It’s almost too good to be true, but that’s what we love about our business; we get to help people realize their home buying dreams, and do it in a way that saves them a lot of time, money, and confusion.
Ever since the start of the year when the coronavirus first started to become an issue, the Government of Canada bond yields have been on a downward trajectory. As a result, fixed mortgage rates fell off a cliff in January and February. A lot depends on how the coronavirus situation plays out and how quickly health officials can get it under control, but this is how I see things going if coronavirus is under control by the summer (hopefully a lot sooner).
Finding ways to save for a down payment is a normal part of the process of purchasing a home. The majority of home buyers secure financing to make what is probably the largest purchase of their lives. Here are 10 practical ways to save for a down payment!
Homeownership is something many Canadians dream of. A place to call your own. With high housing prices, this goal may seem unattainable but there are some steps you can take to help you get there. If buying a house in 2020 is on your bucket list, here are the steps to prepare you.
In a perfect world, you find a house you love, you buy it, and live happily ever after! If only house hunting was as fast and easy as a transaction at the mall. Buying a property is a process that requires time, money, energy, and a qualified team to help you navigate the journey. To help you build your team and prepare for a house purchase, here is what you need to know!
Buying a house is a big step. It’s expensive, time-consuming and stressful. But when everything is said and done, it can be one of the most rewarding experiences in your life. Having a partner to navigate this experience with you can be a blessing with the proper planning and communication. Here are 4 things to discuss with your partner before buying a house together.
On January 1, 2018 the Canadian government applied new guidelines to the Mortgage Stress Test (MST). Basic requirements were already in place for borrowers who put less than a 20% down payment on their home mortgage loan. With the new test guidelines, all conventional mortgage loan borrowers became subject to the new revisions regardless of the down payment amount. The changes included a number of other stringent rules for federally governed lenders to approve mortgages.