Our Blog - DreamHouse Mortgage

Category: Mortgage Tips & Advice (25 posts)

  • December 24, 2018 @ 11:05 AM
  • Posted by Guriqbal Chahal, MBA, PMP

How to Improve Your Chances of Being Approved for a Mortgage

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f

  • November 28, 2018 @ 12:20 PM
  • Posted by Guriqbal Chahal, MBA, PMP

The Pros And Cons Of Reverse Mortgages - A Quick Guide

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen

  • September 26, 2018 @ 2:34 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 25 years or 30 years is an option. It can be an enticing idea to know that you'll

  • April 11, 2017 @ 2:44 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Buying a Home, Step One: Mortgage Pre-Approval

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl

  • March 14, 2017 @ 2:43 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Why Remortgage? 4 Excellent Reasons to Consider Refinancing Your Home

Your home is probably the most significant purchase you'll ever make, yet it's surprising how many people simply continue paying their mortgage every month without thinking too much about it. However,

  • January 25, 2017 @ 12:14 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Timing Your Home Sale

Timing the sale of your home is easier said than done. There are all sorts of factors to consider, from seasonal advantages to the economic climate of a particular region. And that's in addition to po

  • January 11, 2017 @ 2:29 PM
  • Posted by Guriqbal Chahal, MBA, PMP

How to Use Debt Consolidation Loans Effectively and Safely

Visit almost any financial site on the web, or watch nearly any daytime TV channel, and you're likely to see advertisements promising that a consolidation loan can solve all your debt problems. There'

  • December 14, 2016 @ 11:17 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Going Away for the Holidays? Protect Your Home against Burglars!

Burglars look for opportune moments to enter homes in search of valuables, and they don't take breaks for the holidays. In fact, many burglaries take place during the holidays, especially when people

  • November 23, 2016 @ 4:09 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Saving For College: Four Tips For Parents

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges

  • November 9, 2016 @ 12:06 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Curb Appeal on a Budget

If you're like most people looking to sell your home quickly, you already know the importance of curb appeal. While more and more homebuyers are looking online for homes for sale, a majority still do

  • October 12, 2016 @ 10:08 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Is Having No Credit As Risky As Having Bad Credit?

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o

  • September 14, 2016 @ 10:42 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Why Should I Repair My Credit?

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r

  • July 27, 2016 @ 11:37 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Rent or Buy? 3 Tips to Help You Decide

The decision to buy or rent a home in is one that should not be taken lightly. After all, the choice you make is going to affect you for at least a year and probably much longer than that. While this

  • July 13, 2016 @ 10:45 AM
  • Posted by Guriqbal Chahal, MBA, PMP

How to Manage Your Credit Card Debt: A 4-Step Strategy

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en

  • May 25, 2016 @ 9:44 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Before You Hire a Realtor Ask These 5 Questions

Selling a home is a big decision. An equally big decision is choosing a Realtor. On a basic level, your Realtor is responsible for finding the best buyer for your home at the price you're asking. Howe

  • May 11, 2016 @ 10:14 AM
  • Posted by Guriqbal Chahal, MBA, PMP

3 Ways to Change Your Financial Habits

Some financial habits are good, but others can hold you back and prevent you from saving. If you need to change your financial habits, it is important to take a step-by-step approach. This three-step

  • April 13, 2016 @ 10:15 AM
  • Posted by Guriqbal Chahal, MBA, PMP

5 Smart Ways to Improve Your Credit Score

Whether you want to buy a house or just get a better rate on your credit card, your credit score will play a big role in how well you do and how much you have to pay.   If you do not know your

  • February 26, 2016 @ 9:16 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Important Steps to Take in Your 30s to Prepare for Retirement

Some adults begin planning and saving for retirement immediately after graduating college and entering the workforce. Others delay retirement planning, believing that they have several decades to save

  • February 10, 2016 @ 2:08 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Can You Afford to Buy a New Home?

If you're throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, it's also imperative to consider whether yo

  • January 27, 2016 @ 12:27 PM
  • Posted by Guriqbal Chahal, MBA, PMP

Great Tips To Pay Off Your Mortgage Early

Are you looking for ways to speed up paying off your mortgage? Most mortgages are taken out for 15- to 30-year periods. However, this shouldn't stop you from paying off your mortgage early if you come

  • January 13, 2016 @ 11:32 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Strategies to Dig Yourself Out of the Debt Hole

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can help

  • October 28, 2015 @ 11:47 AM
  • Posted by Guriqbal Chahal, MBA, PMP

The Benefits of Investing in Income-Producing Properties

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch

  • September 9, 2015 @ 10:42 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Should You Spend the Full Mortgage Amount You're Approved For?

  Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for

  • August 26, 2015 @ 11:31 AM
  • Posted by Guriqbal Chahal, MBA, PMP

Take Advantage of Low Interest Rates - Refinance Your Mortgage Today!

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more.     If you bought your home more than a few years ago, you could probably benefit

  • September 30, 2014 @ 7:10 PM
  • Posted by

2 Out of 3 Do Not Shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expec