Blog tagged as Down Payment

This week started with quite the surprise announcement by the Federal Government as it was announced that they were making the 'boldest reforms in decades' regarding Canada's mortgage system. The announcement of the two major changes was definitely surprising to everyone as it was ...

When it comes to understanding a mortgage for a self employed individual it is critical to recognize that the core principles of the mortgage remain the same whether you are self-employed or employed as a traditional employee. The process of securing a mortgage for a self-employed individual ca...

If you're considering taking the big step towards homeownership, it's essential to understand what's involved when it comes to your finances. When purchasing a home, you'll need to make a down payment. This down payment is the initial amount of money you pay towards the total purchase price of the h...

The First Home Savings Account (or FHSA) is a government program designed to help Canadians save money for purchasing their first home. It's a special type of registered savings account that allows you to deposit money on a tax-free basis, with the added bonus of earning tax-free income on the inves...

An appraisal plays a crucial role when it comes to securing a mortgage. It provides lenders with an assessment of the value of a property, which helps them determine how much they are willing to lend to a borrower. In simple terms, an appraisal is a professional opinion on the market value of a home...