Are Variable Rate Mortgages Really THAT Scary?
This is a loaded question. Before I can answer this question, I want to explain what a “Variable Rate” actually is. What is a Variable Rate Mortgage? A variable rate mortgage is a type of mortgage you would obtain when buying a house. This type…
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Minimum Down Payment When Buying a Home
What is the minimum down payment when buying a house in Canada? This is one of the most common questions I hear as a mortgage broker. Most people know that as a first-time homebuyer, you can put as low as 5% down on a home….
DO NOT make this mistake when applying for a mortgage!
I see it time and time again. A client comes in to get pre-approved, hears some great news (you can buy a house!), and then they make the ultimate mortgage mistake… From the time that they got pre-approved to the time that they made an…