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.
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Tax benefits when purchasing your first home
by Multi-Prêts Mortgages What you’ll learn We often talk about all the expenses, especially the unforeseen ones, that come with the purchase of a first home, but it’s also important to bring up the advantages. Building an estate. No longer having to deal with a landlord who’s quick to cash checks, but much slower to fix […]
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A step-by-step guide for first-time home buyers
by Multi-Prêts Mortgages, in collaboration with National Bank What you’ll learn Day 1 – Make your budget Day 2 – Calculate your borrowing capacity Day 3 – Calculate additional expenses Day 4 – Get your mortgage pre-qualified Day 5 – Find your dream home Day 35 – Make a promise to purchase Day 45 – Get a mortgage Day 50 – Make two appointments with your notary Day 60 – Move in and […]
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Programs available to first-time buyers
Do you dream of becoming a homeowner? For some, this dream feels unattainable in the current context.
Here’s an overview of the different programs and grants available. -
4 ways to avoid mortgage traps
by Multi-Prêts Mortgages What you’ll learn Even with the help of a broker to help you see things clearly, you’re always better off knowing about mortgage traps. Here’s how to avoid them. Think long and hard about your down payment If your savings allow it, it can be worthwhile to put down a 20% down payment […]
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What is CMHC insurance?
by Multi-Prêts Mortgages What you’ll learn 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. Indeed, it allows them to borrow to buy […]
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How to save for a down payment?
by Denis Doucet What you’ll learn How to calculate the amount to save? Mortgage Insurance Tips and tricks You wish to buy a house, but you are wondering how to save the thousand dollars you need for a down payment? At first sight, we know it doesn’t seem easy. However, when you analyze the situation, workable […]
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Using RRSPs to buy your first home through the HBP
by Multi-Prêts Mortgages What you’ll learn What are the eligibility requirements under the HBP? What is the HBP? How much money can I withdraw from my RRSPs under the HBP? How does the repayment of RRSP funds under the HBP program work? Updated September 9th 2019. Buying your first home can certainly be an adventure, so […]
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How to prepare for a mortgage application
by Multi-Prêts Mortgages What you’ll learn Making time for your mortgage broker Separating your wants from your needs Painting a financial picture Leaving nothing to chance Making time for your mortgage broker Write down all the questions going through your head ahead of time, and most importantly, get ready to be honest. You’re going to […]
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City or suburb: The pros and cons
by Multi-Prêts Mortgages What you’ll learn Find cheaper properties in the suburbs, but pay more for transportation Consider the proximity of services in the city Calculate commute time Think about space Assess the air quality and noise pollution Get a mortgage pre-qualification City or suburb? It’s an important question if you’re thinking about buying property. […]
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First-time home buyers: Have you thought about property tax?
by Multi-Prêts Mortgages What you’ll learn Where does your tax money go? The property assessment roll Can you appeal your property assessment? After months of hunting, you’ve finally found your dream home. Congratulations! But before making an offer, have you looked into how much the property taxes are in the municipality where it’s located? Unlike […]