To start, let us reassure you by saying that you CAN buy a house. Whether you have declared bankruptcy or have very bad credit, it is possible to purchase a dream home like you always wanted to! The only difference is that you will have to pay more for a mortgage than someone who has a better credit
First Time Home Buyer Grants Ontario (2018):
Buying a home can be expensive. With the new mortgage rules, rise in prices and interest rates, home buying has become stressful especially if it’s your first time! In this article we bring you 11 first time Home buyer grants to ease the strain on your wallet. RRSP HOME BUYERS’
How your credit score and debt ratios affect your mortgage worthiness
Lenders look at many factors when they consider an application for approval. They review your credit scores, the property that you are looking to purchase and your source of down payment just to name a few. One of the Key factors here is your credit score. Your credit score can directly affect t
Why You Need a Mortgage Pre-qualification AND Pre-approval
Many first homebuyers may not be aware of the steps that are required to obtain a mortgage. They may dive straight into a bank to seek for a mortgage and end up getting disappointed as they found out they do not have the qualifications for it. There are three steps a first time home buyer needs to t
Supreme Court Decision Paves Way for Home Buyers to Have More Access
Rejoice homebuyers! The ReVa team has been working hard to bring more information being readily available to first time homebuyers! This is now possible as the Supreme Court of Canada has rejected to hear an appeal from the Toronto Real Estate Board (TREB) regarding keeping agents from publishing ho
Who offers the better rate? Mortgage Brokers or Big Banks?
There are many options to get a loan for a house, either a mortgage broker or a big bank, a difference in a rate can cost you thousands of dollars. As the housing prices are going up and the stress test has been implicated, it has become even harder for some to get mortgages. For many first time
Are Home Prices Finally Dropping In August for Toronto?
The only thing that seems to be stable at this time is the hot weather. Housing prices in Toronto and the GTA seem to be fluctuating this month. Since the implication of the ‘stress-test’, it has caused many first time homebuyers difficulties buying their homes - and for some even delay the proc
Top neighbourhoods to buy in GTA (2018-2019)
Choosing where to buy a home is an intensely personal decision, but gut feeling alone shouldn’t guide the biggest financial decision most of us will make in our lives. For most Canadians, housing is both their largest asset and their largest source of debt. Whether you’re an income property i
The Great Millennial Debate: Rent or Buy
The ‘great’ Canadian dream of buying a house in your mid-twenties seems like a fantasy at this point. Almost a shocker that people in their 20’s were once able to buy a house! Nowadays, people born between 1980’s to mid 1990’s – millennials – are prime candidates to buy a house due to