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CMHC First Time Home Buyer Incentive

CMHC First Time Home Buyer Incentive

June 18, 2019 | Mortgage News

This past Monday, the government shared the details of the new CMHC first time home buyer incentive.  The incentive can help home buyers towards the down payment up to 10% of the price of a home.   CMHC First Time Home Buyer Incentive   If ce ...

CMHC defends the mortgage stress test

CMHC defends the mortgage stress test

June 13, 2019 | Mortgage News

The CEO of CMHC (Canadian Mortgage and Housing Corporation) strongly defends the mortgage stress test.  This comes at a time when there are calls for the stress test to be changed.  The CEO feels that the stress test is, “doing what it is suppose to do ...

lowest Ottawa mortgage rates fall 2 year low

Ottawa mortgage rates fall to 2 year low

June 12, 2019 | Best Mortgage Rates

Ottawa mortgage rates fall to 2 year low. Fixed mortgage rates and variable mortgage rates in Ottawa have become more favourable. This due to the cost for lenders is currently being lower. Prices of homes are quite high in Ottawa and the rest of Canada ...

review your finances before you buy a home

How to Review your Finances Before You Buy a Home

One of the largest purchases you make will no doubt be buying a house.  Before you embark on this journey, it is important to review your finances and know that your finances are in order.  Here is how to review your finances before you buy a home. ...

pre approved for a mortgage

3 things to avoid once pre approved for a mortgage

When looking to take the right steps to not only get pre approved, but to stay pre approved or approved for a mortgage in Ottawa, here are top three things to avoid.   3 things to avoid once pre approved for a mortgage   Late payments on debt ...

How to build your credit score

How to Build Your Credit Score

Credit scores range from 300 to 900 and they help lenders, banks, landlords and more determine your creditworthiness.  It is important to maintain a healthy credit score.  Here are some tips to build your credit score.   Build Your Credit Score ...

down payment on a house ottawa

Down Payment on a House in Ottawa

One of the biggest challenges facing buyers looking to buy a home or investment property, is saving for the down payment.  Learn more here about the down payment on a house in Ottawa.   Down Payment on a House in Ottawa   Your down payment ca ...

five Cs of credit

The Five Cs of Credit

The mortgage process can sometimes be a little confusing or overwhelming. In addition to your personal finances, mortgage rules and lender guidelines are always changing.  However, focusing on the five Cs of credit can help. There are five key areas th ...

ottawa first time home buyers

Ottawa First Time Home Buyers

May 18, 2019 | First Time Home Buyers

Ottawa First time home buyers, there is no doubt that buying a house is a large commitment. Here is some information to assist Ottawa first time home buyers.   Ottawa First Time Home Buyers   Asking Yourself the Right Questions Ottawa first t ...

first time buyer more than once

You can be a first time buyer more than once

May 18, 2019 | First Time Home Buyers

There are some great perks to being a first time buyer with the Home Buyer’s Plan (HBP).  For example, borrowing up to $35,000 from your RRSP without penalty.  However,  you may not know that you can be considered a first time buyer more ...

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