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
Debt-to-Income Ratio and Why it Matters
What is a Debt-to-Income Ratio? Your debt-to-income ratio (DTI) is a numerical representation indicating how responsible you are with your finances and is used to determine the amount of risk you pose as a potential borrower. This means that lenders will be able to assess your debt load, income and history of debt repayment by … Continued
Why Get a Reverse Mortgage?
What is a reverse mortgage? A lot of people have heard about reverse mortgages before but are unaware of how they actually work. A reverse mortgage is a unique product that does not require monthly payments or a downpayment up front and the good news is that there is no catch. The alarm bells must … Continued