Jan 3, 2020 | Home ownership, Mortgages
Mortgage default insurance is mandatory in Canada for down payments between 5% and 19.99%. It protects lenders in case a borrower defaults on their mortgage loan.
Dec 20, 2019 | Home ownership, Investing
We understand that investing in RRSPs, mutual funds, TFSAs, and so on, makes sense for some people. However, you may missing out on a huge opportunity.
Sep 20, 2019 | Home ownership, Mortgages
If you’re looking to buy your first house—or your next house—it’s a good idea to plan ahead and consider all the costs associated with buying. Your closing costs represent the things you’ll pay for out of your pocket, as well as the amount of money necessary to...
Jul 19, 2019 | Home ownership, Mortgages
Before approving you for a mortgage, a lender will typically review 4 areas of your mortgage application: Income Credit Down payment/equity The property itself So if you already own a home, and you want to upsize, downsize, or renovate, or you want to purchase a...
Jul 5, 2019 | Home ownership, Mortgages
Most home buyers apply for a mortgage for the price of their new home. Later, if they want to build an addition, or get new cabinets, or build an ensuite, they need to come up with a second source of financing. But did you know that there’s a way to get a mortgage...
Jun 21, 2019 | Home ownership, Mortgages
You may have read the title to this article and thought “I’m a long way off from retirement”, but you might be closer to retirement than you think, and a good mortgage can certainly help you along the way.