To purchase a home, you’ll always be required to make a down payment of at least 5%. Many people reach a fork in the road when it comes to facing a down payment, but there are ways to successfully afford that down payment if you take the necessary actions. There are 5 down payment mortgage …

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For most potential homeowners, things can seem pretty straightforward until they get to the point where they start mortgage shopping. With all of the different terms and applicable rules surrounding them, it’s normal to experience confusion. When you’ve thought you finally got a good grasp on what mortgage you might want, a mortgage lender might …

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If you’re not a financial expert in the mortgage industry, it’s easy to get confused about all of the dozens of different terms out there when it comes to homeownership. Along the way, you might have heard about getting a line of credit for a mortgage. What you might not have heard is that you …

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In the majority of cases, buying rental property turns out to be a good decision. There are some other factors involved, but land typically goes up in value the longer you hold onto it. If you’re buying a house to rent out, the rent will pay for the mortgage and the house will increase in …

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Getting qualified for any type of large purchase will usually bring some fulfillment to the buyer. Being finally approved to purchase a home or a vehicle can be a tedious process, and it’s important to know what information a lender will use to make their calculations. GDS VS TDS might be brought up when you’re …

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With all of the many different types of mortgages in Canada, it’s no surprise why some people might get confused on which one to select. If you’re currently doing some research on mortgage options, you might have seen a conventional mortgage or high-ratio mortgage floating around the internet. What is a high-ratio mortgage? This question …

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Many people have never had to deal with a lien before, so it’s natural to not even know how to spell it or say it properly. Lien sounds the same as how you would say lean or mean. Some also say it as a two-syllable word, like LEE-uhn. Neither way is wrong. Now that you …

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Signing on the dotted line for your first mortgage agreement can sometimes be intimidating. There are some questions to ask a mortgage lender that you need to be aware of so that you’re fully informed on everything that the mortgage entails. Mortgage rates are one of the mortgage questions that should be on your list …

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Canada mortgage trends can differ from year to year depending on the financial climate and many other things. One factor that had a huge impact on the mortgage industry is the COVID-19 pandemic. In addition to having an effect on mortgage rates, it also created a lot of salary cuts and job loss in many …

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When people are browsing the real estate market, they might hear that it’s a buyer’s market or a seller’s market, among many other complicated terms they probably haven’t heard of before. Is it a good time to buy a house? This question is probably the number one question that real estate agents hear from prospective …

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