In Canada, your credit score is an important aspect of your financial identity — and it can mean the difference between being approved and rejected for many different types of loans and banking services. One type of loan that can be difficult to get when you have poor credit is a mortgage. This means that…
If you’re looking for a mortgage loan in Ottawa — or anywhere in Canada, for that matter — you might be daunted by the wide variety of options available to you. Bank mortgages are often the most straightforward option, but even these types of mortgages come in a variety of durations and structures. If you’re…
So you’re looking to buy real estate in Ottawa, but for any number of reasons, you’re unable to get a traditional mortgage from a bank, credit union, or trust. What to do? Just because you’ve been turned down by “A” lenders doesn’t mean you’re out of luck as far as a mortgage is concerned. This…
Owning your own home has a lot of payoffs, especially these days when mortgage rates are still among the lowest in 30 years. There are also many housing options available in a wide range of prices. Simply put, you can carry a home of your own for no more than what you would pay in…
How to match the home you buy to your pocketbook So, you’ve decided to take the big leap and purchase your first home. Most of us have a “dream home” tucked away at the back of our minds — complete with six bedrooms, two fireplaces and a panoramic view. Before setting off to view properties…
Don’t forget closing costs when buying a home Despite the low cost of carrying a mortgage these days, you should keep in mind “closing costs” in addition to your down payment for that dream home. These various charges can add up, and for the most part they are all legally required payments in buying a…
With today’s low interest rates, deciding to buy a home is one of the best decisions anyone can make. Financing such a big purchase, however, often means combining savings with money borrowed through a financial arrangement, commonly referred to as a mortgage. Mortgages allow you to pay back the principal, or amount borrowed, plus interest,…
Arranging your mortgage doesn’t have to be a baffling experience Buying a home today is an extremely attractive proposition. Interest rates are at their lowest in decades and the housing market is full of homes to suit just about any budget or family requirement. Still, you’ll inevitably have to deal with financing and this will…