New Home Buyer? Here's How To Plan To Save For Your Down Payment.

Saturday Nov 3rd, 2018


Set Your Savings Goal Having a specific number to work toward will make saving easier. Think about the kind of home you’d like to own and neighbourhoods you’d like to live in, and do some research on prices. Engaging with a realtor at this point can help you get a good idea of what’s available and what the trends are in terms of prices. Once you have an idea of how much you want to spend on a home, you’ll need to decide how much of a down payment to aim for. The... [read more]

Understanding Mortgage Terms

Saturday Oct 20th, 2018


For first-time homebuyers, navigating the mortgage world can be quite overwhelming. There are a lot of different terms, concepts and options that can be confusing for anyone embarking on the journey of homeownership. It is Always encouraged you speak in person with a specialist in the field. How much are you able to afford? What sort of benefits are you looking for? What do you want to achieve in the end? Based on your needs, your bank can provide different options, he says. Anderson... [read more]

Seven Important Things to Know about Mortgages

Thursday Oct 11th, 2018


Seven Important Things to Know about Mortgages Type and Term: Most common are Closed Mortgages ranging from 6 months to 5 years; a few lenders have terms up to 15 years. Typically, 6-month and 1-year mortgages can be “Open” or “Convertible”. A true open mortgage can be paid in full at any time without penalty, while with a true convertible mortgage this privilege may have no penalty. Commitment Period: This period protects the interest rate in times of... [read more]