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 […]
Q. My 83-year-old aunt pays $3,000 a year in property taxes. Her house is paid off. She lives in it. She wants to defer payments of the taxes. Let’s say she passes away in five years. When the house gets sold, will the $15,000 she will then owe get taken […]
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If you want to buy a house any time in the near future, your credit score matters. Lenders use your credit score to determine how risky it is to loan you money. With a higher score, you’ll have a better chance of getting approved for a mortgage. Also, you’re more […]
