If you are considering buying a home don’t forget about the importance of your credit score. This video explains what a credit score is and where it comes from.

Tags: Credit Score, Equifax, First Time, Home Buyer, Transunion

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The Truth About The HST and a Secret GST Rebate

If you are considering buying a home don’t forget about the importance of location. A busy street is likely to be less desirable and less marketable if you ever need, or want to sell. This video highlights one of the dangers of living on a busy street.

Tags: first time buyer real estate location tip, first time home buyer programs, home mortgage interest rate, Scott Peckford

Down payments are generally one of the hardest hurdles for first time buyers to clear when getting into a new home. This video will attempt to explain some of the nuances of down payment and how you have more options than you may realize.

This video will answer the following:

• What are the 3 sources of down payment that lenders will accept?
• Why lenders scrutinize down payments?
• What is more important than the type of down payment?

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Tags: first time home buyer loans, HBP, Home Buyers Plan, home loan down payment, low down payment homes, mortgage down payment, RRSP down payment, Scott Peckford

The most stressful mistake first time buyers make is not getting ‘properly’ pre-approved. This is probably one of the simplest problems to solve, but you do need to understand how this works.

This video will answer the following

• What is the difference between a pre-approval and a rate hold?
• The number oneway to tell if your banker or broker is experienced or not?
• How you will know if you have a ‘proper’ pre-approval?

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Tags: first time home buyers, pre approval mortgage, proper pre-approval mortgage, Scott Peckford

Mortgages come with several different options. Open or closed, fixed or variable. This video will explain the differences so you can make an informed choice.

The video will answer the following:

• What is the difference between fixed and variable rate mortgages?
• What is the difference between an open and a closed mortgage?
• What do most First Time Buyers choose when getting a mortgage?

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Tags: fix rate mortgages, mortgage interest, mortgage loan, mortgage rates, Mortgages, Scott Peckford, variable rate mortgages

Property Taxes are one of the most confusing taxes you have to pay as a first time buyer. This video attempts to demystify property taxes and prevent any surprises from happening to you.

The video will answer the following:

• What are property taxes?
• What is the best way to pay your property taxes?
• How to I avoid being surprised at the lawyers with a property tax bill?

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Tags: first time home buyers, property tax rates, property taxes, Scott Peckford