Category Archives: Debt Servicing

The secret numbers you must know.

The 3 Types of Insurance With Your Mortgage

The 3 Types of Insurance with your mortgage Mortgages require 3 types of insurance, each has its own purpose. Depending on your down payment amount you may need all three. If you have a conventional mortgage you will not need the first type of insurance. If your down payment is less than 20% you will […]

Debt Servicing: Can You Afford Your New Home?

Debt Servicing: Can you afford your new home? Once you have proven your income source you now must prove your ability to make your future mortgage payments. To do this the lender will want to know all your current debts, car loans, lines of credit, and credit cards. All consumer debts will be used in […]