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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 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.

  2. Understanding cash-back mortgages

    Prêt hypothécaire remise en argent

    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 […]

  3. The best rate for your mortgage

    Couple et conseiller

    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 […]

  4. 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 […]

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

    In this article How does the FHSA work? FHSA vs. HBP FHSA withdrawals A new practical tool 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 […]

  6. 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 […]

  7. Loan or home equity line of credit?

    house and a piggy bank in hands

    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 […]

  8. Understanding your mortgage payment

    In this article Components of a mortgage payment Mortgage amortization Mortgage terms Payment frequency Prepayments If you own your home, chances are you took out a mortgage to finance the purchase. Now, like most homeowners, you make payments several times a year to pay it off. But do you know how those payments are actually […]

  9. Borrowing capacity – What is a mortgage rate stress test?

    by Denis Doucet What you’ll learn What is a stress test? Why are financial institutions doing stress tests? Other tools & resources to avoid over-indebtedness When you want to borrow money to purchase a property, specific data is analyzed by your mortgage broker and lender to determine your borrowing capacity. And before they approve you for […]

  10. Should you consult a mortgage broker when the key interest rate goes up?

    by Multi-Prêts Mortgages What you’ll learn Mortgage brokers: Market experts Fixed and variable rates Assessing your risk tolerance Establishing a borrowing profile Mortgage broker expertise What type of mortgage rate should you choose when the Bank of Canada (BoC) raises its key interest rate? The answer may not be as simple as you think. Fortunately, […]