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First Time Home Buyer RRSP Program

First Time Home Buyer RRSP Program

The Canadian government offers the Home Buyers’ Plan (HBP) which allows first time home buyers to withdraw RRSP funds to use towards the purchase of a principal residence.  If you are not sure if this is a sound option, let’s connect for a quick chat to run through...
How to Save For A Down Payment

How to Save For A Down Payment

Saving for a down payment to purchase a home can be a challenge. There are a few potential sources of down payment that are recognized by mortgage lenders. If you’d like to discuss options in greater detail, let’s connect for a quick chat to run through your current...
What is CMHC Insurance?

What is CMHC Insurance?

Canada Mortgage and Housing Corporation (CMHC) is a government department that acts as the national housing agency. One of their main functions is offering mortgage default insurance to Canadians applying for mortgages. There are two other mortgage insurance providers...
Mortgage Deferrals Pros and Cons

Mortgage Deferrals Pros and Cons

One of the effects of COVID-19 has been the negative impact on the economy. With many residents in the Niagara Region losing their jobs or suffering lay offs, the ability to make mortgage payments has been a primary concern. The lending community responded immediately...