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
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
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
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
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?