Should I Use RRSPs For A Down Payment?

familylendingMortgage Talk Canada

Bulk up your down payment with help from your Registered Retirement Savings Plan. The Home Buyers’ Plan (HBP) is a program from the Government of Canada that allows first time home buyers to withdraw up to $25,000 from their RRSP towards their Canadian mortgage rate down payment for their first home, tax free. How Does the Home Buyer’s Plan Work? … Read More

Planning to Retire With a Mortgage? You’re Not Alone

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, Credit Rating,, Financial Tips, General Interest, Household Budget, Mortgage News, Mortgage Term, MortgageCanadaCalculator, Real Estate Advice

Canadian’s won’t be retiring their mortgage debt anytime soon, according to a recent survey by the Bank of Montreal. Data shows that more than half (51%) of Canadian homeowners plan to carry their mortgage into their retirement. But there’s more to this figure than meets the eye, says Phil Soper, chief executive of Royal LePage Real Estate Services. Soper argues that … Read More

Should You Pay Off Debt or Invest in Your RRSP?

EditorAgricultural Mortgages, Commercial Mortgages, Financial Tips, General Interest, Mortgage Down Payment, Mortgage Term, Mortgage Types, Residential Mortgages

With the RRSP deadline looming, many Canadians are trying to make sense of their investment options. Personal debt levels in Canada have hit record highs, most of us don’t have a pension to fall back on and our retirement savings are far from adequate. Which leads us to the perennial problem: Should Canadian’s focus on paying off their mortgage and … Read More

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

First-time Home Buyer Help: Mortgage Pre-Approvals and Down Payment Options, 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 are here to help … Read More