First Time Home Buyers Tax Credit

If you were a first time home buyer in 2015 you may qualify for a tax credit when you do your taxes. Talk to your accountant or watch this short 3 minute video from the Canada Revenue Agency to see if you qualify. CRA-HBTC Don't just get a mortgage, Know your mortgage! Scott Bourke, AMP … Continue reading First Time Home Buyers Tax Credit

New Down Payment Rules for Mortgages Over $500,000

Rule changes that come into effect starting Feb 15, 2016 and the dates that everything gets effected. Minimum Down Payment Policy Changes for all CMHC and Genworth Applications As a reminder, on December 11th, 2015, the Government of Canada announced the minimum down payment requirement will be increased from 5% to 10% on the portion … Continue reading New Down Payment Rules for Mortgages Over $500,000

10 Most Common Mortgage Q&A’s

1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often come from no frills … Continue reading 10 Most Common Mortgage Q&A’s

Deciding Which Type of Home to Purchase

There is an endless supply of different types of homes available for purchase – ranging from condos to townhouses to fully detached homes. The key is to decide what you can afford and which amenities you prefer before heading out shopping for a new home.  Your best first step is to seek the advice of … Continue reading Deciding Which Type of Home to Purchase

I Am A First Time Home Buyer, What Do I Do?

Being a first time home buyer can be overwhelming. Your excited to look for your first home, but at the same time a little nervous about the mortgage. Purchasing a home will be one of the biggest purchases and investments you will make in your life. So let's make sure you are more comfortable with … Continue reading I Am A First Time Home Buyer, What Do I Do?