First Time Home Buyer Mistakes to Avoid

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, Mortgage Down Payment, Residential Mortgages

Not Knowing What You Can Afford What the banks say you can afford, isn’t necessarily what you should spend on your first home. If you don’t already have a budget for your home hunt, now’s the time to start planning. The mortgage brokers at FamilyLending.ca recommend making a list of all of your monthly expenses (excluding rent, of course). Subtract … Read More

The Costs of Closing on a Home

familylendingFinancial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage Down Payment, Residential Mortgages

Did you know that in addition to the downpayment and mortgage, you’re also responsible for any miscellaneous closing costs associated with your home purchase? These fees can vary in price, but all must be paid prior to taking possession of your home. If you’re currently in the market for a new home, now’s the time to consider these hidden costs … Read More

How to Build a Better Budget

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Investment Property, Mortgage Down Payment, Property Maintenance, Refinancing my Property, Residential Mortgages

There are many challenges when it comes to creating a solid financial plan. Whether you’re saving to buy your first home or hoping to invest in some property updates, now’s the time to focus on balancing your budget. The sooner you develop a realistic budget, the easier it will be to stick to, and the sooner you’ll be able to … Read More

First-time Home Buyer Help: Mortgage Pre-Approvals and Down Payment Options

familylendingFamilyLending.ca, First Time Home Owner, General Interest, Mortgage Down Payment, Residential Mortgages

  First-time Home Buyer Help: Mortgage Pre-approvals and Down Payment Options Purchasing your first home can be a stressful experience. From listings to viewings, paperwork to inspections, there are a lot of things that first-time home buyers need to think about prior to making an offer on a potential home. Luckily, the mortgage brokers at FamilyLending.ca are here to help … Read More

Saving Strategies for Canadian Homeowners

familylendingAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Investment Property, Mortgage Down Payment, Refinancing my Property, Residential Mortgages

Save Smart: How to Manage Money and a Mortgage According to a recent Canadian Payroll Association survey, nearly 60% of Canadians don’t have enough money in the bank to cover even one month’s worth of necessary expenses. Too many homeowners are living on the edge of financial disaster, spending money that they should be saving. If you’re finding it difficult … Read More