Mortgage Blog
Everything You Need to Know About Property Tax in Toronto and the GTA
this reason, many lenders require first-time buyers who make a small down payment (<20%) to select this method of property tax payment.under this me
How to Buy a Foreclosed Home in Canada
T consideration will be your budget. you should aim to prepare enough down payment, pay down your existing debt, and correct your credit score before be
12 Mortgage Questions to Ask Your Lender
Ent history. you can also improve your terms by putting down a larger down payment, thereby reducing the risk to your lender.3. how much can i borrow?al
What Is a Sufficient Income to Get a Mortgage in the Present Day?
Ketable and that the borrowers have a realistic exit strategy.size of down payment: the larger your down payment, the better your mortgage terms will be
What’s The Difference Between Pre-qualified and Pre-approved?
Yment (confirming salary, position, and length of employment)proof of down payment through bank statements (some lenders may have minimum down payment r
What is a Multi-Generational Mortgage?
take out the mortgage and the others to contribute funds towards the down payment or monthly mortgage payments. for more information on co-signing a mo
Extended Amortization Explained
E only way to qualify for a longer amortization period is by making a down payment of at least 20%.how does your amortization period affect your mortgag
Top Tips to Save On Your Mortgage
Lare their income in a less than traditional fashion.the size of your down paymentfor any property, there is a minimum down payment you will be required
Is Investment Into a Second Home Still Profitable?
Hat may differ. here are some considerations to take into account:the down paymentone of the most common questions when it comes to second homes is what
Major Differences Between a Co-Signer and a Guarantor
Iving at home or renting in a cheaper area while you save up a larger down payment, build up a stronger credit history, and improve your credit score. i
How to Move Out of Your Parents’ House
Can actually help increase your score over time.start saving up for a down paymenta down payment is the amount of the purchase price of your home that y
What Is a Prepayment Penalty and What Are Your Workarounds?
R it to your new property. you will, of course, still need to pay the down payment on your new home, but porting can save you and your lender a lot of h
