Blogs

How much money do I need to buy a home? Where can the funds for my down payment come from?

Your down payment is one of the three main pillars that supports your mortgage application. It represents the equity you will put into the property you're buying and determines how much money you will need to borrow from a mortgage lender.

Saving to buy a home is more than just putting together a down payment. Even though the down payment gets all the focus and planning, there are additional costs you'll incur and need to cover. We walk you through those other costs and fees, allowing you the opportunity to both plan for them and more importantly not be surprised by the actual amount needed to pay for them.

You know the feeling. Your eyes light up when you first see the photo. Your excitement heightens when you're there in person but at a distance. As you approach, step by step, your heart beats rapidly at the thought of the possibility of a relationship. Then you walk through the front door of the house you've found for sale.

It may seem like a simple question, but if you're starting on the path to buying your first home it's important to ask yourself, “Why?”. In our experience, people usually have mixed reasons:

Our Insurance expert, Nicole, shares her thoughts on the importance of holding an insurance policy.

Whenever someone asks me about the importance of insurance, a story always comes to mind.

When I first started in insurance, I was training with a group. One woman, when asked about her understanding and history with insurance, related a story that still resonates with me today.