Share If you are thinking of buying a house, one of the things you’ll need to do first off is to save up a down payment. But if you are already struggling to make things meet, how can you possibly do that? Here are some tips to get your finances sorted for a down payment? [...]
Share When you are deciding to buy your first home, one of the questions that often comes up is: how much should I pay for my down payment? The short answer is: as much as possible. We’ve all seen the havoc that some of the no-down payment mortgages in the U.S. have caused. Since buyers [...]
Share As was expected last week, Jim Flaherty has unveiled some new mortgage rules to help counter the fears that Canada may be experiencing a housing bubble. The rules do not change the basics of mortgage lending very much: consumers still have to produce 5% of the property’s cost for the down payment, and the [...]
