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First Time Buyers

Never purchased a home before? Worried about getting approved for a mortgage? Wondering how to dot the i’s and cross the t’s? The answers are here.

  1. Buying a property: follow the guide!

    by Denis Doucet What you’ll learn The five step process during a property acquisition To make it a little easier, here’s a handy step-by-step guide to follow when purchasing a new property: Step 1. Are you making the right choice? Is the property in question convenient to your lifestyle and priorities? Ownership does have its benefits, […]

  2. How to successfully move

    by Multi-Prêts Mortgages What you’ll learn Using a professional mover or not? Dealing with your mail Getting ready For some, it’s practically an annual tradition. For others, it’s a painful task to be avoided at all costs. No matter which camp you fall into, here are a few tips and tricks for a successful move. […]

  3. What is a mortgage loan insurance?

    by Multi-Prêts Mortgages What you’ll learn Overview Loan insurance in case of death Loan insurance in case of disability  Overview There’s no denying it, the purchase of a residential property represents the biggest investment of a lifetime. This decision holds its share of doubts and repercussions. It is therefore worthwhile to find out more about […]

  4. Buying your first property: A journey into the unknown

    by Denis Doucet What you’ll learn Step-by-step process of buying a property Support available to you through Multi-Prêts Tips to simplify the process and save you trouble The time has come for you become a homeowner. There are three final steps on this road before you claim your kingdom: the groundwork, the inspection and verification process, […]

  5. Tax benefits when purchasing your first home

    by Multi-Prêts Mortgages What you’ll learn Home Buyers’ Plan (HBP) First-time home buyer’s tax credit  We often talk about all the expenses, especially the unforeseen ones, that come with the purchase of a first home, but it’s also important to bring up the advantages. Building an estate. No longer having to deal with a landlord who’s […]

  6. 4 ways to avoid mortgage traps

    by Multi-Prêts Mortgages What you’ll learn Down payment Budget Credit report Shopping around  Even with the help of a broker to help you see things clearly, you’re always better off knowing about mortgage traps. Here’s how to avoid them. Think long and hard about your down payment If your savings allow it, it can be worthwhile […]

  7. Buying a new or used home: advantages and disadvantages

    by Multi-Prêts Mortgages What you’ll learn Why you should buy new Why you should buy used When the time comes to buy a property, the difference between new and used goes far beyond aesthetic and stylistic considerations. To help you make an enlightened decision, here are a few key differences between new and used homes.  […]

  8. The advantages of buying with a down payment exceeding 20%

    by Multi-Prêts Mortgages What you’ll learn The time factor Loan insurance Mortgage rules  When the time comes to buy, is it better to put down a big down payment? As every situation varies greatly, it’s impossible to provide a definitive answer. Your decision should take your needs, your means and your targeted market into account. […]

  9. How to buy your first plex in your twenties

    by Multi-Prêts Mortgages What you’ll learn Starting a business Having the means Making an enlightened decision All too often, millennials are accused of mismanaging their finances and having no long-term objectives.  And yet, the housing market is home to many young entrepreneurs who decided to make their savings grow and build their wealth before their […]

  10. Divided or undivided co-ownership? Learn the difference

    Multi-Prêts Mortgages What you’ll learn Defining divided and undivided Pros and cons Optimizing undivided conditions and minimizing unforeseen risks.  A co-ownership is defined as a property owned by many people. It can be either divided or undivided. There are many differences between the two, but each presents a list of pros and cons that you’re […]