What Are Closing Costs? Closing costs are one-time expenses associated with the purchase of a home. If you’re settled on purchasing a home, you have to account for these extra outlays in your budget. A common mistake for homebuyers is to underestimate the amount...
Saving for a down payment can be challenging. It can take many years to accumulate the funds needed, and for those who are not blessed with deep pockets, it can be downright impossible. Sometimes, the only way to obtain the funds for a down payment is through...
Five Traditional Sources of Down Payment Mortgage rules in Canada require that buyers put down a minimum down payment of 5% of the sales price of a home, so once you’ve made the decision to purchase it’s time to decide how you will obtain the necessary...
