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FIRST-TIME HOME BUYER INCENTIVE

FIRST-TIME HOME BUYER INCENTIVE

A major item from this week’s federal budget is the first-time home buyer incentive. Under the plan, the government will advance up to 10 per cent of the purchase price of a home so first-time buyers can take out a smaller mortgage and keep monthly payments lower. Here are the five main things you need […]

Mortgage Broker vs Bank Lending

Mortgage Broker vs Bank Lending

1) What exactly is a mortgage broker? A mortgage Broker is someone who facilitates a mortgage for a customer. They basically underwrite the mortgage for the bank/lender, they assess each individuals lending criteria, and provide them with the knowledge of the term and conditions of their approval. 2) How does a mortgage broker get paid? A mortgage broker […]