PEI Mortgage Guy | Get the Best Rates on PEI and Expert Advice

Soubhi Abla || April 07, 2022

What’s in the Federal Budget for Homebuyers?

The federal government has earmarked more than $10 billion in new spending for housing-related initiatives, much of which is focused on increasing supply. Overall, the federal budget includes $56...

Soubhi Abla || February 23, 2022

Understanding Credit Score Calculation

Understanding Your Credit Score Have you ever wondered what impacts your credit score? Here's what impacts it..... 35% Payment History – Make a payment or miss a payment. It’s on your file30%...

Soubhi Abla || February 16, 2022

What exactly is HIGH RATIO or INSURED mortgage?

What exactly is HIGH RATIO or INSURED mortgage?A mortgage that exceeds 80% of the purchase price This type of mortgage must be insured by CMHC (Canadian Mortgage and Housing Corporation), Canada...

Soubhi Abla || February 16, 2022

Pre Approval vs Pre Qualification

Pre Approval vs Pre QualificationWhat's The Difference?A Pre Approval is when you send me income documents, we verify your down payment, and we go through your credit report with a fine tooth...