20Oct2015 Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How CBC National Bank Home Mortgage Tips 0 Comment A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizable down payment. That’s why lots of people regularly gift down payments to friends and relatives – it’s a great way to help young people start out on the path of home ownership.
05Aug2015 The Down Payment: Four Great Reasons To Make The Largest Down Payment You Can Afford CBC National Bank Home Mortgage Tips 0 Comment If you’re looking for a new home, you’ve probably heard lots of advice about down payments. About how it’s okay to just have a five percent down payment – you’ll still get approved. About how you should make the down payment as small as possible to avoid cash flow problems. Here are just four reasons why you should make the largest down payment possible.
13May2015 Saving Up for Your Down Payment? Try These Money-saving Tips to Speed Things Up CBC National Bank Home Mortgage Tips 0 Comment One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money.
21Apr2015 The Pros and Cons of Putting in More Than 20 Percent as a Down Payment on Your New Home CBC National Bank Home Mortgage Tips 0 Comment One of the most common questions home buyers ask today relates to how much money they need to put down on a home. There are several points to consider to determine if making a larger down payment is right for your financial situation.
18Feb2015 Saving Up for Your First Home? Our Guide to Finding Ways to Save Your Down Payment Faster CBC National Bank Home Mortgage Tips 0 Comment If your goal is to purchase a home, you may find that it is challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable.
18Nov2014 The Down Payment: Everything You Need to Know About Your Down Payment on a New Home CBC National Bank Home Mortgage Tips 0 Comment Whether you’re just starting to shop for a new home or you’ve found the perfect house and are crafting your offer, if you’re taking out a mortgage to help cover your real estate purchase you’ve likely given some thought to your down payment.
08Jul2014 Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford CBC National Bank Home Mortgage Tips 0 Comment When taking on a new mortgage it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain.