Daryl Rissling - Mortgage Broker

New and exciting changes!

Is your renewal date approaching soon? Sometimes the rate offered by your lender is not always the best one. I’ll help you review your options and make the renewal process simple and easy!

Have questions about the mortgage process? I'm here to help.

PS - My services are free!

Credit is very important, especially when buying a home. Do you have questions about credit? Feel free to reach out anytime!

Psst - this is not limited to first time home buyers...as long as you'll be living in the home, the minimum down-payment is just 5% of the purchase price!

🤑Referrals! Referrals! Referrals!🤑

To qualify for the program, each referral must turn into a funded mortgage.🏡

Tired of renting?

Not sure where to start?

I'm here to help - reach out anytime!

Debt.

Did you know that in addition to income, debt plays a large roll when qualifying for a mortgage. Essentially the more the debt you have, the less you will qualify for - however it is not a requirement to have all debt paid off before applying for a mortgage.

Credit.

Did you know that credit plays a large roll when applying for a mortgage? As a general rule of thumb, it is recommended to have a minimum of 2 pieces of active credit reporting on your credit bureau for a minimum of 2-years. For best credit practices, it is important to make all minimum monthly payments, not go over limit, not carry high balances and not let things go into collections - or worse. If credit is bruised, things can always be repaired with time and attention to rebuilding properly.

Pre-Approval.

Did you know that it is important to get pre-approved prior to shopping for homes? You don’t want to fall in love with a home only to find out that it’s outside of your price range.

Mortgage Default Insurance.

Did you know that mortgage default insurance is required when purchasing a home with less than a 20% down payment? The insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. CMHC (Canada Mortgage and Housing Corporation), Sagen (previously known as Genworth) and CG (Canada Guaranty) are the 3 mortgage default insurance providers in Canada.