It’s easy to look online for a mortgage rate. But rate is only one aspect of saving money on your mortgage over the long term. It’s so important to also consider the features of your mortgage. Asking about mortgage conditions and features is something many people neglect to do. Be in the know… here are… Read more Mortgage features you should definitely ask about
It’s easy to get caught up in home buying frenzy and just focus on finding that perfect home. During all that excitement, be sure to take some time to get acquainted with a few key terms. Here are four types of insurance for home buyers: High-Ratio Mortgage Insurance If your downpayment is between 5% and… Read more Insurance for home buyers
The most important part of your offer When you find the condo or house of your dreams and want to make an offer, do you need a financing condition? Unless you can pay cash for the home, then yes you do. That little phrase – conditional on financing – is an important protection for buyers.… Read more Conditional on financing
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
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
