I often get asked what the difference is between using a mortgage agent or broker and going through a bank. We are both offering mortgage products right? While that statement is correct, to some degree, there are many benefits to using a mortgage agent or broker that far outweigh those of the bank.

As 2021 approaches, it’s a good time to take a look at the incentives that will remain for First-Time Home Buyers into the new year. As home price increases begin to slow, and mortgage interest rates reach historic lows, for many people, it may be a great time to make that leap into purchasing their first home.

One of the largest mistakes first time home buyers make is taking on more house than they can afford. As a general rule, home buyers should look at spending no more than 30% of their take home pay on housing. This 30% encompasses more than just the mortgage payment.