The prospect of a mortgage and owing a huge sum over decades — whether you’re arranging or renewing financing on a home — can be daunting. And when you look at how much of your payments go toward the interest in the early years of your mortgage, that’s even more discouraging. Jared Ksenica, BMO’s regional vice-president for the GTA mortgage specialist sales force. Discuss with your adviser the length […]
If you rent a home or apartment, you’ve probably dreamed about one day ditching your rental bill and investing in a home of your own. Investing in property has long been a part of the American Dream, but the seemingly insurmountable down payment obstacle stops most would-be homeowners right in […]
You likely can’t get a mortgage to buy a home without home insurance, so you might as well know how much home insurance costs – and know how you can get the best deal on homeowners insurance. Average home insurance costs vary from state to state (as home insurance rates […]
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and […]
