by Michelle McCullough | Sep 6, 2023 | Payment Frequency |
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 There are 5 different payment options to choose from: MONTHLY – mortgage payment is withdrawn from your bank...
by Michelle McCullough | Aug 30, 2023 | Down Payment, First Time Home Buyers, Mortgage Broker |
Saving for a downpayment requires discipline and determination. Whether you’re aiming for the minimum downpayment (like most first-time homebuyers) or 20% down, there are some strategies to help you get there. If you are in the “saving up” stage of preparing for...
by Michelle McCullough | Aug 24, 2023 | Down Payment |
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?...
by Michelle McCullough | Jun 2, 2023 | Divorce, Down Payment, First Time Home Buyers, FSHA |
Learning about the new First Home Savings Account (FHSA) program With the market starting to stabilize, and in many markets housing prices starting to rise again, maybe you or someone you know is looking at purchasing their first home before home prices rise too much....
by Michelle McCullough | Nov 3, 2022 | Announcements, Bank of Canada, City of Prince George, Finance |
2022 has already been tough on Canadians’ wallets, and recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and on October 26 the Bank of Canada further raised its benchmark interest rate to try to bring it under control....
