Using a HELOC for a Down Payment on an Investment Property
Real estate remains one of the most popular ways to build long-term wealth in Canada. However, one of the main challenges new investors face is securing the down payment required to purchase an income property. Saving tens or hundreds of thousands of dollars can take years, and in competitive housing markets, waiting too long can […]
Do You Need a Down Payment When Porting a Mortgage?
If you already have a mortgage and are planning to move to a new home, you may be considering porting your mortgage instead of breaking it. Porting allows you to transfer your existing mortgage—including its interest rate, remaining balance, and term—from your current property to a new one. This can be especially beneficial if your […]