Gifts & Loans for Down Payment on Homes When buying a home, it can be difficult to come up with the funds for the down payment. NerdWallet Canada’s 2024 Canadian Home Buyer Report, found that "Home buyers are getting help where they can. Referring to their...
Staying in Touch - February 2024 - Learn more about: the Ottawa real estate market, events, mortgage information on Why Should I Open a First Home Savings Account (FHSA)?, Articles: “Why Should You Downsize? And Steps to Take“, “2024 Colour Trends” and “How...
Why Should I Open a First Home Savings Account (FHSA)? What is a First Home Savings Account (FHSA), what are its benefits and how does it compare to a Registered Retirement Savings Plan (RRSP) and a Tax Free Savings Account (TFSA). These are common questions of...
Staying in Touch - January 2024 - Learn more about: the Ottawa real estate market, events, mortgage information on Pre-Approval Requirements, Articles: “Start the Year Off Decluttered & Donate!“, “Selling your home this year? Start the process now” and “Top Renovations & Improvements to Increase...
What are Mortgage Pre-Approval Requirements? Mortgage pre-approval is more that just getting an interest rate quoted in a first meeting or via an on-line tool. A detailed review of your income, debts and credit history are required to ensure confidence with your pre-approval and that there...
Why Should I Get Pre-Approved? Yes you want to find the best interest rate, but you also want to know your budget and be confident that your financing will be approved, once you find your dream home! If you are looking for a new home, be...
Staying in Touch - December 2023 - Learn more about: the Ottawa real estate market, events, mortgage information on Why You should Get Pre Approved, Articles: “Hosting guests this holiday season? Create a space they won’t want to leave“, “How to Save Money With...
Choosing between a fixed or variable-rate mortgage Fixed Or Variable-rate mortgage? High Stakes For Homeowners Choosing between a fixed or variable-rate mortgage has become a high-stakes decision. While variable-rate mortgages lost favor due to Bank of Canada interest rate hikes, fixed-rate mortgages have also risen from pandemic lows. Some borrowers still opt for variable...
Staying in Touch - November 2023 - Learn more about: the Ottawa real estate market, events, mortgage information on fixed or variable rates, Articles: “Finishing Your Basement to Add Value“, “Role of a Real Estate Lawyer When Buying a Home”, “It’s not always about Price,...
Is My Mortgage Portable? Planning to move and wondering if your mortgage is able to move with you? Fixed-rate products usually have a portability option. Lenders often use a “blended” system where your current mortgage rate stays the same on the mortgage amount ported over to the new...