tonia503

Saving for a down payment is a huge accomplishment — but before you make an offer, it’s important to factor in closing costs  so there are no surprises at the finish line. A good rule of thumb is to budget 1.5–2% of your purchase price  for closing costs, regardless of how much your home costs. These fees cover everything involved in legally transferring ownership and finalizing your mortgage. Here’s what that typically includes in Newfoundland: 1. Legal Fees & Disbursements Your lawyer will...

Not all help is equal. When you’re struggling with debt, it can be hard to know which path will help you move forward fastest. In Canada, the two most common options people consider are bankruptcy  and a credit proposal  — but they’re not created equal, especially if you plan to qualify for a mortgage in the future.. Let’s break it down. Bankruptcy  typically lasts around 10 months . During that time, you’ll make minimal payments to your trustee, and once it’s discharged, you can start...

More Canadians are entering retirement with a mortgage—and it’s not necessarily a bad thing. Rising home prices, financial support for...