Why Should I get a Mortgage Pre-Approval

Why Should I get a Mortgage Pre-Approval

A mortgage pre-approval can be an important part of your pathway to building wealth, giving you a real-world picture of your options: that is, your opportunities as well as your limitations. A mortgage pre-approval will tell you how much you qualify for (you may be...
Mortgage Payment Options

Mortgage Payment Options

When finalizing your mortgage, you’ll need to decide which payment option to choose. The option you choose will determine how much and how often you’ll pay. There are 5 different payment options to choose from: MONTHLY – mortgage payment is withdrawn from your bank...
How Much Downpayment Do You Need?

How Much Downpayment Do You Need?

To purchase a home in Canada, you need a minimum of 5% downpayment. That’s 5% of the price you pay for the home if your purchase is $500,000 or less. For instance, for a $400,000 home, you need a $20,000 downpayment. What if the house you want is more than $500,000?...