Below you'll find a list of all posts that have been tagged as “down payment”
Are you looking for a mortgage, but aren’t sure the difference between uninsured mortgages or an insured mortgage? Well, you’re in luck, because this blog post will give you all of the information. I will chat through insured vs uninsured mortgages, who the insurance protects and how it’s different from home insurance. Insured vs uninsured mortgages. When you receive …
As a first-time home buyer, you are probably interested in knowing how you can use your RRSPs to pay for your home. Well, I am here to tell you! In this blog post, I’ll share all the details on RRSPs and how to access those funds. Let’s jump right in. First time home buyers plan. If you’re a Canadian, …
Receiving a financial gift is a fantastic way to help secure a down payment. But, there are some important steps to follow. In this blog, I’ll go through everything you need to know about gift letters in Canada in 2022. Let’s get started! What is a gift? A gift is an amount of money that is gifted to you …
Qualifying for a mortgage in Kelowna is possible and within reach for you. When it comes to qualifying, finding a mortgage broker near you and securing your perfect home, I’m here to help! In this blog, I’ll go over some frequently asked questions (FAQs) about qualifying for a mortgage in Kelowna. 1. Where can a down payment come from? …
You’re ready to buy the house of your dreams. You have a house you want to put an offer on, you’re ready and you’re excited. But, first, we have to make sure you have your mortgage down payment right and that it’s enough. Banks are very specific on what they want to see for a mortgage down payment, depending on …
Getting pre-approved for a mortgage before you head out and look for houses is something I highly recommend. It will enable you to know the price range you should be approved at when you make an offer on a property that you love. Going into looking for a property blind, without knowing your approval rating, could set you up to …
In this post I am going to talk about mortgage bridge loans, used for buying another property before your current property sells. We’ll cover what bridge loans are, and the difference between purchasing a home with and without a bridge loan. Let’s get started! What is Bridge Financing in Canada? In Canada, bridge financing means acquiring a loan that’s …
You’ve been thinking about adding a second property to your real estate portfolio. You have the idea that with your second property, you’ll move into that one, have it become your owner occupied and then rent out your first home. Kudos to you! This is an exciting opportunity and with the right mortgage broker on your side, this adventure is …
Qualifying for a mortgage is a big process. A lot of information is gathered and a lot of it relies on everything staying the same during the qualifying time. Many people don’t know that a simple thing like purchasing a new car can wreck a whole mortgage qualification! But, sadly, it can and I’ve seen it happen a time or …
While there seems to be a virtually endless supply of real estate listings available when you’re searching for your perfect place to call home, finding the right property that meets both your functional needs and your budget is not always an easy task. You may find a house with the perfect layout in your ideal neighbourhood, but the interior needs …
