by Frances Hinojosa | Sep 18, 2020 | Blog, Finance, Homeownership, Mortgage
One of the most challenging obstacles to homeownership is saving enough money for a down payment. Thankfully, mortgage default insurance provides a break to homebuyers that enables you to put less money down. The minimum down payment required to purchase a...
by Frances Hinojosa | Sep 4, 2020 | Blog, Homeownership, Mortgage
Both a home appraisal and an inspection are important steps within the home buying process, so it’s well worth your effort to distinguish the differences between them and learn how they can both be used to your advantage to uncover detailed information about a...
by Frances Hinojosa | Aug 14, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Your credit rating affects all aspects of your financial activities when it comes to borrowing money, as it helps lenders determine the level of risk associated with lending money to you. If you have a solid credit score, lenders believe you’re more likely to make...
by Frances Hinojosa | Aug 7, 2020 | Blog, Economy, Homeownership, Mortgage
Canadian seniors who are feeling the financial effects of the COVID-19 pandemic are showing interest in reverse mortgages as a way to stay in their current homes. With a reverse mortgage, Canadians aged 55+ can borrow funds against home equity. No payments are...
by Nick alafogiannis | Jul 24, 2020 | Blog, Homeownership, Mortgage
If you’re thinking of buying your very first home, one of your biggest concerns is likely centred around how much money you need to have set aside for your down payment. And this can, no doubt, seem extra nerve-wracking when you haven’t yet done the math. The minimum...
by Frances Hinojosa | Jun 19, 2020 | Blog, Finance, Homeownership, Mortgage
Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
