There was a recent announcement from the Federal Government regarding the maximum amortization for insured mortgages for First Time Home buyers when purchasing newly built homes, up to 30 years, from the current maximum of 25 years. This change is effective August 1st, 2024. This change is in addition to the previously announced Tax Free […]
This might seem like part of a Dr. Suess rhyme but it is actually a legitimate and very pertinent question especially for first time home buyers. Read on to learn more about how a renter can help a renter be a home owner! As a Grimsby mortgage broker, I see and feel the pain of […]
Current homeowners looking at selling their existing home and purchasing another can have specific needs that first-time homebuyers don’t have to be concerned with. What happens when the closing date for the purchase of your new home lands BEFORE the closing date of your current home? How can you make the downpayment for the new […]
If you were fortunate enough to lock in your mortgage into a fixed-term mortgage within the last year or two, you will most likely have a historically low interest rate. But what if, like many others, you now find yourself in a situation where you need additional funds? This may be for such things as […]
With real estate prices at historic highs and affordability seemingly farther away than ever before, many people are tempted to enter into a Rent to Own agreement. They promise to provide the allure of having a portion of your rent going towards your down payment and locking in a purchase price and at the same […]
Are you currently shopping around for a mortgage? When considering which mortgage to use, asking as many questions as you want is always advisable. Purchasing a home and the mortgage that you will set up to finance your purchase are often the two largest financial decisions that you will ever make. You must know all […]
Buying a home is a major financial investment and could quite possibly be the biggest purchase you ever make. This is why it is so important to be financially prepared before you begin your application for a Hamilton mortgage. Schedule an appointment with a mortgage broker before you begin your home loan application, so you […]
Are you a current homeowner? Have you recently received an increase in your cash flow – whether it was through an inheritance, raise, bonus or settlement? If so, you may want to use that money to help pay off your Hamilton mortgage. To help provide some insight into the process of pre-paying your mortgage, your […]
The clock strikes twelve, the ball has dropped and we are officially in the New Year. 2019 is all about chasing after your dreams and not letting anything hold you back. So, if you are fed up with renting and have always dreamt about becoming a homeowner, this is the perfect year to do it. […]
As a potential new homeowner, it can be overwhelming trying to figure out if you should stop renting and buy a new home. Well as your local Hamilton and Grimsby mortgage broker, our team at Canadian Mortgage Authority has created a list of the top five reasons why you should buy a home […]