Mortgages Explained - Latest Posts
Alex Lavender helps Nova Scotians get the best mortgage for your dream home. Whether you need a self employed mortgage or are looking to do construction with a mortgage plus improvements program, Alex can help. Or if you’re just looking for more information on mortgages checkout these blog posts for helpful tips. Alex is one of Halifax and Dartmouth's top rated mortgage brokers. Known for his kindness and flexibility he provides you with all the info you need to get the best rates!
Featured Article
Understanding the Letter of Employment for Mortgage Approval
Navigating the path to homeownership in Canada involves more than ...
Open Mortgage vs. Closed in Canada: Pros and Cons
When it comes to selecting a mortgage in Canada, one of the first decisions you’ll face is choosing between an open mortgage vs. closed mortgage. Each type offers distinct advantages and limitations, tailored to different financial situations and long-term goals. This comprehensive guide explores the pros and cons of open and closed mortgages, helping you ...
10 Ways For How To Build Credit Score in Canada
In today’s financial landscape, having a solid credit score is akin to holding a golden ticket to achieving your financial goals, whether it’s securing a mortgage for your dream home, financing a new car, or qualifying for the best credit card offers. In Canada, credit scores range from 300 to 900, and climbing towards the ...
How Canada’s 5 Year Bond Yield Influences Mortgage Rates
In the complex world of Canadian real estate financing, one of the most pivotal yet often overlooked factors is the influence of Canada’s 5 year bond yield on mortgage rates. This relationship is vital for anyone in the market for a new home or considering refinancing options. Understanding how these bond yields sway mortgage rates ...
Down Payment For First Time Home Buyer In Canada Guide
Embarking on the journey of purchasing your first home in Canada is an exciting, albeit daunting, venture. One of the most significant steps in this process is understanding and preparing for your down payment. This article delves into the essentials of down payments for first-time home buyers, offering insights and advice to make this journey ...
A Quick Guide to The First-Time Home Buyer Programs in Nova Scotia
Hey There, Future Homeowners! Ready to take the leap into buying your first home in Canada? It’s super exciting, but let’s be honest, it can feel like a bit of a maze. Let’s break down the first-time home buyer programs that Canada offers, making your journey to homeownership a bit smoother and definitely more affordable. ...
Bank vs. Broker: Choosing the Right Path for Your Mortgage
Why Use a Mortgage Broker? A mortgage broker is a one-stop shop that looks out for your best interests. You can think about it on a much smaller scale like this: If you are purchasing a TV, you can either go directly to the company’s store or to a big box store that supports a ...
Divorce Mortgage Solutions: Navigating Home Loans Post-Separation
Navigating through a divorce or separation is challenging, especially when it involves splitting assets, including your home. Understanding your mortgage options during this transitional period is crucial to ensure both parties can move forward with financial stability. As a seasoned mortgage broker, I’ve compiled essential information to help you understand the various mortgage options available ...
Meet the FHSA: Your New Best Friend on the Path to First-Time Homeownership
Let’s talk about a shiny new tool in your home-buying toolkit – the First Home Savings Account (FHSA). If you’re saving up for your first home and wondering how to make every penny count, the FHSA might just be the answer you’ve been looking for. Let’s dive into what this account is all about and ...
GST/HST New Housing Rebate for First-Time Homebuyers in Canada
Stepping into your new home is an exhilarating experience, but let’s face it, it can also make a dent in your wallet. Good news, though – if you’re a first-time homeowner in Canada, the GST/HST New Housing Rebate might just be the financial breather you need. Let’s dive into what this rebate is all about ...
Nova Scotia’s Down Payment Assistance Program (DPAP)
Taking the first step into homeownership is thrilling, but let’s be honest, coming up with that down payment can be a bit of a hurdle. If you’re a first-time homebuyer in Nova Scotia, I’ve got some great news for you. The Down Payment Assistance Program (DPAP) is here to lend a hand. Let’s dive into ...