Stepping into homeownership is an exciting journey, but it also comes with its share of decisions, especially when choosing your first mortgage. Understanding the difference between fixed and variable interest rates is crucial. Fixed rates offer stability, as your interest rate remains the same...
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Breaking Down the Downpayment Barrier for First-Time Homebuyers
In regions where the cost of living and renting overshadows the ability to save, accumulating a substantial downpayment for a home may seem like climbing a mountain. However, with a bit of creativity and exploration of available resources, this mountain might not be as insurmountable after all....
Navigating Pre-Closing Costs: A Must-Read for Ontario’s First-Time Homebuyers
Navigating the path to becoming a first-time homeowner in Ontario? This blog post is your guide through the essential pre-closing costs to prepare for - ensuring you're ready for each step of your home-buying journey. From budgeting for your downpayment, home inspections, property surveys, and...
HOW TO SAVE THOUSANDS OF DOLLARS IN INTEREST AND PAY YOUR MORTGAGE OFF FASTER
There are a few easy ways to make extra principle payments that can save you a ton of money in interest expenses and get you mortgage-free sooner than you thought possible. Here are a few simple strategies you can use: 1. ROUND YOUR MONTHLY PAYMENT UP The results of this simple strategy can save...
HOW YOUR CREDIT SCORE AFFECTS HOW MUCH HOUSE YOU’LL BE ABLE TO BUY
Your credit score is now the most important factor in determining how much house you can buy, so if you are in the market for a new home, you need to understand how it affects you. In order to make it easy for mortgage companies to determine the risk of lending to you, they are using a system...
HOW TO AVOID A “MONEY PIT” HOUSE
BE ON THE LOOKOUT FOR THESE 6 WARNING SIGNS THAT COULD MEAN EXPENSIVE REPAIRS... Many people think that serious defects in a home are easy to spot, but the truth is, often the most serious and costly problems can only be detected upon very close inspection. When you are considering buying a home,...