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 […]
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 […]
