Real Estate

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…

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…

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…

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…

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…

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…

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…

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…

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…