1. Don't overbuy on your first home --- everyone has a dream home in their preferred neighbourhood however know your budget and stick with it. You will be better off with smaller payments on your home and you can always upgrade it the future  2. Know how much you can afford --- lenders have formulas to determine how much you can afford but they aren't always working in your best interest. Crunch some numbers yourself! 3. Downpayments --- aim for a 20% downpayment however you... [read more]

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]