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First Time Home Buyer Incentive

First Time Home Buyer Incentive

This week the government provided more details about the new First Time Home Buyer Incentive that’s launching September 2, 2019 with anticipated funding of the program to begin November 1, 2019. (meaning the possession date must be Nov 1 or later) The program is designed for First Time Home Buyers (FTHB) with total income under […]

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 […]