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Financing

Not sure how to put together a down payment? Want to buy a second property? How can you leverage your home equity to pay for your children’s post-secondary education? Dare to dream. You’ll find your answers here.

  1. How to finance your home renovations

    What you’ll learn Self-financing For small projects For large projects There comes a time when a little change can do a world of good. If minor aesthetic changes aren’t enough, and you don’t want to go through the hassle of moving, a renovation project may be in order. If you’re looking to borrow in order […]

  2. How to develop healthy financial habits

    by Multi-Prêts Mortgages What you’ll learn Better manage your credit card Make a budget Assess your personal finances Develop good saving habits Better manage your credit card A credit card is an excellent tool if used wisely. With a little discipline, it becomes the best financial tool to create a good credit history, which allows […]

  3. Demystifying mortgage deeds

    by Multi-Prêts Mortgages What you’ll learn The notary: An impartial legal expert Conventional mortgage or umbrella mortgage? Speak to your broker Have you just been approved for a mortgage? Congratulations! There’s still one last thing to do, however, before your loan becomes official: make an appointment with a notary. Under the Quebec Civil Code, mortgages […]

  4. Alternative mortgage lenders

    by Multi-Prêts Mortgages What you’ll learn What is an alternative loan? Who is it for? What is an alternative loan? Although still marginal, alternative mortgage loans are starting to get Canadian buyers talking. In 2015, they were estimated to make up a little over 2% of the market, whereas they never rose above 1% prior […]

  5. How a mortgage broker saves you money on your mortgage

    by Multi-Prêts Mortgages What you’ll learn A mortgage broker calculates your borrowing capacity They help you put your application together They negotiate the best rate for you They ensure that the whole process goes smoothly, right up to the transaction Their services are free Planning on taking out a mortgage in the near future? You […]

  6. How to improve your credit score

    by Multi-Prêts Mortgages What you’ll learn Review your credit report Correct any errors How to maintain a good credit score Consult your broker to improve your credit score In today’s world, and in light of recent data theft scandals, more and more consumers are looking into their credit score. After all, this deceptively simple piece […]

  7. How the interest rate cut affects your mortgage

    by Multi-Prêts Mortgages What you’ll learn The effect of the rate cut on your mortgage Variable rate mortgages: The biggest impact Fixed rate mortgages: A smaller impact Don’t forget about the penalty Brokers who adapt to your needs If you follow the financial headlines, you’re likely aware that the Bank of Canada made a rare […]

  8. Mortgage refinancing: How it works and its advantages

    by Multi-Prêts Mortgages What you’ll learn Using your home as a financing tool How does mortgage refinancing work? The home equity line of credit (HELOC) Are you eligible for refinancing? Are you familiar with mortgage refinancing? Wondering if it’s the right option to fund your projects or consolidate your debts? To help you out, here’s […]

  9. What is the maximum amount you can borrow when buying a home?

    by Multi-Prêts Mortgages What you’ll learn The infamous “welcome tax” and other home-buying fees Leaky roofs and other unforeseen expenses Yikes—rates are going up! Leaving yourself a margin of manoeuvre How much can I borrow? That’s something you’re probably wondering if you’re in the market for a new home. The answer to this question is […]

  10. How to get out of debt without declaring bankruptcy

    by Denis Doucet What you’ll learn Budgeting and prioritizing debt   Debt consolidation and consumer proposals  Mistakes to avoid