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.
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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 […]
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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 […]
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How to make a budget
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.
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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 […]
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Understanding cash-back mortgages
In this article What is a cash-back mortgage? Advantages Disadvantages What happens if I cancel? Buying a property comes with its share of expenses. Once you’ve saved up for a down payment, you’ll have to set aside enough money for the land transfer tax, notary costs, inspection fees, and moving expenses. A cash-back mortgage can […]
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Renew or Refinance. The first rate is not always the best!
by Denis Doucet What you’ll learn The laws of least effort Banks and other lending institutions tend to take you for granted when your mortgage comes due for renewal. That’s because 80% of their clients simply agree to roll-over the terms and conditions of their previous mortgage, without ever negotiating a better interest rate. We understand […]
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The best rate for your mortgage
In this article What is the best rate? Several factors can affect your mortgage rate. Renewing or refinancing your mortgage can be a good opportunity to get a better rate. If you’re thinking of buying a home in the near future, you’re probably shopping around for a mortgage in hopes of getting the lowest interest […]
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The benefits of being guided by a mortgage broker when buying your first home.
In this article The role of a mortgage broker in the home-buying process The benefits of using a Multi-Prêts mortgage broker Get the best mortgage and know all the facts Choosing a broker Starting to feel cramped in your apartment? Maybe you need an extra room, you’re sick of storing your bikes in the living […]
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What to do when we are unable to pay our mortgage?
by Denis Doucet What you’ll learn When to warn your lender The options available to you What your broker can do Financial difficulties can appear at any moment throughout your life. What happens whem you’ve emptied your backup finances and can no longer reimburse your mortgage? First, alert your lender… fast! Being proactive and contacting your […]
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Loan or home equity line of credit?
by Multi-Prêts Mortgages What you’ll learn What is a home equity line of credit? Pros and cons Beware excessive debt: discipline is a must! Some claim a home equity line of credit is practically a gift from the Gods. Others claim it’s a scheme that encourages excessive debt and financial ruin. But whom should you […]