Why were you (Mainstream Mortgages) able to get me approved and my bank or credit union couldn’t? One of our recent clients asked us this question. The answer isn’t that simple in all cases. For the most part, each and every lender will have access to the same programs offered by the Federal Government and […]

When applying for a mortgage many borrowers are overwhelmed with the amount of documentation we request, and today, I want to talk about Paystubs. Paystubs fall under the income category in the mortgage documentation process. Paystubs should contain all of the following information: ✅Your employer’s name/Company Name ✅Your Name ✅The pay period date ✅The wage […]

October 23, 2023 You have been asked to be a co-signer on a mortgage. Here are 6 things to consider: 6 Things for Co-Signers to Consider. Are you thinking about co-signing on a loan or mortgage? If you’re looking to help out a family member or loved one, this is a great way to do […]

https://youtube.com/shorts/LHbcTz5wrGw Mortgage Documents – Letter Of Employment 📝 The Letter Of Employment is a common document requested by Mortgage Professionals and Lenders.  We request this document for borrowers who are either salaried or earn an hourly wage. The letter has a few requirements to be accepted by a lender and/or mortgage default insurer. 👉 Letterhead […]

October 19, 2023 ❤️We Love Realtors❤️ 🏆This is a shoutout to all of the hardworking REALTOR partner professionals who have supported and helped us throughout the years. We appreciate all of the work, long hours, and especially all the driving you do 🚗🚗🚗. REALTORs and Mortgage Brokers have such a symbiotic relationship. We are both […]

If you have a basement suite or rental property and you are currently looking for a tenant, there are some things to know! Whether this is your first tenant or you have other rental properties, it is a good idea to familiarize yourself with the specifics to ensure a harmonious tenancy. As always, your responsibility […]

Visiting an open house is an excellent way to start viewing a home and getting a sense of which neighborhood you like and the features and floorplans that interest you. Here is a list for all of Winnipeg & surrounding area for Sunday, October 15th OPEN HOUSES – WINNIPEG AND SURROUNDING AREA – SUNDAY OCTOBER […]

October 13, 2023 https://peterpaley.com/first-time-home-buyer-tax-credit…/ TAX CREDIT For First-Time Homebuyers For 2022 and subsequent years, the Government of Canada proposes to increase the amount used to calculate the HBTC to $10,000, which would provide a tax credit of up to $1,500 to eligible home buyers. You can claim up to $10,000 ($5,000 for 2021 and prior […]