First Time Home Buyers Get Support With FHSA
First Home Savings Account (FHSA) The Canadian Federal Government has set out to help first-time home buyers achieve their goals. While mortgage rates and the prices of homes have continued to rise, many Candians seeking to buy their first home are in need of financial support. The good news is that the FHSA, a new … Continued
The Niagara Region Homeownership Program
Homeownership in the Niagara Region 2022 has been a difficult year for many Niagara residents who are trying to achieve homeownership. In many cases, homeownership is out of reach for many people in Niagara as the prices of homes go up while wages stay stagnant. So what are Niagara residents to do in this day … Continued
Accelerated Mortgage Payments Make a Difference
Know Your Options Determining your payment frequency type is essential when solidifying your mortgage plans. Knowing all of your options can have a major impact on your long term payment strategy and the overall cost of your mortgage. This is when hiring a mortgage broker that you can trust comes into play. Payment Frequency Types … Continued
Plan For Your Closing Costs
Plan Ahead It’s common for a first-time home buyer to overlook their closing costs when budgeting for a home purchase. We’re aware that we’ll need to put down a deposit on a home, but there are also a number of mandatory closing costs involved to make it official. From land transfer taxes to legal fees … Continued
Should You Be Considering Alt-Lending Options in 2022?
Why are many Canadians considering alternative lending options? Alternative Lending (alt-lending) is a quick and convenient solution for many Canadians looking to purchase their first home in 2022. While traditional banks have strict requirements and long application processes, alt-lenders can typically provide loans much quicker and easier. Acquiring loans for mortgages and refinancing from traditional … Continued
Should first-time homebuyers in Niagara be concerned about Mortgage Default Insurance?￼
If you haven’t heard of Mortgage Default Insurance before and you’re a first-time homebuyer in Niagara, don’t worry, you’re not alone and I’m here to help explain what this is. Mortgage Default Insurance is often overlooked but can have a major impact on the overall cost of your mortgage. This type of insurance protects the … Continued
Why Are Canadians Considering Refinancing in 2022?
The last two years of the pandemic have significantly shifted the economic landscape of the real estate industry in Canada. While the prices of homes have seen dramatic increases and decreases, so too have mortgage rates. These monumental economic shifts haven’t only been seen in the real estate industry – but also in other markets … Continued