Durham Region Real Estate Blog

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Help for First Time Homebuyers

Buying your first home can be both exciting and scary at the same time.  It is likely going to be one of the biggest decisions of your life so far, so it makes sense to get all the information you can up front.  This article deals with programs that can help you with the financial side of the process.

You can also read the following articles...

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First Time Homebuyers' Guide - Part 1

For those of you contemplating buying your first home, the dream is both exciting and daunting at the same time.  Homeownership can be very satisfying but comes with costs and responsibilities and the process can be intimidating.  This article will help break down the process and give you confidence in tackling this dream!

Do I Qualify...

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First Time Homebuyers' Guide - Part 2

With the information gathered in Part 1, you should have an idea of how much payment you can afford, as well as an idea of what kind of down payment you can come up with.  

Get Pre-Approved!


Along with your Realtor and Mortgage Broker or bank mortgage specialist, you should be able to come up with a price range for homes. At this time, you should...

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The Canadian Mortgage and Housing Corporation has announced an increase to mortgage loan insurance premiums by up to 126% beginning March 17.

 

Another Hit to Affordability

 

In yet another move that will impact the ability of purchasers to afford to buy a home, the increases will make it even more difficult for first-time buyers. This...

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The Canadian Mortgage and Housing Corporation (CMHC) has announced a change in policy that makes it easier for those who plan to rent out part of their home.

 

When applying for a mortgage with a federally regulated financial institution (banks, insurance companies), you must get mortgage insurance or have a minimum down payment of 20% of the purchase...

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Mortgage Insurance OntarioThe Canadian Mortgage and Housing Corporation, or CMHC, has announced new mortgage loaninsurance premium increases that go into effect May 1, 2014.

 

These changes will apply to new applications submitted on or after the deadline, but won't affect existing mortgages, or ones that are applied for before the deadline, even if they close afterward....

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