First Home Mortgage

Step by Step: how to get a mortgage if you are a new immigrant

Home ownership is a dream nearly all Canadian’s share The purpose of this article is to provide a recent immigrant and new Canadians with a step by step guide for mortgage qualification. How to qualify for a mortgage as a new immigrant Just as we’ve discussed before, there are three basic criteria for mortgage qualification: credit…

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Reduce The Mortgage Related Cost

How To Reduce The Mortgage Related Cost Of Purchasing a Rental Property

How to minimize the cost(s) of financing a rental/investment property Owning a rental property is a lot like owning a corporation in the sense that minimizing costs, and maximizing profitability. The cost(s) of owning a rental property generally break down as follows: Mortgage Interest Cost Maintenance Property Taxes HOA/Condo Fees Utilities For the most part,…

1 Commentinvestment property, mortgage loan insurance, Mortgage Tips, rental property