Stories Tagged - Finance
Oct. 02, 2019 | Tyler Difley
The federal government's First-Time Home Buyer Incentive (FTHBI) came into effect on Sept. 2, but many prospective homebuyers still have questions about how the new program could help them enter the market. The most important details of the program are as follows:
Nov. 07, 2018 | Natalie Noble
May 02, 2018 | Gerald Vander Pyl
Shopping for the home of your dreams requires knowing how much you can afford to spend, which for most buyers ties directly into a mortgage.
Financial institutions in Canada look at a buyer's Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to help determine how much mortgage to approve, and therefore, how much home a person can afford.
Aug. 02, 2017 | Gerald Vander Pyl
For anyone buying real estate, arranging a mortgage is a sure sign that you're about to make your dream home a reality.
But with the all the options that are available, how do you find the mortgage that's right for you?
Greg Miller, a mortgage professional with SmartCap Inc. in Calgary, says step one for him is "finding out what are the client's short-term needs and long-term needs, their goals, and what does their budget allow for in terms of a payment?
"After that you can tweak a mortgage to cater it to them."