How much down payment do I need?


You can buy a property with as little as 5 % down payment if you have adequate income and your credit is good. However, what you should consider is, when you put only 5% down payment you incur a CMHC cost of 3.25 % of your total mortgage. Now this amount isn’t a pocket expense [...]

How to Pay Off Mortgage Early?


There are actually quite a few ways by which you can pay off mortgage early as opposed to waiting for the full term. I will give you a few tips. One, whenever you go for mortgage if you have adequate income try to go for amortization Of 25 years instead of 30 years because by [...]