What’s an Ideal Debt-to-Income Ratio for a Mortgage?
When applying for a mortgage, we’ll perform an assessment of your financial situation to help determine what you can comfortably afford to spend on a home, taking into consideration whether...
6 Things You Need to be Preapproved for a Mortgage
If you’re thinking about buying a home, it’s important to first determine how much you can comfortably afford to spend. Before granting you a loan, your financial institution will take...
What is a Mortgage?
A mortgage is a legal document you sign when you buy or refinance a home or other type of property. The term ‘mortgage’ also refers to the home loan itself,...
What do you need to know about mortgages in the context of COVID-19 (Coronavirus)?
Naturally, we, at nesto, are deeply concerned about the Coronavirus, as are you. We have asked everyone from our team to work from home, and though we remain 100% operational,...
Here’s what you need to know when using a co-signer on your mortgage
Qualifying for a mortgage has gotten tougher in recent years thanks to tightened lending rules – including the dreaded ‘stress test’ – but the good news is that you still...
Breaking your mortgage can cost tens of thousands of dollars, but an alternative exists!
Did you know that three out of five Canadians break their mortgage within three years of a five-year term? Pretty crazy, huh?! And sometimes these penalties are a real shocker...