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Financing

Not sure how to put together a down payment? Want to buy a second property? How can you leverage your home equity to pay for your children’s post-secondary education? Dare to dream. You’ll find your answers here.

  1. How to calculate your mortgage borrowing capacity 

    In this article If you’re thinking about becoming a homeowner, you’re probably wondering how much you’ll be able to borrow to buy your dream house or condo. Here’s everything you need to know on borrowing capacity before you start house hunting. Factors that affect your borrowing capacity Financial institutions consider a variety of factors when […]

  2. How to renew your mortgage?

    Une famille occupée au salon et dans la cuisine dans une maison à aire ouverte

    In this article Like most homeowners, you probably took out a mortgage to buy your home. At the end of your mortgage term, you’ll have to renew your loan unless the full balance is paid off.  The renewal process gives you an opportunity to negotiate a better interest rate and more favourable terms. Here’s what […]

  3. The true cost of buying and selling a home

    In this article Who pays for what in a real estate transaction? Buying a home is an expensive endeavour, and quite unlike the purchase of an ordinary consumer good. In addition to the amount agreed upon during negotiations between the buyer and seller, other fees—totalling several thousands of dollars—must be paid by both parties.  Here […]

  4. How to buy a house with bad credit

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    In this article Becoming a homeowner is a major life step that requires a lot of preparation. For example, you’ll need to save for a down payment, and most likely apply for a mortgage, in order to pay for your new home. Unfortunately, things can get a little complicated if your credit score is on […]

  5. Everything you need to know about fixed payment variable rate mortgages

    In this article When you’re preparing to take out a mortgage, it’s important to understand how interest rates may affect your loan. This is especially true in the current economic climate, since we’ve experienced several successive increases in the Bank of Canada’s policy rate, a sort of benchmark that financial institutions use to set their prime […]

  6. The tax-free FHSA, a new tool to help first-time buyers save for a down payment

    In this article Prospective buyers will soon be able to rely on a new tool to help them save for a down payment. Although we do not yet know all of the rules surrounding the 2022 Federal budget’s flagship measure, here’s what we currently know about the tax-free First Home Savings Account (FHSA), which will […]

  7. What is the maximum amount you can borrow when buying a home?

    by Multi-Prêts Mortgages What you’ll learn How much can I borrow? That’s something you’re probably wondering if you’re in the market for a new home. The answer to this question is extremely important because it directly affects the type of home or condo that you can get. Just be cautious about the maximum amount you […]

  8. How to make a budget

    Comment faire un budget - Article de blogue | Multi-Prêts Hypothèque

    When it comes to practising sound financial management, making a budget is essential. It can also help you pay off your debts faster and save for projects you care about.

  9. How to develop healthy financial habits

    by Multi-Prêts Mortgages What you’ll learn Better manage your credit card A credit card is an excellent tool if used wisely. With a little discipline, it becomes the best financial tool to create a good credit history, which allows you to take advantage of a better credit rating. Start by finding out which products your […]

  10. Mortgage refinancing: How it works and its advantages

    by Multi-Prêts Mortgages What you’ll learn Are you familiar with mortgage refinancing? Wondering if it’s the right option to fund your projects or consolidate your debts? To help you out, here’s an overview of how it works and its advantages. A crazy idea? Not necessarily. If you’ve owned a property for several years and have […]