How to Buy a Home Guide
Buying a home is a fun and exciting time. For most Canadians it’s the single biggest financial transaction of their lifetime. As such, it’s important to do your homework and come prepared. In this guide, we’ll help you do just that by walking you through the steps of buying a home in Canada.
Qualifying for a Mortgage in Canada and the U.S.
Buying a home is a major expense; for most consumers it is the largest financial investment they will make in a lifetime. People that paid for their homes with cash make up the minority of homeowners. Simply put, having ready money to purchase a home is an ideal situation but is out of reach for most people. The path to owning a home more commonly involves qualifying for a mortgage.
How Do Second Mortgages Work?
Second Mortgages in Canada Anyone who has bought a home knows the complicated process of getting a home mortgage to finance the purchase. Assuming all has gone as planned, the homeowner has been living peacefully in the house, making payments on time and building equity. These scenarios are suited for second mortgages, if the homeowner…
Mortgages in Canada – All You Need to Know
If you are contemplating becoming a new owner of an apartment, townhouse, condominium, or a house you are not alone. Get all the answers you need on Canadian mortgages here at Smarter Loans.
How to Get a Home Mortgage Loan with Bad Credit
For many years it wasn’t possible to get a mortgage with bad credit, but that’s changed. Mainstream lenders no longer dominate the mortgage market and even people with bad credit can now find mortgages to buy a home.