The latest from the team at Patching Mortgage
You’re approved, now what? Top 10 tips for a smooth closing
OK, so you’ve received a mortgage approval, but completion isn’t for another sixty to ninety days. During this “in-between” time, follow the tips below to ensure everything
Tips on getting ready to be a first time home buyer
So you want to purchase a home, and stop renting. Great choice, and therefore you want a house, but you need a mortgage. You must
Purchase Plus Improvement Mortgage Program
Does your kitchen need an update? Is your bathroom in desperate need of a makeover? Maybe your home needs a fresh coat of paint, or
Federal RRSP First-Time Home Buyers’ program
Here is everything you need to know about The Home Buyers’ Plan (HBP) program. Defined: The Home Buyers Plan is a program that allows
Do you know what you can afford to buy?
The first step in the home buying process should be discovering your budget, although most of the times it’s not. The want most likely comes before
Whats the difference?
I’m consistently being asked, what’s the difference between…? So, I’m going to explain to you the difference between mortgage terms that are usually misunderstood. Hopefully,
election affecting your TFSA contribution
Currently their is no deadline for making TFSA contributions, but with the upcoming election, both the NDP and Liberal party have hinted at reducing the
What’s the optimal amortization rate?
When discussing mortgage options with my clients, many of them ask me what the best amortization rate is. I respond, “it depends” First off, one
What’s a gifted down payment?
A “Gifted” Down Payment has become very common for first time home buyers. A buyer’s family member will offer to provide a lump sum money to go
Power move for rental property financing
Are you looking to purchase rental properties? Historically, the minimum down payment was 20% and most often, it came from the buyer’s own resources, and could not be gifted. If
Canadians fearing the worst. Will we be like the US?
I’ve had many clients ask me, “how long will these low rates last, and will the banks substantially increase the rate, causing everyone to default,