by Peter Lirantzis | Nov 13, 2020 | Blog, Economy, Homeownership, Mortgage
There are a lot of unknown terms you’ll come across while buying a home – particularly as a first-time homebuyer. Two common payments that homebuyers sometimes use interchangeably, but are quite different, are “deposit” and “down payment”. Deposit When buying...
by Peter Lirantzis | Nov 6, 2020 | Blog, Homeownership, Mortgage
How Does Skipping a Mortgage Payment Work? Many lenders provide the option for you to skip a mortgage payment each year to help alleviate those tight financial months where everything seems to come due at once. But this also may be an option to help you push...
by Peter Lirantzis | Oct 23, 2020 | Announcements, Homeownership, Mortgage
The federal government introduced a six-month Mortgage Deferral Program – which officially wrapped up September 30th – to help Canadians stay in their homes while the job market recovered from COVID-19. With the deferral program coming to an end, stress has mounted...
by Peter Lirantzis | Oct 9, 2020 | Blog, Economy, Homeownership, Mortgage
Often times, when you buy a property, there’s a gap between your home’s closing date and the day in which your lender withdraws your first mortgage payment from your bank account. During those in-between days, interest is accumulated on the money you owe, and a...
by Peter Lirantzis | Oct 2, 2020 | Blog, Economy, Homeownership, Mortgage
In the simplest of times, debt has a way of creeping up and quickly causing grief in our everyday lives, not to mention the havoc it can wreak during a pandemic, creating extra stress and uncertainty. A debt consolidation mortgage is an affordable way to pay...
by Peter Lirantzis | Sep 18, 2020 | Blog, Homeownership, Mortgage
One of the most challenging obstacles to homeownership is saving enough money for a down payment. Thankfully, mortgage default insurance provides a break to homebuyers that enables you to put less money down. The minimum down payment required to purchase a...
