Articles for first-time buyers

Never purchased a home before? Worried about getting approved for a mortgage? Wondering how to dot the i's and cross the t's? The answers are here. 

family playing around a box How to successfully move July 31 2017 | by Multi-Prêts Hypothèques For some, it’s practically an annual tradition. For others, it’s a painful task to be avoided at all costs. No matter which camp you fall into, here are a few tips and tricks for a successful move. house windows Buying a new or used home: advantages and disadvantages June 28 2017 | by Multi-Prêts Hypothèques When the time comes to buy a property, the difference between new and used goes far beyond aesthetic and stylistic considerations. To help you make an enlightened decision, here are a few key differences between new and used homes. kitchen The advantages of buying with a down payment exceeding 20% June 19 2017 | by Multi-Prêts Hypothèques When the time comes to buy, is it better to put down a big down payment? As every situation varies greatly, it’s impossible to provide a definitive answer. Your decision should take your needs, your means and your targeted market into account. man with tie How to buy your first plex in your twenties June 13 2017 | by Multi-Prêts Hypothèques All too often, millennials are accused of mismanaging their finances and having no long-term objectives. And yet, the housing market is home to many young entrepreneurs who decided to make their savings grow and build their wealth before their 30th birthday. couple on a balcony Divided or undivided co-ownership? Learn the difference June 2 2017 | by Multi-Prêts Hypothèques A co-ownership is defined as a property owned by many people. It can be either divided or undivided. There are many differences between the two, but each presents a list of pros and cons that you’re better off knowing before you start looking for your new home. street with houses What is CMHC insurance? May 16 2017 | by Multi-Prêts Hypothèques Since its creation, the CMHC has been a Crown corporation whose mission is to contribute to the stability of the housing market. One of the ways they do so is through their mortgage loan insurance that provides Canadians with greater access to property. Should you stay at your parents or buy a home? March 29 2017 | by Multi-Prêts Hypothèques Is it better to stay as long as possible at your parents’ home or buy a house as quickly as you can? What are the advantages of buying a home when you’re a young adult? Here are some tips you should keep in mind. couple getting is online mortgage pre-qualification Online Mortgage Pre-qualification: Now Available! March 2 2017 | by Denis Doucet With Multi-Prêts’ new online mortgage pre-qualification, it’s never been easier and faster to find out how much you can afford to borrow to purchase your next home! With a few clicks, answer a couple of questions and that’s it! If you pre-qualify, you’ll receive your personalized certificate by email in a matter of minutes, with the maximum amount you’ll be able to finance to buy your dream home. couple moving into their home Using RRSPs to buy your first home through the HBP January 25 2017 | by Denis Doucet The concept is genius and packs a real punch: borrowing your own money to purchase your first property! Now, how do you come up with the minimum down payment required (5% of the total value of the purchase)? Personal Savings, Investments or ... how about an RRSP! That in mind, here’s an overview of a program designed to help you come up with that 5% down payment  the Home Buyers' Plan (HBP). Newcomer's Family Newcomers to Canada and their first homes December 20 2016 | by Fabien Major Have you recently moved to Canada and are dreaming about buying your first home? Here are some tips that will come in handy!