Khai Luu

Letter Of Employment For Mortgage Application

Couch and coffee table - Illustration for letter of employment in the blog at khailuu.com. Photo by Terje Sollie: https://www.pexels.com/photo/centerpiece-on-coffee-table-beside-sofa-with-three-pillows-298842/

When applying for a mortgage, we often focus on factors like credit score, income, and down payment. However, one crucial but overlooked component of a successful mortgage application is the employment letter. This document provides proof of income and employment stability, providing lenders with essential information to assess your loan repayment ability. In this article, […]

Mortgage Rates – Here’s Why They Are Different.

Beautiful, bright dinning room. Picture is used as illustration for the blog post "Here's why you're seeing different mortgage rates in Calgary?" on Khailuu.com

Buying a home is an exciting milestone, but navigating the world of mortgages can be daunting, especially for first-time buyers. In Canada, there are several types of mortgages with different mortgage rates available, each with its own features and benefits. Understanding these options can help you make informed decisions that align with your financial goals […]

Mortgage Stress Test: Navigating the Path to Homeownership.

Cozy living room - illustrated for mortgage stress test post

In the dynamic landscape of Canadian real estate, the concept of the stress test has become a pivotal factor for aspiring homeowners. This financial hurdle, introduced to safeguard borrowers and ensure the stability of the housing market, plays a crucial role in the mortgage approval process. In this article, we’ll delve into the intricacies of […]

Title In Real Estate – What You Need To Know.

Beautifully decorated living room. Illustration for "title in real estate - what you need to know" article on Khailuu.com

Title in Canadian real estate refers to the legal right to ownership of a property. Understanding what a title is and its significance is crucial for anyone involved in real estate transactions, whether you’re buying, selling, or financing a property. In this article, we’ll delve into the concept of title, its components, and why it […]