Buying a new home during winter season can be the best choice although the real estate market wisdom says that summer and spring are the prime house hunting seasons. The reason behind this wisdom is that it is easy to go house hunting during these...
For decades, home ownership has been part of goals, political campaigns and ultimate sign of success for many families. The standard of a two car garage and a back yard defines the characteristics. Today though, there is a large and growing market for other types...
Now that the global credit crunch has eased somewhat, this may be the best time to apply for a mortgage in Canada. Canadian mortgages are currently available at very low rates, and you will find some exceptional deals being offered by banks and brokers. These...
The purchase of one's new home is often one of the largest investments made by an individual during the lifetime. You want the purchase and the aftermath to be a satisfactory experience. A wise action that should be taken before making the home choice is to arrange for...
Economic stresses can happen to the most careful individuals. You may think you are prepared by planning, budgeting and saving, but unexpected issues can arise for various reasons. Identifying areas where you are the most vulnerable and making contingency plans is one aspect of the solution, but sometimes these...
Beacon scores will definitely dictate the mortgage amount that lenders are going and willing to offer. This is also the determinant of what you are going to pay if your mortgage request goes through. It is therefore important to know the basics of beacon scores...
Owning your first home is a big step. You no longer have to worry about rent, you can set up your home as you like, mow your lawn, and you also get invited to home owners meetings. Owning a house can be quite challenging, it...
The process of purchasing a home and arranging for a mortgage can be almost overwhelming, especially to a first-time home buyer. When doing the research, it is important to get assistance to understand terms and conditions. Informed decisions about the terms and budgetary impact is...
Mortgage brokers are trained professionals in the field of financing for those who need loans. Even for borrowers with impeccable credit history and income levels, finding the best terms for a loan is not easy. The top brokers are noted for their ability to locate...
In hard economic times, you may be looking for ways to cut costs, but saving money is not the only reason why you should refinance your mortgage. You can use cash freed up to build a retirement account, do a remodeling project or send your...
For those who are taking out a mortgage for the first time, knowledge of the effect of changing mortgage rates may be very limited. About one-third of first time borrowers expect the interest rate to remain the same over the next five years. Unfortunately, this...