Cash Back mortgages were once available for you to use as down payment. Sometime after 2010 when CMHC started all of their major changes this practice was discontinued. While cash back mortgages still exist they are now restricted on what they can be used for during your purchase. Cash back mortgages work like this: First […]
How Cash Back Mortgages Can Help With Home Expenses Read More »
Let’s start off with the scenario that when you get your mortgage from a bank employee that they are just that a Bank employee. Their job is to ensure the best deal for the bank as they are paid either by salary or commission. If they are paid on a salary then what do they
Mortgage Broker versus Bank Employee — How to Get a Better Mortgage Deal? Read More »
One of the first steps in buying a new home is to take a realistic look at what you can afford and how you are going to pay for it. If you are like most people, you will probably have to finance your home purchase with a mortgage loan. What follows is an explanation of
Your Step-by-Step Mortgage Guide Read More »
While it’s possible for consumers to directly access some private mortgages, most borrowers looking for these types of funds go through a mortgage broker who has connections to a wide variety of private mortgages and investors. To find a mortgage broker, try asking for recommendations from other real estate investors or check with your bank
How to get a Private Mortgage Read More »
One of the greatest steps to financial security starts buying saying good bye to your land lord and start building equity in your first home. How does one get started on the path to becoming a first time home buyer in Canada , first step is knowing where your credit stands because the first thing
First Time Home Buyers — How to Start Building Equity In Your First Home Read More »
The decision to leave what you know behind, move to another country, and start a new life is a big step. But, that’s just the beginning. As a newcomer to Canada, you’re ready to take on what I consider the next (and most exciting) step, which is finding a home. There are many resources out
New To Canada Program Home Buying Help for New Canadians Read More »
Everyone who has a mortgage at some point in time has had to renew. If you have been fortunate enough to actually have paid it off, congratulations. At renewal time, your lender (whether it’s the bank or a trust company) have fulfilled their term obligation and are looking for your business again for the next