Monthly Archives: Monday June 8th, 2015

It is important to know what credit bureau is.

Monday June 8th, 2015

It is important to know what credit bureau is.

A credit bureau is your financial x-ray; it rates  your ability to pay or reimburse your debts, which in turn, establishes your credit worthiness to lenders. If you are looking for a property, you must make sure that your credit bureau has all the correct information in your file. When you ask for mortgage pre-qualification, […]
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Use your RRSP as a down payment on a your real estate purchase.

Monday June 1st, 2015

Use your RRSP as a down payment on a your real estate purchase.

How can you use your RRSP as a down payment on a real estate purchase? How do financial institutions manage this procedure? It’s really quite simple. If you are considered a first-time buyer*,  you can withdraw $25,000 from your RRSP without any income tax penalty as soon as you have submitted an unconditional purchase offer. […]
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