About EricGall

I am an experienced mortgage specialist providing clients with options for all there mortgage needs -- whether its a purchase, refinance or commercial deal I have the tools and lenders available to help them out. I have extensive expertise in the hard to place deals -- self employed, blemished credit or previous bankrupt clients with a higher than average funding ratio for these type of clients. A true one stop shop for all your mortgage needs. Offering the best rates to qualified clients as well as helping others achieve there dream of home ownership or getting out of debt sooner. Based in Moncton with the ability to secure mortgage financing in New Brunswick, Newfoundland, Nova Scotia and Prince Edward Island

Confused About Your Credit Score – You’re Not Alone

Here’s a typical scenario: You and your spouse are applying for a mortgage loan. You’ve had credit for years with three or four credit cards, a car loan and a line of credit. You always pay the minimum obligation, and always on time. Your spouse, on the other hand, doesn’t use much credit, perhaps has [...]

October 3rd, 2018|Mortgage|

Housing Affordability Continues To Erode

New mortgage rules, rising interest rates, and stress tests have definitely cooled housing market activity by making it more challenging for some to qualify for mortgage. An unwelcome consequence continues to be eroding affordability -- as sales activity slows down, house prices have continued to go up, and not only in major urban centres. In [...]

June 19th, 2018|Mortgage|

Pre-Approval or Pre-Qualify – What’s The Difference?

I get this question a lot and I see quite a few clients coming too me saying they have been pre-approved but received a decline when they had an offer on the table. To get a mortgage you basically need 3 things. Those are down payment, income and credit. Here is how this breaks down: [...]

February 21st, 2017|Mortgage|