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Posted by: Jack Dawson
Five Things to Know Before Purchasing a Rural Property . Buying a rural property can be appealing to a lot of people. Whether you’re looking for more land for your dollar or want to get away from the city, buying a rural property can be appealing for many people. However, there are a few […]
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It never hurts to see where you stand when it comes to buying a home, and a mortgage specialist will let you know what you can qualify for, or what you’d need to qualify for the home you plan to purchase. Outlined below is the entire process broken down into six steps. STEP ONE: Not […]
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When determining the size of a loan a lender will fund, it’s not only the amount of income that a homebuyer takes in that makes the difference but how it’s qualified. Income can come in many forms, so here’s a quick guide as to what to expect to show when applying for a mortgage. Occupation […]
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There are several benefits available in Canada for home buyers, given the home buyers and subject property meet the criteria required for each benefit. Below are the four means available to possibly help in the purchase of a first property. Home Buyers’ Plan Up to $35,000 can be borrowed tax-free from your RRSP to […]
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When saving for a home, it’s important to understand all the out-of-pocket costs involved in the purchasing process. Below, I’ve highlighted costs to expect, although not all of them are always applicable. Down Payment This is the well-known primary cost, but many people aren’t aware of the specifics involved. If the home is not owner-occupied, […]
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A mortgage broker is a licensed professional who can secure financing for clients. Their role is to act as an intermediary between a client and a lender. Their services don’t cost anything for a client, since they run on referral fees paid by the lender after a mortgage closes. At the same time, they generally […]
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