Looking to Invest in the Housing Market? If you’ve been looking to start investing in the housing market, there are somethings you’ll need to know first. If you’re just starting out, there’s a chance you’ve probably heard of the Mortgage Stress Test. This test determines how your mortgage and finances might be affected by any […]
The Mortgage Stress Test Read More »
First-Time Home Buyers This month is First-Time Home Buyers Month, the Incentive helps people across Canada to purchase their first home. This program offers 5 per cent and 10 per cent off of the home’s purchase price, to put toward a down payment. The program will lower your mortgage carrying costs and makes homeownership more
First-Time Home Buyers Month Read More »
The bottom line is this, despite the new mortgage stress testing, which took effect on January 1st this year, you can still buy a home! What’s this stress test? Stress testing is a best practice risk management tool. Stress tests are used by financial institutions to gauge how their business would fare under extremely difficult
Buying a Home in Canada in 2018 Read More »
Canada Mortgage and Housing Corp. has declared that they will be tightening up the types of mortgage insurance it will offer. The Crown corporation said Friday that it is going to stop offering mortgage insurance on second homes. It will also stop offering mortgage insurance to self-employed people whose income cannot be validated through traditional
Major Changes to Mortgage Insurance for Second Home Buyers Read More »
Unless you have a wad of cash just sitting around, chances are you’re going to need to borrow money from a lender to buy a house in Burlington. Getting a mortgage pre-approval is usually the first step and is very beneficial because it shines light on how much you can afford, ensuring that you’re not getting into
Tips for Getting Pre-Approved for a Mortgage Read More »
