What Are Prepayment Penalties & How Do They Work?

Mortgage Tips Sherisse Hume 16 Sep

Mortgage brokers work hard to give you as much flexibility in a mortgage as possible, but sometimes we have to defer to the rules set out by lenders. One restriction that sometimes comes with a mortgage is a prepayment penalty. Let’s say that you got a really nice bonus at work, and you wanted to […]

Read More

Why Mortgages Are Declined

General Sherisse Hume 19 Aug

Not all mortgage applications are accepted. It’s extremely rare that any of my clients are declined for a mortgage, but it is possible. In fact, many clients come to me after they’ve been declined by a bank or through another mortgage broker.  Why Are Mortgages Declined? Bad Credit Credit history is one of the most […]

Read More

How to Get a Mortgage for a Rental Property

General Sherisse Hume 12 Aug

Investing in a rental property is a great way to increase your income and expand your investment portfolio, but owning an investment property is very different from owning your own home. Your rental property mortgage is no exception to this, and there are a few major differences between getting a mortgage on a principal residence […]

Read More

Getting a Mortgage During the Pandemic

General Sherisse Hume 22 Jul

The coronavirus pandemic is shifting the way we experience the world, and getting a mortgage is no exception. Over the past few months, I’ve had clients and contacts asking me all kinds of questions about what getting a mortgage and refinancing looks like in the wake of the first waves of the virus. Here are […]

Read More

4 Things You Should Know About Working with a Mortgage Broker

Mortgage Tips Sherisse Hume 4 Jul

Most people who have worked with a mortgage broker before understand the amazing wealth of value that a broker brings to the table. On top of the experience and advantages they bring to the table when negotiating your mortgage terms, mortgage brokers often understand subtle nuances in the market.    Mortgage brokers aren’t the decision-makers […]

Read More