Mortgage
The joint mortgage is pretty common in Canada and continues to grow in popularity. But why? As the cost of housing in Canada surges to new highs, many are being shut out of the real estate market; they are unable to secure affordable housing or build wealth. In many cities, the income and down payment […]
Should you co-sign a mortgage loan? In the last twenty years, home prices have risen a staggering 375% across the country, on average. In some cities, that requires a six-figure down payment. Canada’s housing crisis is making it even more difficult for people with good credit and gainful employment to access affordable housing. More Canadians […]
If you conduct an informal survey of recent homebuyers, you’ll likely hear two different things about their real estate agent. They’ll generally answer with, “My agent was the best!” or “My agent was terrible.” Those two answers really show how important it is to find the right real estate agent. As a matter of fact, […]
Before you start house-hunting, first you need a mortgage pre-approval. It might sound a little backwards but there’s a reason you need one before you do anything else. Applying for a mortgage pre-approval is like asking your lender to go steady. It’s kind of a big deal. If you want a mortgage lender to swipe […]
Buying your first home is a huge milestone worth being proud of. For many Canadians, owning a home is a big life achievement that comes with many incredible benefits. Homeownership allows you to build home equity, so it’s a great way to build personal wealth. Besides, it gives you the pride that comes with owning […]
Choosing between fixed and variable mortgages is a decision that will affect you for many years to come, so it’s best to take your time to understand the pros and cons of each option. Making the right choice can help you save money in the long term and meet your goals. In this article, we […]
Mortgage payments are like clockwork – they’re always due on the same day each month and go on forever. Well, not forever, but its sure does seem like it. Your mortgage is likely your most significant expense and a decades-long commitment to boot. Like many homeowners, you may have pondered how you can save some […]
Becoming a homeowner for the first time is a rite of passage into adulthood. It is an incredibly exciting stage in life. But it can also be incredibly overwhelming. One thing is for sure, you need a downpayment. But how much? And can you afford it? Thanks to the Canadian Mortgage and Housing Corporation (CMHC), […]
If you’re a mortgage holder, you’re fully aware of the costs and commitment involved. You’ll typically spend at least a couple of decades servicing the debt payments and racking up hefty interest charges along the way, which could probably buy you a luxury vehicle or two when added up. A mortgage is, single-handedly, the most […]
While moving to another province with no money is technically possible, packing up your entire life and moving it across the country can be quite expensive. Whether moving for a job or just a change of scenery, you’ll want to keep costs low. Fortunately, there are many ways to move on a budget while still […]
For individuals and families looking to buy a home in the United States, FHA mortgage loans provide an option that is backed by the government and allows Americans to buy a house with a down payment as low as 3.5%. Canadians, on the other hand, can make use of a similar scheme known as the […]
There are lots of things you can DIY, but is selling your home one of them? There are many important things to learn when you’re thinking about selling your home without the help of a licensed real estate agent. Before you jump the gun and put up that for sale by owner sign in your […]
