Owning your own home can be an enormous achievement, and a big financial step forward. But, finding 5% or more for a down payment can be a challenge, especially if you have other bills or savings goals to take into account. For that reason, so-called “zero down” mortgages, in which 100% of the purchase price [...]
For all the studies that suggest Canadians are having a tough time paying off their mortgages, our Alberta mortgage brokers found an interesting article by Jim Yih on why this might be. In a nutshell: “If the return on investment is greater than the interest cost on the mortgage, then the math would tip toward [...]
As you may have already heard, Canadian mortgage rates are near all-time record lows, with rates of 3% and below available on some home loans. That means that now is a great time to act, whether you already have a home loan or are currently in the real estate market. One fear a lot of [...]
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