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Buying Your First Home
Welcome to January! For many, this is the time to kickstart new resolutions to get back to fitness. While you may be doing a physical work out, why not apply the same strategy to your finances? When the time is right for you to buy a home, make sure you are financially fit and eligible for… Read more Financial fitness for the best mortgage rate
It’s back! Your house is an important investment that you want to keep in tip-top shape, especially if you are planning to be there for the foreseeable future. It’s also your home, which means regular winter home maintenance is necessary to ensure your family’s safety and ongoing enjoyment. Winter can be the most gruelling season… Read more Winter home maintenance tips
Purchase or refinance now before rules change If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for residential… Read more Mortgage stress test rules change January 1st
Getting your down payment might be easier than you think! For many first-time homebuyers, saving the 5 per cent down payment is one of the big obstacles to home ownership, especially if you’re paying rent, paying down student loans, and trying to live a life. Here are some programs and tips that can give your… Read more Give your down payment a boost
Many homebuyers looking at older properties find themselves in a common predicament: they’ve found a property that suits them, but it needs some costly and immediate upgrades. Good news. If you want to buy and renovate, we’ve got a mortgage that will keep you financially afloat! A ‘Purchase Plus Improvements’ mortgage adds the cost of… Read more ‘Purchase Plus Improvements’ mortgage
Qualify for a mortgage – 5 ways to increase success Yes, new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage with a new lender. That’s why you should get yourself mortgage ready well in advance. Here are 5… Read more How do I qualify for a mortgage?
RRSP Home Buyers’ Plan Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the federal RRSP Home Buyers’ Plan lets you access tax-free monies for use towards the purchase or even construction of… Read more Use RRSP for first home purchase