by Design | Jun 8, 2020 | Blog, First Time Homebuyers
If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While...
by Design | Jun 8, 2020 | Blog, Homeownership, Mortgage TIps
https://www.youtube.com/watch?v=Q9EZ0z8FceY Welcome! We’re so glad you decided to make Canada your new home. It can be rewarding, and sometimes challenging to find a place to live that’s comfortable, safe, and affordable. CMHC is here to help! Consider...
by Design | Jun 8, 2020 | Blog, Homeownership, Mortgage TIps
Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well…...
by Design | Jun 8, 2020 | Blog, Homeownership
There aren’t too many Canadians who are able to save up enough money to pay cash for their home. This is why we have mortgages. A mortgage is a loan made to assist a borrower to purchase a property. The property is held as collateral and interest is charged on...
by Design | Jun 8, 2020 | Blog, Homeownership
It’s a common held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that your lender is somehow obligated to renew your mortgage. This is simply not the case. The truth is, a lender is never under any...
by Design | Jun 8, 2020 | Blog, Homeownership
The Canadian government just released its housing strategy plan, called “What We Heard, Shaping Canada’s National Housing Strategy”. It has been included below in all its 66 page glory, but first here are some of the highlights. Helping those in...
