Which is Better? RRSP Loans or Cash Back Mortgages

EditorGeneral Interest, Household Budget, Housing Costs, Real Estate Advice

Have you made your RRSP contribution yet? This year’s deadline is February 29th, so don’t wait too long. Contributing to a Registered Retirement Savings Plan (RRSP) can have a major impact on your financial situation, saving you hundreds on your annual tax statement. And that’s just the beginning! Budget-savvy individuals will also enjoy the long-term growth of their investment. Unfortunately, finding … Read More

Should You Use Your RRSP To Buy Your First Home?

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

Purchasing your first home can be tough, especially when it comes to scrounging up a sizable down payment. In Canada, you must be able to cough up a 20% down payment in order to avoid purchasing costly mortgage insurance. If you’re struggling to find enough cash to meet this requirement, don’t throw in the towel quite yet. Under the Home … Read More

Things to Consider Before Buying a House

familylendingCredit Rating, First Time Home Owner, General Interest, Household Budget, Mortgage Types

Buying a home is a big investment – both financially and emotionally. Make sure you’re properly prepared by considering the following things prior to submitting a purchase offer. Your Credit Rating If you aren’t aware of your credit rating, now is the perfect time to do a little investigating. Making sure your finances are in order is probably the most … 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