Everyone’s dream is to one be the proud owner of a home, however, that dream can quickly turn sour if first time home buyers do not know what they are getting into. Buying a home takes time, patience and sometimes luck. Before going for it and signing off on all the paperwork, read up on…
A major question that keeps resurfacing today is “Should I Rent or Buy?” The answer, however, is not as simple because it truly depends. Most people find this as a no-brainer and go with buying because real estate is a good investment that has potential for high return. Although we have record-low interest rates, high…
Whether you decide to purchase a quaint country home or a luxurious downtown condo, buying a home will probably be the biggest investment of your life. Before you get the keys, you must first do the research and paperwork to secure financing for this expensive purchase.There is so much to think about when mortgage shopping,…
People have always been buying houses so many people think it is easy to get a mortgage. In reality, it isn’t as simples as walking into a bank and asking for a loan so you can go buy a house. The mortgage process has several steps and could take some time. Here are 5 things…
CMHC will no longer insure self-employed mortgages without income validation. So this is obvious now that self-employed people have better chances to get mortgage using mortgage brokers than regular lenders such as banks. It is extremely hard to navigate which lenders specialize in self-employed mortgages or have more favorable terms for the self-employed. Mortgage brokers…
2014 is almost half way over but do not fret, it is not too late to implement some changes to aid your mortgage. Keep organized and you can still obtain as good mortgage deals. Here are 7 mortgage tips for the rest of 2014. Due to the new mortgage regulations implementing in 2014, lenders are extra…
Mortgage default insurance, also known as “mortgage insurance” helps Canadian buy a home sooner and with a lower down payment. It protects lenders against any loss caused by unpaid payments, or a property sale that does not generate enough money to pay the outstanding balance. According to The Financial Post, starting May 30th, 2014, Canada Mortgage and Housing…
Mortgage can bring a hurricane of questions and troubles for home buyers. The Globe and Mail recently put up the question of “Should you get pre-approved for a mortgage?” Let’s break everything down and take a look. You’ll get an idea about the price range you should aim for during your househunting. By knowing how…
Meet Evan and Violet. They are married, 27 and expecting their first child. They also both have good jobs and unfortunately and a big mortgage. They have big and expensive plans for the future. They want to raise three or four children and especially save money for their university educations. However, Violet plans to quit…
There have been numerous reports suggesting the current economy is making it hard for Generation Y to purchase their own property. While it is true for the most part, some milennials are winning the game. While most people in their 20s spend their income for social pleasure, one young adult in Toronto is taking life…
