A second mortgage is a very handy option for those who need access to a sum of money for a certain financial obligation and are searching for a loan that can provide them with it. A second mortgage, which is also known as a home equity line of credit (HELOC), is a type of loan […]
Tapping into your RRSP account is one of the most effective ways to receive financing for your first home. To give you a good and thorough understanding of this program, we’ve answered some of your most common questions in this blog. What is the RRSP Home Buyer’s Plan? The RRSP Home Buyer’s Plan is a […]
There are various types of mortgages that Canadian homebuyers have access to when they decide to purchase a property, one of which is the Insured Mortgage (also known as a High-Ratio Mortgage). When a homebuyer makes a down-payment that is less than 20%, they are subject to an insured mortgage which obliges them to purchase […]
One of the major decisions that homebuyers have to make when taking out a loan is whether they would prefer to have a fixed-rate or a variable-rate mortgage. What’s the difference? With a fixed-rate mortgage, the rate and payment you make each month will stay constant until the term of your loan is complete. With […]
The majority of Canadian home-buyers will choose to finance their homes with a lender. Doing so will allow them to pay the cost of their property in installments. When it comes to financing, Canadians have various different mortgage options available to them in their new home purchase. In this blog, we will outline these mortgage […]
Buying a home is one of the most amazing accomplishments you can achieve in life. If you’re in the market for a home, it’s important to understand that the purchase price is not the only cost in the home-buying process. In this blog, we want to shed light on all the hidden costs that come […]
Having healthy financial habits is absolutely necessary in order to achieve many of your life goals such as buying your first home, paying for your education, or even purchasing a car. Knowing that you’ll have the money you need, when you need it, will help you reach your objectives faster and without hassle. For many, […]
A well-planned home renovation can greatly improve the look and feel of your home and can be a strategic way to increase the value of your property. But, before you start tearing down walls and ripping out floorboards, you should take into consideration these 5 financing options that may help you cover the costs of […]
A down payment is your first cash-down on the home price when you make an offer to purchase. Once it is paid, it is subtracted from the purchase price of your home. The remaining cost is subsequently paid-off through your mortgage loan. The amount that you put in for your down payment varies and depends […]
