Explore the various benefits of hiring a realtor when buying a home. A realtor can provide valuable insights, reduce stress, save time and money, and help you avoid costly mistakes. Let a professional guide you through your home buying journey.
Explore the five traditional sources of down payment acceptable by mortgage lenders in Canada. Learn how to correctly document your funds from savings, family gifts, personal asset sales, inheritance, and RRSP withdrawals.
Discover important factors to consider before renewing your mortgage. Evaluate your financial situation, explore different mortgage options, start shopping early, secure a favorable rate, and understand the process of switching lenders or refinancing. Make informed decisions for a beneficial mortgage renewal.
Learn the five essential things every homeowner needs to know about property taxes. From payment schedules and penalties to working with mortgage lenders and understanding tax liability, this guide provides valuable insights to help you navigate this crucial aspect of homeownership.
Consider a cash back mortgage to help ease into home ownership without crippling yourself financially. Receive a lump sum of cash from your lender that can be used right away and is tax-free. Learn the benefits and things to consider before choosing this type of mortgage with our guide.
Learn how to use your RRSP for a down payment as a first-time homebuyer with the Homebuyers’ Plan (HBP). Borrow up to $35,000 from your RRSP and repay it within 15 years with no tax implications. Consider the pros and cons, including RRSP returns and housing market conditions, before participating in the program.
Don’t let closing costs catch you off guard when buying a home. Learn about the different types of closing costs and how to budget for them in this comprehensive guide.
Learn how to navigate the logistics of shared mortgages and homes during divorce or separation. Discover options and tips, including refinancing, assuming the mortgage, keeping everything the same, or selling the property, to help you make the best decision for your financial stability going forward. Be proactive and take control of your financial situation during this difficult time.
Understand the difference between pre-qualification and pre-approval when securing a mortgage for your first home. Learn the process and benefits of each step to make an informed decision.
When choosing between a fixed-rate and variable-rate mortgage, it’s important to consider your personal and financial situation. Fixed-rate mortgages offer…
