Buying a home is one of the most important financial decisions that you’ll make in your lifetime and requires a lot of consideration. When you’re ready to buy a home, mortgage insurance is a topic that will come up depending on how much you have saved up for a down...
Since 2018, all home buyers in Canada must undergo a mortgage stress test, regardless of whether or not they have a 20% down payment saved up. This was a major change in Canadian mortgage rules, and there’s been more since then. New rules were added to the stress test...
Before you start dreaming of marble countertops and feature walls, it’s important to know what you’re getting into with your mortgage. This means you should be asking some key mortgage questions before you start house shopping. It can seem like a complicated process...
One common issue for home buyers is the confusion about the difference between pre-qualified and pre-approved when it comes to the mortgage process. Having a mortgage pre-qualification is a good first step but it does not mean you are pre-approved for the loan. A...
It's a new year and you're probably thinking about what you can do differently this year to improve your life. Everyone has goals whether they're personal, professional or financial. Goals that are designed to improve your money situation take a lot of thought and...
When you purchase your first home, the larger the down payment, the smaller your monthly payments will be. Besides that, if you have a down payment of 20 percent or more, you’ll be able to avoid paying a mortgage insurance premium. It can seem daunting to save enough...
Whether you’re buying your first home or looking to move up to a bigger home, there are a lot of steps involved and...
The discussion on whether to rent or buy a home leaves a lot to consider. It’s common to think that it’s always better...
Once you’ve decided to buy a home, the first order of business is to figure out how much you can afford to spend. This...
Are you tired of throwing your money away on rent? Are you ready to save for your dream home (or a starter home) of...
Yes, a home warranty and the insurance policy for your home are both meant to protect homeowners from possible issues...