2 YEAR 1.99%*

3 YEAR 2.79%*

4 YEAR 2.94%

5 YEAR 2.54%*

5 YEAR Variable 2.90%*

Updated August 29th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

10 questions you probably have about buying a home

MoneySense ~ November 22nd, 2017

If it’s your first time buying, here’s some clarity

Thinking about buying a home? It can feel like an intimidating process and you probably have about a million and one questions about this big step. Here are 10 helpful queries we’ve answered recently that might help you on your journey to homeownership.

1. Is this the right time to be buying a house?
So you want to buy a house but fear the market is going to crash any second? The market’s imminent crash has been predicted time and time again. Here is all you need to do to make the right choice.

2. How does your credit score affect your mortgage application?
What’s more important when applying for a mortgage: your credit utilization or credit to income ratio? And can you better your credit score by reducing your credit utilization? They’re both equally important but in different ways. See what you should do with your credit and the rule of thumb for debt when going for a mortgage.

3. What’s the best type of mortgage if you’re a first-time home buyer?
Make sure to factor in your timeline and whether flexibility of moving your mortgage is important to you. That being said, a five-year fixed rate mortgage is usually the most popular. But if you can’t decide, a hybrid mortgage might be the best choice for you.

Click here to read the full article.