Canadian banks are reporting a surge in interest in the newly introduced First Home Savings Account (FHSA) program. This innovative initiative empowers potential homebuyers to kickstart their homeownership journey by saving and investing for a down payment, all while enjoying tax-free benefits! At Canadian Mortgage Professionals, we’re thrilled to keep you in the loop about…
You’ll want to make sure you have the best condo insurance coverage in place. We’ll help you understand the different types of insurance and how they apply
Canada’s new tax-free First Home Savings Account kicks in April 1. Here’s what you need to know! The dream of home ownership may be a just little closer this year for Canadians, with the introduction of a new tax-free first home savings account. The new Tax-Free First Home Savings Account (FHSA) rolls out on April…
CO-SIGNING A MORTGAGE With our current real estate market, getting a Mortgage is not as easy as it has been in the past. With rising rates, and more qualification criteria, it is certainly more challenging. But don’t worry – There are many ways that home buyers can get approved more easily. One of the most…
Caution with “Cash-back Mortgages”! Cash-back mortgages are being marketed more in recent months. We extend a word of caution and recommend you ask for, and understand the fine print before proceeding. Short-term financial gain may lead to long-term repayment pain. One common fine print consideration – Most often if you refinance, or break your mortgage…
The Home Buyers Amount Tax Credit can reduce the amount of income tax you owe, if home ownership became a reality for you last year.
Learn about the new First Time Home Buyers Incentive and how it might work for you. We’ve captured details of the program and some pros and cons.
Learn about the new First Time Home Buyers Incentive and how it might work for you. Lower your monthly costs by taking advantage the offer of an additional 5% or 10% down payment, depending on the property, and qualifications.
Follow a first time home buyer as he moves through the process of securing a home for the first time, from mortgage fears to house hunting to considering a foreclosure to possession day.
Follow the first time home buyer adventure of Braden. In this segment of our 4 part case study you’ll meet our first time home buyer as he embarks on his home buying adventure.