Can I Still Get a “Zero Down” Mortgage with a Credit Union?
First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101

Can I Still Get a “Zero Down” Mortgage with a Credit Union?

As of 2008, home buyers must pay a minimum of 5% on their home purchase when taking out a mortgage from a federally-regulated lender. But what about credit unions, which are run provincially, and lack many of the same regulations ruling the big banks? The truth is, zero-down mortgages still exist and are offered at some of these lenders… but is it ever a good idea to get one? Continue reading »

12 Years For Average Canadian Grad to Save 5% Mortgage Down Payment: Study
Mortgage News / RSM News / Savings / Savings News

12 Years For Average Canadian Grad to Save 5% Mortgage Down Payment: Study

Securing the Canadian dream – a good job, nice car and an affordable mortgage – may be increasingly out of reach for the millennial generation. A new research study from RateSupermarket.ca, Canada’s independent personal finance comparison site, offers the projections of future costs of living for young people starting out today. As the cost of owning a home continues to rise and jobs are very hard to come by, the picture is not pretty. Continue reading »