Expert Advice: Property Buying

What is a Cashback Mortgage?
Cashback mortgages are a type of mortgage that has gained popularity in Canada over the past few years. With a cashback mortgage, borrowers receive a lump sum cash payment from the lender at closing. This cash payment can be used for various purposes, such as covering closing costs or making home improvements.
How a Cashback Mortgage Works
Cashback…
Read MoreYour Guide to Gifted Downpayments
Over the last couple of years, various surveys have revealed the same thing: prospective homeowners are concerned that they will be unable to buy a home because they cannot afford the down payment.
Indeed, with Canadian real estate prices way above their pre-pandemic highs, plus interest rates at their highest levels since the global financial crisis, it is getting…
Read MoreUnderstanding Fixed vs. Variable Rate Mortgages
In 2023, financial experts have been homing in on mortgage rates. With inflation showing moderation, the Bank of Canada (BoC) has put pause to its recent wave of interest rate hikes, and analysts believe the Bank may start dropping rates early next year. The debate among housing observers, economists and investors is about how much and how quickly.
Despite…
Read More4 Things to Consider & Look For When Viewing a Home or Open House
Whether you are a first-time home-buyer or a current homeowner looking to downsize, more than likely you will be viewing houses or attending open houses while searching for the perfect home. Regardless of how experienced you are with home buying and home owning, there are always things that are missed when going through the house hunting and home buying process.
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Read MoreWHY PRE-APPROVAL FOR A MORTGAGE IS NECESSARY
Any good mortgage professional will tell you that your house hunt should include a call to a mortgage professional as well as a call to your realtor. A mortgage professionals work with you to obtain a mortgage pre-approval. Then, you can shop for a property knowing how much money you have to spend or, more importantly, how much a lender…
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