Monetary gifts from family members can assist new homebuyers to purchase a property, but they’ll likely require a mortgage gift letter. Learn why a mortgage gift letter is important and the information it provides to lenders.
Borrowing money for a down payment can help get you into a house faster. Learn the pros, cons and alternatives.
This true or false quiz will test your knowledge on common mortgage misconceptions including topics such as the mortgage stress test, down payment, mortgage types and more.
From proving your income to keeping your credit score up, learn how you can boost your chances of getting a great mortgage while being self-employed.
We revisit the mortgage stress test and how it is affecting Canadian homebuyers.
Reduce your mortgage quicker with these simple hacks.
Have a down payment ready, but not ready to buy your home? Investing it in the meantime can yield results, but can be risky. Find out how to make money…
An RRSP is viewed as long-term investment, but it can come in handy for big purchases that you want to make right now, like a new house. You can get up to $50,000 tax-free by looking to the Home Buyers’ Plan (HBP), a Government…
Thinking of buying a home in the next few years? One way to build up your down payment is through investing. Here’s now this process compares to putting your savings into a TFSA or HISA.
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.