Our guide on how to get a mortgage will show you the essential steps you’ll go through to get approved for a home loan. From determining affordability and improving your credit score to saving for...
A mortgage preapproval will give you a good idea of your home loan options, price range, and how much your monthly payment might be. Learn how to get preapproved.
First Time Buyer ; The difference between leasehold and freehold properties ; Best first time buyer mortgage deals ; Mortgage calculator: How much can I borrow?
The down payment impacts your mortgage type, the amount of your loan, and the loan's terms and conditions. ; A larger down payment will give you a lower loan-to-value ratio, or LTV, and you may qualify for lower interest rates. ; The average first-time home buyer pays 6% upfront and finances the balance. ; Down payments commonly range from 3% to 20% of the purchase price.
How much equity do you need to refinance? Many loan programs require at least 20%, but some lower-equity options exist.
Applying for a mortgage can be daunting, but our guide explains everything you need to know, including what documents you need and how a broker can help.
what a mortgage lender is willing to lend you. You need to... How Much of a Mortgage Can I Afford? Generally speaking, most prospective homeowners can afford to finance a property whose...
If you’re looking to get a mortgage with no money down, here’s a guide to get started finding zero down mortgages.
If you have a mortgage, or you’re looking to get one, learn what life insurance requirements you might need. Learn about life insurance with Halifax.
After making the decision to buy a home and figuring out how big a down payment you will make, you need to figure out how much you'll need to borrow and what type of mortgage you want to get.