Mortgage Blog
Pros and cons of 5% and 20% down payments
Tgage terms, and long-term financial stability between a 5% and a 20% down payment. while a smaller down payment has the appeal of getting into the hous
Common Home Buyer Questions and Answers
Me home buyers?should i get pre-approved?how much should i save for a down payment?what happens if i change my mind about a home?should i buy instead of
Changes for Insured Mortgage Rules December 2024
R 2024historically, 30-year mortgages were reserved for buyers with a down payment of at least 20%, or for those who were both first-time homebuyers and
Mortgage for a Luxury Property in Canada
S of securing a luxury mortgage in canada, including key factors like down payments, credit requirements, and unique financial considerations for high-v
What Is Happening to the Pre-Con Market in Toronto & the GTA in 2024?
Ng at reasonable prices. condos often are cheaper and require smaller down payments than town houses or detached homes. additionally, they are easier to
Understanding CMHC Insurance Rules and Requirements: A Comprehensive Guide for Canadian Homebuyers
against mortgage default and enables buyers to purchase homes with a down payment of less than 20% (and as little as 5% down). this insurance is mandat
Can I Buy a House in Canada if I Live in the US?
Residents / citizens. you also may be required to contribute a higher down payment (35% compared to 20%, etc.) than your canadian peers.it is also impor
Turned down for a mortgage by your bank? why it happened and what to do next
Ng debt can significantly impact your mortgage eligibility.inadequate down payment: not having enough saved for a down payment can lead to rejection.pro
Will Real Estate Be Affordable in Canada in the Next 5 Years?
Y the time an average canadian is able to save enough money for a 20% down payment, the house price would have already exponentially increased.another t
B Lender Mortgage in Canada: Pros and Cons
Iated with b lender mortgage loans:higher interest rates and required down payment: current b lender mortgage rates are typically offered at 1%- 2% high
Comprehensive Guide to Getting a Mortgage
many factors to consider, such as interest rates, credit scores, and down payments, it's easy to feel overwhelmed. but what if we told you that ge
Exploring the Rise of Accessibility in Private Mortgages During 2024
affordability. for example, changes to mortgage stress test rules or down payment requirements can impact homebuyers' ability to qualify for mortg
