Richards Mortgage Group Articles

Before you can buy a house, you need to make sure you can afford it and that there will be financing options available to you. This is where a pre-approval comes in. As mortgage lending criteria has become more strict over the years, the pre-approval and the increased certainty and confidence that goes with it has become an essential first step for the would-be-home-buyer.

Last updated 20240730 As it relates to mortgages, credit can often take the longest time to fix if there are problems, so accessing your report to make sure all is in order is a definite first step if you are thinking about a mortgage any time soon. Here's how...

Dealing with the Family Home and Mortgage During Separation & Divorce Divorce is seldom a pleasant topic. Stress is an understatement. Irrational behavior is common. If you had experience with relationship breakdowns, things might go a whole lot easier, but separation and divorce is not something one gets a lot of practice at. As it relates to housing and mortgages, you can navigate through the mess and position yourself for a brighter future, just don't make any critical mistakes.

Last updated: May 2019 So You Want to Get a Mortgage with Bad Credit? One of the mortgage clients I am working with right now has a Telus Mobility collection that is preventing her from getting a mortgage approval. The hard to swallow part is it looks like Telus Mobility and their collection agency may have broken the law, yet my client is the one to straighten up the mess! As you are likely aware, your ability to get a mortgage, loan or credit card depends on having a good (enough) credit repayment history in your credit report. As a mortgage broker, I have seen a lot of credit reports and I have seen a lot of reporting errors and damaged credit scores. Luckily, and with some effort, errors can be corrected and your credit score will improve dramatically. To make these fixes, however, you need to understand the rules and how to approach resolving the problem. Interested? Read on ...

Last updated: May 2019 One of the things I like about being a mortgage broker is a real opportunity to help people out when life throws them a curve ball. Recently my phone rang from a self-employed mortgage holder, a couple trying to get some options as they had fallen behind on their mortgage payments, not to mention numerous other credit cards and, bills.