Real Estate

How to buy a house in Ontario

How to buy a House in Ontario | Step-by-step guide

Figuring out how to buy a house in Ontario is something many people will struggle to do. Not only will you need a significant down payment for your home purchase, but there are many steps…

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What is a fixed rate mortgage

What is a Fixed Rate Mortgage?

Knowing what is a fixed rate mortgage is essential if you plan on buying a home as it’ll impact how much you’re paying each month. One of the biggest debates in the finance world is…

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What is a prepayment penalty

What is a Prepayment Penalty?

Have you ever wondered what is a prepayment penalty? Homeowners end up paying a huge amount in interest on their homes from their mortgage payments, so it makes sense to want to pay it off…

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What is a variable rate mortgage

What is a Variable Rate Mortgage?

Do you know what is a variable rate mortgage? While it’s true that a variable rate mortgage is the opposite of a fixed rate mortgage, many people don’t realize that there are different types of…

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How to renew a mortgage

How to Renew a Mortgage | Save by shopping around

Knowing how to renew a mortgage is essential as a homeowner since you’ll likely do it multiple times. Similar to your first mortgage, You’ll have different options available to help you save money when it comes…

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What is a Mortgage Pre-Approval

What is a Mortgage Pre-Approval?

If you are in the market to buy a new home, you’ll want to know what is a mortgage pre-approval. Essentially you can find out the what interest rate and how much you’ll be approved…

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How is mortgage interest calculated

How is Mortgage Interest Calculated?

Some people wonder how is mortgage interest calculated. There are actually two answers depending on what type of mortgage interest you’re talking about: The interest rate you’re given and the actual amount of interest you’d…

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How much is a down payment on a house

How Much is a Down Payment on a House?

Have you ever wondered how much is a down payment on a house? How much you need to put down depends on the purchase price of the home. Buying a home is a huge process…

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How Much Mortgage can I Afford in Canada

How Much Mortgage Can I Afford in Canada?

If you’re looking to buy a home, the odds are you’ve asked yourself how much mortgage can I afford in Canada? This is an important question to ask since the amount of mortgage you’re approved…

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What is the First Home Savings Account

What is the Tax-Free First Home Savings Account? A detailed guide

What is the Tax-Free first home savings account (FHSA)? The FHSA is a new account that was introduced in the 2022 federal budget and is set to be available to Canadians in 2023. It basically…

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