Temperatures are rising – and that means open houses are popping up in markets across Canada. It’s one of the most competitive times to buy a home – so be sure you’re prepared if you plan to jump into the fray.
Brush up on your mortgage know-how this week with tips for saving for a down payment, improving your credit score – and understanding the current state of the market.
Saving for a Down Payment
Are you planning to buy a home? You’ll need to shell out for at least part of your purchase up front. Saving for a down payment is an important part of the home buying process – and the size of your down payment can even impact how much of a mortgage you qualify for. Here’s how to effectively save while hunting for your dream home.
Read Penelope’s Blog | Saving for a Down Payment
Liberals to Assess Foreign Real Estate Investment in Canada
The Canadian federal government wants to take a closer look at the extent of foreign ownership of real estate across the nation – but critics are saying their efforts won’t go far enough. Will new investment really reveal how much of the market is foreign-owned? Read on for Rubina’s breakdown.
Read Rubina’s Blog | Liberals to Assess Foreign Real Estate Investment in Canada
Is Your Credit Score Mortgage-Ready?
Is your credit score mortgage-ready? Many Canadians don’t know the state of their score before starting the pre-approval and application process – and they could be in for a nasty surprise. Here’s what you need to know about your score – and how you can improve your chances of qualifying for a mortgage.
Read Rubina’s Blog | Is Your Credit Score Mortgage-Ready?
Mortgages: Are Sell and Leaseback Programs a Good Option for Boomers?
Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?
Read Gordon’s Blog | Are Sell and Leaseback Programs a Good Option for Boomers?
Economy: Do the Liberals Really Need a $6-Billion Contingency Fund?
The Liberals have announced their new budget, including a $6-billion contingency fund that’s drawing criticism from economists and some Conservatives. Why has such a large fund been set aside – and what will it be used for? Read on for Sean’s breakdown.
Read Sean’s Blog | Do the Liberals Really Need a $6-Billion Contingency Fund?