Mortgages Explained - Latest Posts
Alex Lavender helps Nova Scotians get the best mortgage for your dream home. Whether you need a self employed mortgage or are looking to do construction with a mortgage plus improvements program, Alex can help. Or if you’re just looking for more information on mortgages checkout these blog posts for helpful tips. Alex is one of Halifax and Dartmouth's top rated mortgage brokers. Known for his kindness and flexibility he provides you with all the info you need to get the best rates!
Featured Article
Understanding Interest Rate Differential for Home Buyers
When you secure a mortgage, you’re committing to a long-term ...
Deciding Between a Fixed or Variable Mortgage: What You Need to Know
Choosing between a fixed or variable mortgage is a very important decision you’ll need to make when buying a home. Each option has its benefits and drawbacks, and understanding these can help you make an informed choice that aligns with your financial situation and goals. In this guide, we’ll explore the key differences between fixed ...
Understanding Mortgage Terms: A Simple Guide
Before diving into the home buying process, it’s essential to understand mortgage terms, like what a mortgage is and how it works. Put simply, a mortgage is a loan secured against a real estate asset, with payments charged at a prescribed interest rate. Here’s a breakdown of traditional mortgage terms to help you navigate your ...
A Guide to the Home Buying Process in Nova Scotia
Congratulations! You’re finally at a point where buying your first home seems possible. You’re scared but excited, intimidated but optimistic, nervous but determined. Buying a home can be a rollercoaster of emotions with many steps. In this guide, we’ll walk you through the home buying process in Nova Scotia, from getting pre-approved for a mortgage ...
A Guide to Mortgage Renewal in Nova Scotia: Ensuring the Best Terms
Renewing your mortgage can be just as important as obtaining your initial loan. In Nova Scotia, understanding the nuances of mortgage renewal can help you secure better terms, lower interest rates, and save money over the long term. This guide will provide you with essential information to ensure you get the best deal when renewing ...
Benefits of Using a Local Mortgage Broker in Halifax
Buying a home is one of the most significant investments you will make in your lifetime. When it comes to securing a mortgage, the choices you make can have a profound impact on your financial future. In Halifax, choosing a local mortgage broker offers numerous advantages that can help you navigate the complexities of the ...
Understanding Purchase Plus Improvements Mortgages
When buying a home, you might find a property that needs some updates or repairs. A Purchase Plus Improvements mortgage can be a great solution for these situations. However, this mortgage product is often misunderstood. This guide will explain how it works, the requirements, and how you can use it to buy and improve your ...
How Term Contracts Can Affect Your Mortgage Approval
Securing a mortgage while on a term contract can be more complicated than for those with permanent, full-time jobs. Lenders often see term contracts as less stable and more risky. However, understanding how term contracts affect mortgage applications can help you prepare and increase your chances of approval. This guide will explain the impact of ...
First Time Home Buyer’s Guide For Nova Scotians
Are you a first time home buyer? Don’t be stressed! Alex Lavender is a Halifax local and author of the best selling book Mortgages For Millennials. He’s a mortgage broker that has helped thousands of Nova Scotians buy their first home. This first home buyers guide will break down exactly what the home buying process ...
Boosting Your Credit Score for Mortgage Approval: Strategies and Insights
Embarking on the path to homeownership is exciting, yet it can be daunting if your credit score is not where you’d like it to be. Understanding how credit scores are calculated and employing effective strategies to improve them is crucial when preparing for a mortgage. Let’s delve into essential tips to enhance your credit score ...
Mortgage Approval After A Bankruptcy Or Consumer Proposal
If you’ve experienced bankruptcy or a consumer proposal, you might feel like the dream of owning a home is out of reach. But here’s some good news: it’s not the end of the road. Securing a mortgage after bankruptcy is challenging, but with the right strategy and a bit of patience, it’s totally possible. Let’s ...