Understanding Mortgage Interest
Understanding Mortgage InterestMaking a home purchase remains to be one of the biggest financial decisions most people make, especially if it is on mortgage. And to be on the safer side, the same scrutiny that is put into deciding which home is most ideal for you is...
Does Mortgage pre-approval mean I am qualified for a mortgage?
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.Securing a mortgage is a daunting task. Because of that, you can’t easily ascertain whether your mortgage will be fully approved or not. If you have been asking yourself whether a mortgage...
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.Purchasing a home ordinarily requires a significant investment. For a great number of first-time home buyers, their savings and monthly remittances are not sufficient for the amount required to...
Should we take money from our RRSPs, TFSAs or both to make a down payment on our first home?
Should we take money from our RRSPs, TFSAs or both to make a down payment on our first home?Are you debating whether to use money from your RRSPs, TFSAs, or both to make a down payment on your first mortgage? Choosing whether to use your RRSPs or TFSAs to purchase...
Disadvantages of the RRSP Home Buyers’ Plan
Disadvantages of The RRSP Home Buyers' Plan The internet is full of information about RRSP Home Buyers’ Plans. There is, however, an information gap when it comes to the disadvantages of the plan. This begs the question: Is an RRSP Home Buyer's Plan a good idea? This...
Most common questions about the RRSP Home Buyers Plan
Most common questions about the RRSP Home Buyers PlanMost people envision becoming homeowners, but this aspiration is faced with several challenges. The biggest hurdle, for instance, has been scrounging enough funds to make a sufficient down payment. In addition, the...
What is the RRSP First Time Home Buyers Plan
What is the RRSP First Time Home Buyers Plan?Homeownership is without a doubt a coveted life goal for most people. It not only perks up the quality of life but can also elevate financial stability. However, with the cost of housing being at an all-time high and...
Adjustable-Rate Mortgage Loans
What Are Adjustable-Rate Mortgages?Adjustable-Rate Mortgages, also known as Variable-Rate Mortgages, are among the most popular housing loans offered by lenders in Canada today. They are preferred by most homeowners because their interest rate is not constant...
Reverse Mortgages
What Are Reverse Mortgages?A reverse mortgage is a loan that allows homeowners to get money from their home equity without them having to sell their homes. Typically, the funds borrowed through reverse mortgages are released in either of three ways; either as a lump...
The Risks and Benefits of a 5% Down Payment
The Risks and Benefits of a 5% Down PaymentA down payment is a percentage of the purchase price that is required to be paid upfront when a buyer intends to secure a home loan otherwise known as a mortgage. Down payment tends to fluctuate depending on the buyer's type...
Understanding Mortgage Interest
Understanding Mortgage InterestMaking a home purchase remains to be one of the biggest financial decisions most people make, especially if it is on mortgage. And to be on the safer side, the same scrutiny that is put into deciding which home is most ideal for you is...
Does Mortgage pre-approval mean I am qualified for a mortgage?
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.Securing a mortgage is a daunting task. Because of that, you can’t easily ascertain whether your mortgage will be fully approved or not. If you have been asking yourself whether a mortgage...
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.
What you need to know about Mortgage Pre-Qualification vs Pre-Approval.Purchasing a home ordinarily requires a significant investment. For a great number of first-time home buyers, their savings and monthly remittances are not sufficient for the amount required to...
Should we take money from our RRSPs, TFSAs or both to make a down payment on our first home?
Should we take money from our RRSPs, TFSAs or both to make a down payment on our first home?Are you debating whether to use money from your RRSPs, TFSAs, or both to make a down payment on your first mortgage? Choosing whether to use your RRSPs or TFSAs to purchase...
Disadvantages of the RRSP Home Buyers’ Plan
Disadvantages of The RRSP Home Buyers' Plan The internet is full of information about RRSP Home Buyers’ Plans. There is, however, an information gap when it comes to the disadvantages of the plan. This begs the question: Is an RRSP Home Buyer's Plan a good idea? This...
Most common questions about the RRSP Home Buyers Plan
Most common questions about the RRSP Home Buyers PlanMost people envision becoming homeowners, but this aspiration is faced with several challenges. The biggest hurdle, for instance, has been scrounging enough funds to make a sufficient down payment. In addition, the...
What is the RRSP First Time Home Buyers Plan
What is the RRSP First Time Home Buyers Plan?Homeownership is without a doubt a coveted life goal for most people. It not only perks up the quality of life but can also elevate financial stability. However, with the cost of housing being at an all-time high and...
Adjustable-Rate Mortgage Loans
What Are Adjustable-Rate Mortgages?Adjustable-Rate Mortgages, also known as Variable-Rate Mortgages, are among the most popular housing loans offered by lenders in Canada today. They are preferred by most homeowners because their interest rate is not constant...
Reverse Mortgages
What Are Reverse Mortgages?A reverse mortgage is a loan that allows homeowners to get money from their home equity without them having to sell their homes. Typically, the funds borrowed through reverse mortgages are released in either of three ways; either as a lump...
The Risks and Benefits of a 5% Down Payment
The Risks and Benefits of a 5% Down PaymentA down payment is a percentage of the purchase price that is required to be paid upfront when a buyer intends to secure a home loan otherwise known as a mortgage. Down payment tends to fluctuate depending on the buyer's type...