Have you come accross the term "Collateral Charge Mortgage” in your online research about mortgages?  If not, it is something you should know about....

The purchase of a home will no doubt be one of the largest purchases you make in your lifetime.  Statistics show that today’s consumers do the research and educate themselves prior to making such a life changing commitment.  One of the steps that should be included in this process, whether it be a resale home purchase or a new build, is a home inspection.

Here is what to expect:

• A home inspection is designed to help you understand the condition of a home.
• Qualified home inspectors perform a complete visual inspection of a home to assess its condition and all of its systems...

If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.

In the past 3 years mortgage rules have been tightened numerous times.  As a result mortgage borrowers are not only required to supply more documents than before, but the criteria to qualify for a mortgage has increased.  This is especially the case for those who have their own businesses and don’t have the typical documentation required.

Here are some items you need to have or be aware of when you apply for a mortgage...