What is a “Gifted” Down Payment?

A “Gifted” Down Payment is very common for first-time buyers. Essentially, a buyer’s family member will offer up money to go towards the down payment of their new home. A gifted down payment is often used when the new buyer does not have enough money to get to the 5%...

Down Payment

OK, OK, I’m finally writing my first blog! I must admit I am feeling a little, no, a lot intimidated right now as I think the “blogosphere” is already filled with people far more intelligent than me! I’ve been told to write about anything and...

Mortgage Brokers Provide Healthy Competition

Here is a great article talking, indirectly, on how mortgage brokers are very good for the economy and the end-consumers. In Australia, banks own over 93% of the mortgage market. There is no mortgage-securitization (CMHC) over there, which makes it very difficult for...

Down Payment On A Home

As a first time buyer beginning to do some research on your first home, where do you begin? Well, let's start at first base – Down Payment On A Home. How much? When? Why? How? Where? All kinds of questions!!!! The minimum down payment you** are required to...