Season’s Greetings from Straight Forward Mortgages - Stephen Guertin. We wish you and your family a wonderful holiday season and a happy, healthy, and prosperous New Year 2023!

The Tax-Free First Home Savings Account ("FHSA") explained If you or someone you know is saving for a down payment on their first home, the Federal government announced a new program aimed at first-time buyers in their recent budget. The First Home Savings Account combines the features of an RRSP and TFSA to give prospective homeowners some tax relief and a boost toward their homeownership goals.

The Bank of Canada has been signaling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight rate by 0.25%. Here are answers to the most commonly asked questions.

Buying a house is a new and emotional experience, so it’s common to have a few hiccups along the way. Since a home is the single most valuable purchase for some people, the entire process can also be tricky to navigate if you’ve never done it before. Falling into a home loan may seem all too easy, but the lender relationship is never the kind you should just jump into. It will remain for many years, and it’s the most significant financial investment you’ll likely ever make. It pays to take it slow and make sure you find the best mortgage situation possible.

Straight Forward Mortgages - Stephen Guertin wishes you and your family a happy and safe holiday season and all the best for the New Year 2022!

A reverse mortgage is a type of financial loan that allows Canadian homeowners fifty-five years old or over who have little or no income to continue living in their home while they use their property as a source of income. This financing solution gives them access to tax-free cash with no mandatory ongoing payments.

Housing is quite an expensive affair, and it’s often one of the biggest financial ventures you will take on. So before you buy your first home, you should be mindful of few things, especially when it comes to costs and how much you can afford. After all, getting the right property and mortgage deal can make the whole home-buying process easier.

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Original Article Source Credits: loans canada, https://loanscanada.ca

Article Written By: MARK GREGORSKI

Original Article Posted on: NA

Link to Original Article: https://loanscanada.ca/credit/what-to-do-if-you-have-a-zero-credit-score

Original Article Source Credits: betterdwelling, https://betterdwelling.com

Article Written By: Stephen Punwasi

Original Article Posted on: JUNE 17, 2021

Link to Original Article: https://betterdwelling.com/canadian-bank-regulator-tightens-credit-as-the-household-debt-risk-emerges-again

I’m Stephen Guertin, the proud owner of Straight Forward Mortgages. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

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What affects mortgage rates? Government policies to protect the economy during the pandemic resulted in exceptionally low mortgage rates for both fixed- and variable-rate mortgages.