How much of a down payment do we need to purchase a home? I am frequently asked this question as a Grimsby Mortgage Broker, often by people who have pre-conceived notions either from the internet, friends and family, or late-night real estate shows. Typically, you require a minimum 5% down payment, however, due to changes […]
As a Hamilton Mortgage Broker, I have been receiving inquiries regarding the Down Payment Assistance Program offered through the city of Hamilton, There seems to be a bit of confusion about this program so I thought I would try to shed some light on it. After speaking to the Hamilton Housing Clerk and explaining that […]
Obtaining a Grimsby or Hamilton mortgage requires you have sufficient income and a good credit score. As a first-time homebuyer, you may be unfamiliar with the importance of a having good credit. Well, here at Canadian Mortgage Authority, our team of experts has listed the main reasons your credit score could affect your mortgage. […]