Q: My husband and I recently bought a new house in Stoney Creek, and my employer has just paid me a nice bonus for this past year. Should I use the extra cash to pay down our mortgage or should I put it in my RRSP? I don’t want us […]
Mortgage Industry
4 posts
Imagine being just 20 years old and putting down a full 20 per cent — $68,000 — on your first condo. Plus, you have cash left over for closing and moving costs, even some money for decorating. At 20 per cent down, you don’t even have to pay for mortgage […]
With new mortgage rules and higher interest rates putting the squeeze on Canadian home buyers, some have found a new approach: Get the parents (or grandparents) to bankroll your purchase. The number of mortgages issued to people in the pre-war generation – aged 73 to 93 – jumped by a […]
The process of becoming a homeowner can be long and arduous, and your mortgage broker is one of your key allies in getting a mortgage in order to buy a home. But if done right, the relationship between you and your broker doesn’t stop once you have the keys. Depending […]