In today's society, we live in a time where people like to have nice things. Especially when it comes to homes. There is a natural want by most people to have a large home in a fantastic area with a big yard, paved driveway and picket fence. Others may just want a comfortable home that suits their needs. Owning your own home is a great accomplishment. But what if your credit doesn't fit the mainstream lender's "box"?

The Mortgage Associate at TMG Saskatoon, is the best answer to anyone looking to get into a home. Believe it or not, not everyone has amazing credit. When life happens, you may fall into late payments on credit cards and loans, have payments that have gone to collections, or even bankruptcy. A lot of banks and lenders would see this as not a right fit into the mainstream "box". The Mortgage Associate at TMG Saskatoon is willing to take each clients and look at them on a case to case basis to find the best options for you. Yes there is still criteria that everyone must meet, but The Mortgage Associate at TMG Saskatoon, can look at your past file as a whole and try to understand the why's. From there, it is easier to assess and come up with a "stepping-stone plan" to not only get you a mortgage, but also as to what needs to happen after the mortgage is in place. In a lot of cases, once your payments are up to date, you can start rebuilding credit damage in as little as two years.

When dealing with "B-lenders", you need to be prepared for higher than average rates (as lower credit is seen as more risky) and the lender will also probably ask for a larger downpayment on the home. However, The Mortgage Associate at TMG Saskatoon will look at any and all options to find you the lowest rate possible and get you on your way to owning your home and building up your credit. 

Bad credit doesn't have to be the end of the world. Book an appointment with The Mortgage Associate at TMG Saskatoon today to see what he can do for you. 

A current trend that has really progressed in the past few years is people deciding to purchase rental properties. The Mortgage Associate at TMG Saskatoonis the best person to talk to learn what options you have in this regard. In a lot of cases, owing a rental property can not only have the benefits of paying off the rental properties mortgage, but eventually your own and beyond as well. Here are a few things to consider.

1) Always talk to The Mortgage Associate at TMG Saskatoon first to get a true picture of your current financials. There are many options for mortgages and The Mortgage Associate at TMG Saskatoon can go over all of the options as well as recommend real estate agents that he works with who can help you out.

2) Look at the big, future picture- most properties only increase in value. This is especially true if you put some renovation work and upgrades into your rental property. The Mortgage Associate at TMG Saskatoon as well as his real estate agents can shed some light on how the market is expected to go as well as how the renovations you plan to do will increase the value of your property. 

3)Renovation and upgrades cost money- not only do you need to be prepared for the initial renovations and upgrades that you may do, but as well you need to expect that there will be future ones as well. Everyone wants to believe that their renters will take care of the home just as they would, but more often than not, this is just not the case. Things get outdated and need to be replaced, and accidents happen when you least expect them to.

4) Learn as much as you can about being a landlord- make sure you look into any laws that go along with renting and being a landlord. Have a solid lease agreement that you stick to, and screen all of your applicants. Good tenants are worth their weight in gold. 

As with most things, there are pros and cons of diving into owning a rental property. However, with help and advice from professionals like The Mortgage Associate at TMG Saskatoon, there is no reason that your new venture can't be successful and profitable. 

Buying your first home can be one of the most rewarding things you do. You've worked hard to be able to buy a place to call your own. In today's market, most people are drawn towards the brand new homes, or building their own. While this is great for many reasons, there is another rewarding option.....buying a fixer-upper and doing your own renovations.

This may seem daunting, but before you completely turn down the idea, read on. In many cities, there are fantastic old homes in established areas that are more than capable of being turned into your dream home. The other side to buying and renovating and older home is to do it as a flip....essentially to turn around and sell after the renovation. In Saskatoon, we are seeing rejuvenation and renovation of one of the oldest areas of town, Riversdale. The great thing about this area is that not only are people choosing character homes to renovate, but the city is turning this area into a go-to hotspot. It's a fantastic community with lots of local business' and accessibility to beautiful riverside views. It's a perfect area for anyone who likes to be surrounded by beautiful trees, a strong community and already well laid roots. Here are some things to consider:

1)Look at real estate in older areas:
In any city there are many established areas that are being rejuvenated and reborn into places that you would want to raise a family. Lots of the homes for sale will be older style, single family homes. While they may look a little rough around the edges, try and see past the cosmetic things you can fix. If you need any help from a real estate agent, The Mortgage Associate at TMG Saskatoon would happily recommend one of that fantastic professionals he works with.

2) Appreciate the history:
Older style houses have lots of amazing history. Whether its rounded doorways, original hardwood floors or an exposed brick wall, these are things that give the home fantastic character that you will not find easily in a new build. 

3)Know what you are approved for:
While there are costs to a renovation, there are also huge cost saving benefits. First off, many older homes are listed well below the cost of buying brand new. This is an advantage to get the best of both worlds....a character home in an area you love, with upgrades and renovations to really make it your own. The best way to know what you can afford is to sit down with The Mortgage Associate at TMG Saskatoon and go through what you are approved for. 

4)Learn about renovation:
There are lots of renovation companies that can make your renovation ideas come to life. Go to more than one, ask questions, and see what is available in your city. Another cost effective way to renovate is to do most of the renovations yourself. Many things such as changing flooring, painting, tiling, etc. can be learned easily so you can complete them yourself. Places like the Home Depot even hold free classes and seminars to learn such techniques. Coming up this weekend in Saskatoon is the Saskatchewan Homestyles Home and Renovation Show. It's a 4 day Show of over 400 booths of business' and professionals showcasing different ways and products to use to renovate your home. This is a great way to learn the costs of different types of renovations and to make connections with people you may want to hire.

As always, The Mortgage Associate at TMG Saskatoon is here to help at anytime along the way with any questions or recommendations you may have.

Buying a home can seem like a daunting task. Getting a mortgage doesn't have to be. As The Mortgage Associate at TMG Saskatoon, we are here to help make the whole process go as smooth as possible. Recently we closed a mortgage deal in just 9 business days! How? Here is a few things that help the process along:

1) Being pre-approved: when you decide you want to go house shopping, it's best to sit down beforehand with The Mortgage Associate at TMG Saskatoon and get a clear picture of what you are qualified for.

2)Documents: The most important parts to your mortgage! Having the required documents ready to go before hand can drastically reduce days waiting. Things to have on hand include: most recent Notice of Assessment, previous T4's, Bank Statements, Letter of Employment, and Paystubs. The sooner that The Mortgage Associate at TMG Saskatoon can take a look at and send in these documents, the better.

3) Communication: The Mortgage Associate at TMG Saskatoon is with you every step of the process and here to help and answer any questions that you may have. Communicating as quickly and efficiently as possible is key. We want to help get you into your new home as quick as possible.

While each mortgage situation is different, The Mortgage Associate at TMG Saskatoon is there every step along the way, finding you the best deal, answering any questions you may have, and getting you into your new home as quick as possible.