Knowledge
Center
Knowledge
Center
Do you have questions about mortgages and the process of getting a home loan? Our team at Ratefair is here to help. We know that figuring out mortgages can be overwhelming, but don’t worry – we’ve got you covered.
We offer a variety of resources to help you learn about the mortgage process and find the right loan for your needs, including articles, guides, and videos. And the best part? It’s all free!
We want to make sure you feel confident and informed as you explore your options, so don’t hesitate to reach out to us with any questions or concerns. And if you want to stay up-to-date on the latest news and updates from the industry, be sure to subscribe to our newsletter. We’re here to help, so don’t hesitate to take advantage of our resources
Mortgage Minutes
More About Mortgages
The 5 Traditional Sources of Down Payment
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.
What to Consider Before Renewing Your Mortgage
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.
Five Things Every Homeowner Should Know About Property Taxes
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.
The Benefits of a Cash Back Mortgage
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.
Using Your RRSP for a Down Payment as a First-Time Homebuyer
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.
What Are Closing Costs?
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.
