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Tag - Vital Information for Newcomers to Canada

Your Down Payment: Vital Information for Newcomers to Canada

When buying a home in Canada, even Canadians don’t purchase their home by paying for the entire cost. As a newcomer, you’re also not expected to cover the full cost without help. For instance, when you purchase a home in Canada there are two financial money sources that can help you: Source #1: A mortgage Your mortgage is a legal agreement that allows you to borrow money from a lender, such as a bank or private lender. Source #2: Your down payment Your [...]