Tag: mortgages
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5 Mortgage Approval Roadblocks
When in the process of buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”.
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Getting Your Down Payment Down
A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered your stake in the deal.
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Are You Ready for Home Ownership?
While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready – perhaps even earlier than you thought! In fact, there are four main things that can help you…
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Truth Bombs: The Reality of Mortgage Penalties
When it comes to mortgages, rates aren’t the only thing that matters. With approximately 6 out of 10 mortgages being broken within the first 3 years, it is important to understand the reality of mortgage penalties.
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5 Things to Consider When Building Your Own Home
Building a home can be an exciting adventure and is the ultimate way to customize your home. You can purchase a new home from a builder, or do a complete custom build. Regardless of which path you choose, this journey isn’t always easy – to ensure the best possible experience, here are 5 important things…
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Should First Time Home Buyers Continue to Rent?
Housing prices have been climbing quickly. This is especially true in major urban centres where most Canadians live. The rate of increase for the average sale price appears to be climbing faster than people are able to save.Some Canadians see the dream of homeownership vanishing, others wonder if the choice to own is appropriate for…