - Claude Davis Team. In this episode we chat about River Heights.

 

Mortgage Options for Older Canadians

Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg.

Neighbourhood Edition: Eric Neumann on Wolseley

On this special neighbourhood edition, we're joined by Eric Neumann, Realtor® with Realty Executives First Choice. In this episode we chat about Wolseley. 

Understanding your Employment Status for a Mortgage

Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a similar position if you need to. However, your actual employment status probably means more to the lender than you might think.

Bridge Financing and Deposit Lending

Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best idea

Neighbourhood Edition: Tom Goodfellow on Transcona

On this special neighbourhood edition, we're joined by Tom Goodfellow, Realtor® and Broker of Goodfellow Realty in Winnipeg. In this episode we chat about Transcona.

Why Down Payment Source Matters

If you’re looking to purchase a property, although you might not think it matters too much, the source of your down payment means a great deal to the lender. Let’s discuss the lender requirements, what your down payment tells the lender about your financial situation, a how down payment helps establish the mortgage loan to value.

Porting Your Mortgage

Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate to a new property if you’re selling your existing home and buying a new one.

Don‘t Forget These Items in Your Condo Budget

You might think that you can plan your budget for the upcoming year based on the previous year's expenses. Just copy and paste and you're done, right? Well, not quite. While the previous year can provide a solid, general guide for planning purposes, you will need to consider possible changes in year-over-year expenses.