Getting a Mortgage While on Parental Leave

Getting a Mortgage While on Parental Leave Chances are if the title of this article caught your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact […]

Why Downpayment Source Matters

Why Downpayment Source Matters Why Downpayment Source Matters If you’re looking to buy a home, although you might think it doesn’t matter too much, the sources of your down payment means a big deal to the lender. Let’s talk about the lenders’ requirements, what your down payment tells the lender about your financial situation, and […]

Downpayment Options

Downpayment Options A downpayment is the initial payment you make when you’re buying a property through mortgage financing. A downpayment is always required when buying a home because lenders in Canada are only able to finance up to 95% of the property value. This leaves you with a least 5% down that you need to […]