Having a plan is important. I find far too often that people seeking mortgage financing are unaware how their other debts affect the amount of mortgage financing they can qualify for. What does a lender look at when determining if you qualify for a mortgage? Typically, a lender wants to see the last two years
Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate. New rules by Canada’s federal financial regulator announced in October mean that even borrowers with a down payment of 20 per cent or more
Why am I buying a home? Obviously you want – and need – to have somewhere to live. Your home is your castle, your safety, where the heart is, and all that. But why are you buying as opposed to renting? Areyou buying alone or going into it with a partner, family member, or friend? There
