Believe it or not, the term rent to own is becoming more and more mainstream in today's real world. It is becoming harder and harder for a big chunk of our population to qualify for their own mortgages even if they have already decided they want to own versus renting. Why? Simply put, sometimes bad [...]
First-time homebuyers can receive up to $1,000 towards the cost of their new home under a new incentive program announced by BMO. The lender is offering the cash to eligible mortgage customers nationally, with $500 for loans between $100,000 and $249,000, and $1,000 for loans above $250,000. This is a great incentive for first-time homebuyers. [...]
Canada's first-time home buyers may have to shelve their dream house fantasies due to new lending rules announced last week by the federal government. The Government of Canada's finance minister has implemented new measures for those with less than a 20% down payment. Effective October 17, 2016, all five year fixed rates (with less than 20% down) [...]
For most people, a home is the largest purchase they'll ever make, so choosing the wrong property can have disastrous implications for their wallets and well-being. . Still, many homeowners feel a strong sense of pride in putting their mark on the property, building equity and having a place to truly call their own. Whether [...]
