When rates start to move up, the obvious cost of borrowing increases as well. Depending on what credit has been extended, an increased rate will likely lead to slightly higher repayment costs.
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Looking at buying a new home, or your first home? There may be some programs, grants or incentives you should know about. Here are a few currently available options and what they might mean for you. First-Time Home Buyers Incentive This is an incentive program specifically for first-time home buyers who have the minimum down […]
If you are in the market to buy a house, the first step you should consider, before walking through any homes, is to speak with a mortgage broker about a pre-approval. This is not a commitment to a lender, mortgage broker or realtor, but a step that allows you to understand what you should be […]
Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate the associated costs of the transaction to make sure you are financially ready. Here is a list of some UPFRONT COSTS to plan for: Mortgage Loan Insurance Premium. Mortgage Loan […]
What is a stress test? Will this affect my mortgage? These are probably some of the questions you might have right now! The mortgage stress test requires lenders to check that you can still make their payment at a rate that's higher than they actually pay - HUH? Here's how it works. ... This means […]
By now you have no doubt heard about Canada’s new First Time Home Buyers Incentive.
But what is it? How does it work? What are the pros and cons? And what’s the deal with the “shared equity” system?
By now you have no doubt heard about Canada’s new First Time Home Buyers Incentive.
But what is it? How does it work? What are the pros and cons? And what’s the deal with the “shared equity” system?
By now you have no doubt heard about Canada’s new First Time Home Buyers Incentive.
But what is it? How does it work? What are the pros and cons? And what’s the deal with the “shared equity” system?
Almost everyone uses credit and having a good credit score is crucial to save money, increase the likelihood to be approved for loans and is key to financial success. Below, we go through what credit is and how your actions affect your credit score. With a knowledge on how to impact your credit score, you can ensure that you have a healthy credit score.
By now you have no doubt heard about Canada’s new First Time Home Buyers Incentive.
But what is it? How does it work? What are the pros and cons? And what’s the deal with the “shared equity” system?
