HELLO!! Thanks for visiting RateHouse, your source for the Best Rates, Professional Services & Expert Advice. We are currently updating our rates algorithm. We will be offering rates again soon, we apologize for any inconvenience.

RateHouse Quality Assurance team

Gift Letter

Documents Required Checklist When Purchasing a Property

When purchasing a property you will have to sign and reviewed many documents. To approve the property, the Lenders will require these documents once all signatures are completed.

Documents Required Checklist When Refinancing a Mortgage

Refinancing your property to take equity out, change applicants, increase amortization or get better rates can be done easily. There are typically legal costs associated, as the new mortgage will have to be re-registered by a lawyer or Notary.

Documents Required Checklist When Renewing or Switching a Mortgage

Switching mortgage to another lender can only occur if the mortgage is not a collateral charge and all the registration information remains the same. The mortgage amount, amortization,and the applicant cannot change. If there is a change required it will be a refinance and will incur legal fees.

Down Payment Confirmation

Lenders will require confirmation of your down payment as per Federal Government guidelines. Most mortgage brokers will request these documents after you have a “Contract of Purchase and Sale” (accepted oer) in place.

Income Confirmation Document

All lenders will require proof of employment and income verifacation, we have complied a list of documents that are acceptable for all lenders when financing a mortgage. Not all the documents are required, they vary from lender to lender. These documents are not required at the time of a pre-approval, as it will be out […]

New CanadaTo Mortgage Program

What is the new to Canada mortgage program? The new to Canada mortgage program was developed to help new and non-immigrants purchase a home in Canada with as little as 5% down payment. In 2012, Canada had a record-breaking year for issuing permanent residence status for new immigrants. Countries that received the majority of the […]

Moving Checklist

Repair Bad Credit

Fix Bad Credit, Starting Today!   There are two main reporting agencies in Canada, Equifax and Trans union, Equifax is the preferred choice by most lenders. The information recorded with the credit agency is data provided by the consumer when seeking credit. The credit score is the reflections of payment history, amount owed, types of […]

Purchase Plus Improvement Mortgage

  Purchase plus improvement mortgage, how to finance the renovation of your home at the time of purchase or refinance.     With so many mortgage products in the market, it is difficult to comprehend how the purchase plus improvement mortgage  or refinance plus improvement can benefit the average consumer. This specific mortgage product is […]

Stay connected with us using your favourite flavor!

Want to become a Ratehouse professional partner?