Mortgage insurance in Canada is a type of insurance that is designed to protect mortgage lenders in the event that a borrower defaults on their mortgage payments. It is mandatory for homebuyers in Canada who are putting less than 20% down payment on their home purchase to obtain mortgage insurance. The mortgage insurance is provided […]
Welcome to the world of homeownership, where the dream of having a place to call your own comes with the responsibility of maintaining it. One crucial aspect of owning a home is understanding the average cost of upkeep. Just like any valuable investment, a home requires ongoing care to ensure its longevity, comfort, and functionality. […]
Saving for a downpayment in Canada can be a significant financial goal, especially with the high cost of real estate in many areas. Whether you are planning to buy your first home or upgrade to a larger property, here are some effective strategies to help you save for a downpayment. 1. Set a clear goal: […]
Getting pre-approved for a mortgage is an important first step in the home-buying process. It can help you determine how much you can afford to spend on a home, and it can also make you a more attractive buyer to sellers. Here are the steps to get pre-approved for a mortgage: 1. Check your credit […]
If you’ve decided to purchase a house in Ottawa, Ontario, you’re embarking on an exciting journey of homeownership. However, it’s crucial to understand the steps involved in the buying process to ensure a smooth and successful transaction. Here’s a step-by-step guide to buying a house in Ottawa: 1. Determine your budget: Before starting your home […]
