by Rakhi Madan | Jun 11, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal |
Having a clear understanding of the difference between a term and the amortization period is an important first step to choosing a mortgage. As an experienced mortgage specialist, clients can rely on myself to answer these questions about the basics of mortgage...
by Rakhi Madan | Apr 21, 2016 | First Time Home Buyer |
Trying to get the right amount of money for a down payment is often the main challenge that a lot of Canadians who want to own a house are facing. Canada’s government has identified this problem and has executed the Home Buyer’s Plan, which lets capable first-time...
by Rakhi Madan | Mar 21, 2016 | First Time Home Buyer, Purchases |
Located on the Northwest shores of Lake Ontario, Toronto is the most densely populated city in Canada, a city with much to offer locals and visitors alike. Enjoy live theater, a vibrant nightlife, explore eclectic shops, restaurants, how about a rollercoaster ride at...
by Rakhi Madan | Nov 30, 2015 | First Time Home Buyer, Purchases |
If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements....
by Rakhi Madan | Nov 27, 2015 | First Time Home Buyer, Purchases |
A “Gifted” Down Payment is very common for first time buyers. Essentially, a buyer’s family member (usually very nice, warm and loving parents) will offer up money to go towards the down payment. Often this is done because their son or daughter doesn’t quite have...
by Rakhi Madan | Nov 24, 2015 | First Time Home Buyer |
Buying your first home is often the largest financial commitment you will have made and just coming up with the down payment is a difficult task for many! Then there are the legal fees, property transfer fees, disbursements and all those other costs that can really...
