If you’re thinking about buying a home, it’s important to first determine how much you can comfortably afford to spend. Before granting you a loan, your financial institution will take...
Your mortgage payment consists of two main components: 1) Principal and 2) Interest. Together, they make up the money you’re obligated to hand over to your lender every month to...
Buying a home is a wonderful milestone that takes a lot of planning and consideration to ensure you can comfortably afford to make the transition to homeowner. One of the...
The influx of information you’re faced with when purchasing a property – especially as a first-time home buyer – and then examining all your mortgage financing options can definitely feel...
By Loans Canada With the high cost of homes in most major Canadian cities, becoming a homeowner as an individual can be expensive and even unreasonable in many cases. This...
An amortization period refers to the entire length of time it takes to pay off your mortgage in full. The most common amortization is 25 years, as this is the...
Deciding on a payment structure for your mortgage loan is an important endeavour that requires some research. You want to ensure you’re paying your mortgage down as quickly as possible...
The renting vs owning debate has played out in your head. You’re ready to take the plunge and qualify for a first-time home buyer loan. You have a down payment...
As a homeowner, you possess an extremely valuable asset – the equity you’ve built up in your home. Home equity represents a higher level of financial security and stability and...
Having tools available to help save for your down payment can mean the difference between buying your first home now or waiting until you have enough money in your savings...
An amortization period refers to the entire length of time it takes to pay off your mortgage in full. The most common amortization is 25 years, as this is the...
Deciding on a payment structure for your mortgage loan is an important endeavour that requires some research. You want to ensure you’re paying your mortgage down as quickly as possible...
Your mortgage payment consists of two main components: 1) Principal and 2) Interest. Together, they make up the money you’re obligated to hand over to your lender every month to...
There are several reasons why you may consider refinancing your mortgage. The most popular ones include taking equity out of your home to consolidate debt, fund renovations, or purchase another...
At the end of the day, we all want to enjoy our lives, right?! Well, why not take advantage of today’s low interest rates and the money you’ve stashed away...
You’ve worked hard for the assets you own (investments, cash, property, etc.) that your family members will inherit after you pass. It would be normal and expected for you to...