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Life's Turning Points

Important Steps

How Much Can
      You Pay For a
      Home

Downpayment

Using Your
      RRSPs

Closing Costs

Fixed or Variable
      Mortgage Loan

Payment
      Frequency

Amortization
      Period

Save or Pay
      Down Your Mortgage

Mortgage Loan Insurance

Home Insurance

Reducing Your
      Home Insurance
      Premium

Calculating Your
      Property Insurance
      Requirements

Renovations and
      Insurance


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Purchasing a Property

Purchasing a property is one of life’s important events, and a lot of effort is required to do it successfully. And, for many people, the purchase of a home represents their first big financial commitment.

Before you begin taking steps toward making your purchase—looking for a property, a mortgage lender, etc.—it is important to take note of the principal elements to consider so that you will be well prepared and confident as you go through this stage of your life.

Important Steps to Take




Assess your budget


How Much Can You Afford to Pay For a Home?

Insuring Your Loan to Reduce Your Downpayment

Using Your RRSPs to Increase Your Downpayment

The Issue of Closing Costs
       


Choose a mortgage loan


Choosing Between a Fixed or Variable Mortgage Loan

Choosing Your Payment Frequency

Choosing Your Amortization Period

Which is Better: Saving for Your Retirement or Paying Down Your Mortgage?
       


You also need to think about protecting your property


Mortgage Loan Insurance: Protection for You and Your Family

Home insurance:

  Home Insurance - Not Compulsory, But...
 

Reducing Your Home Insurance Premium

 

Taking an Inventory of Your Property

 

Calculating Your Property Insurance Requirements

 

Informing Your Insurer of Renovations to Your Residence
       



Mortgage Rates


Your Borrowing Capacity (Calculator)



Your Financial Profile (Calculator)


Mortgage Calculator


Glossary



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