A good article here in The Globe and Mail here by Rob Carrick
But first, some required prior reading from my blog:
Is Your Mortgage Pre-Approval Really a Pre-Approval?
And now that you’ve read my blog post above (you did read it, right?) back to the article:
Your personal finance to-do list for this week:
- Get your financing lined up if you want to buy a house;
- Learn how to have respectful spousal money discussions that don’t escalate into nastiness;
- File your taxes, even if you have until June 1.
- You’ll need that to qualify if you are self-employed and your income is higher in 2019 than in 2018 and 2017. Talk to your Mortgage Broker for more on this. And here is the link to the full article:
With unemployment rising and incomes plunging, expect to see home prices fall in the months ahead. First-time home buyers with job security, this is your time. Get pre-approved for a mortgage while we wait for physical distancing guidelines to be relaxed enough to allow for more normal real estate market conditions. Read on below…