Kristopher Mussell Home Financing

09/19/2023

Since your home is likely your most important asset, renovations can be a great way to increase your property value and also make daily living more comfortable. But before you start tearing down walls, consider your financing options!






https://www.scotiabank.com/ca/en/personal/mortgages/articles/financing-your-home-renovations.html

09/14/2023

Exciting new program that offers more value to our customers!
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08/21/2023

https://www.scotiabank.com/ca/en/personal/mortgages/switch-to-scotiabank-program.html

04/05/2023

The First-Time Home Buyer Incentive helps people across Canada purchase their first home. The program offers 5 or 10% of the home’s purchase price to put toward a down payment. This addition to your down payment lowers your mortgage carrying costs, making homeownership more affordable.

Reach out if you have questions, I'm here to help!

Learn how to get an additional 5 or 10% to add to your down payment on your first home.

03/16/2023

The new Tax-Free First Home Savings Account (FHSA) is expected to arrive in April 2023 and could be a great tool for first time homebuyers since it offers tax deductible contributions and tax free withdrawals!

The new Tax-Free First Home Savings Account helps Canadians save towards their first home.

02/21/2023

Where do you want to live?

Take time to decide on which city or town you want to live in and what type of home you want. Location plays a huge role in determining affordability. The price of a home will differ from one market area to another.

Are you looking for a condo, a townhome, a semi-detached or a detached home?

Here is a helpful checklist to compare home features during your search;

02/13/2023

Do you need mortgage default insurance?

Depending on what you’ve been able to save, you may be required to pay mortgage default insurance, which can significantly impact your budget.

If your down payment is less than 20% of the price of the house you want, then you’ll have to pay mortgage default insurance. The monthly cost of mortgage default insurance varies, your advisor can help you figure it out the exact amount and will add it to your regular mortgage payments.

For more information you can visit the link below:

https://lnkd.in/gcexrj8K

02/03/2023

A mortgage is really just another name for a home loan. When you get approved for the loan, you become responsible for the monthly payments plus the associated interest.



You’ll want to get pre-approved for a mortgage before you start looking for a home. It helps you and your real estate agent manage expectations and this way you won’t be hit with financial
surprises after you find a home you like.







Step 3: Mortgage preapproval - How much home can you afford?



The amount you’re preapproved for depends on a few different factors including: how much you’ve saved for a down payment, your income, debt, credit score, and where you want to live.

01/30/2023

Is it Better to Pay Down Your Mortgage or Invest?

https://lnkd.in/g926uhfR

01/25/2023

You’ll want to familiarize yourself with the ongoing costs associated with homeownership and see if you can afford them.

First, take a deep dive into your finances. Examine your monthly income, your spending, and any debt you may have. Are you paying off student loans? Do you have credit card debt? Are you making monthly car payments?



Our Money Finder calculator can help you figure out where your money is going and what you might cut back on.

https://www.scotiabank.com/ca/en/personal/investing/investment-tools/money-finder-personal-budgeting-calculator.html

01/17/2023

Buying a home is a huge financial decision, probably one of the biggest you’ll ever make. There are a lot of things to consider before taking the plunge, but the process doesn’t have to be complicated.



Try our Rent or Own tool to help with this decision;

https://lnkd.in/gF7uzqpt

12/23/2022

Best wishes for a joyful holiday season and Happy New Year!