Did you know that there are different types of mortgages? This will be the biggest purchase of your life, and you want to be sure you're well informed of the options available to you when it comes to financing your new home. There are several different types of mortgages, and depending on your financial situation, some may work better for you than others.
Buying a home is a great investment. With the strong housing market in Canada, now is a great time to start this process. Before buying a home, it's vital to have a financial plan. Some homebuyers purchase a home that is too big based on their budget. Buying a new home is an exciting process that you should be happy about! The best method of preventing mistakes like this and others before they happen is to know what to watch for!
One of the things lenders consider when deciding whether or not you are a good candidate for a mortgage loan is your credit score. Your credit score is a measure of your financial health and shows lenders their level of risk if they lend you money.
You know you’ll need a mortgage to purchase a new home, but do you really need to apply for pre-approval? Yes! A pre-approval is an important first step in the home buying process. [...]