Tag: down payment

Saving for a Down Payment

1/10/2020By: Elias Kellendonk

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Mortgages Residential Mortgages down payment first time homebuyers mortgage mortgage application mortgage rates rrsp saving money tfsa

Determining home affordability

11/13/2013By: The Super Broker

Affordability is a hot topic in Canada’s residential real estate market.

Financial Planning Residential Mortgages Brafton down payment home buyers home prices mortgage mortgage broker mortgage rates

Low mortgage rates can offset high prices

6/12/2013By: The Super Broker

While rising home prices are good news for sellers and buyers seeking a sound investment, they can also make it that much harder for some Canadians to enter into homeownership.

Financial Planning Residential Mortgages Brafton credit score down payment home prices interest rate mortgage rate

Flaherty says government intervention is done, others say differently

5/30/2013By: The Super Broker

While many industry observers feel that the mortgage restrictions put in place by Finance Minister Jim Flaherty could lead to a crash in the Canadian real estate market, Flaherty feels that current figures are a positive sign, according to Financial Post. "I'm comfortable about where we are," he told Julian Beltrame of the Canadian Press. "I'm …

Residential Mortgages Brafton down payment interest rate mortgage rates mortgage rules

Low mortgage rates remain despite government interference

5/21/2013By: The Super Broker

It seems that not every member of the Conservative cabinet is a huge fan of Finance Minister Jim Flaherty’s penchant for getting involved in the mortgage market.

Financial Planning Residential Mortgages amortization Brafton down payment home loans mortgage rules

Avoiding homebuying mistakes

5/6/2013By: The Super Broker

Everyone makes mistakes, but when it comes to buying a home, those mistakes can be costly.

Financial Planning Residential Mortgages Brafton down payment first time homebuyers home buyer home renovations

Financing options exist for savvy buyers

3/31/2013By: The Super Broker

Many Canadians, especially those who belong to the so-called Generation Y, are less than confident when it comes to their chances of financing a home purchase. Data from real estate firm Royal LePage shows that more than 72 percent of survey respondents born between 1980 and 1994 said they were pessimistic about their chances of …

Financial Planning Residential Mortgages Brafton down payment first time homebuyers home prices mortgage

Saving on home loans

3/20/2013By: The Super Broker

While household debt in Canada is at an all-time high, economists are saying progress is being made.

Financial Planning Residential Mortgages Brafton down payment home loans interest rate mortgage payment tax credit

Effects of mortgage restrictions continue to be felt

3/19/2013By: The Super Broker

While mortgage rates continue to hover near historic lows, there’s no doubt that Finance Minister Jim Flaherty’s mortgage tightening rules have cooled the Canadian housing market.

Residential Mortgages Brafton down payment home buyers interest rate mortgage mortgage rules

Understanding mortgage insurance

3/8/2013By: The Super Broker

When it comes to home loans, there’s plenty of talk about mortgage rates, but far less about mortgage insurance.

Residential Mortgages Brafton down payment first time homebuyers home loan mortgage insurance