There are many terms you will hear during your mortgage process. Some terms will be straight forward and other terms may not be. Here are three important mortgage terms you should know. They are prepayment, porting and assumable. Prepayment, Porting ...
Saving for a down payment can be challenging. A new CMHC first time home buyers down payment loan, to assist towards your down payment, is launching soon. Learn more about the new CMHC down payment loan here. CMHC Down Payment Loan The ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
