Advantage Homes Learning Centre

November 11, 2013

What? Our Heat Cost How Much?

You just got through the heating season and you spent too much again.   The thought of spending that much next year sends shivers down your spine, and it’s July.  What do you do? You have three strategies, or combination of the strategies: 1)   Upgrade to a different/cheaper or more efficient fuel source, such as switching [..]

July 18, 2013

Receive extra money back by buying a new house

Nova Scotia First Time Home Buyer’s Credit In March 2012, the Nova Scotia Government extended and doubled the first time home buyer’s credit from $1,500 to $3,000.  This means a first time homebuyer who purchases a new house is eligible for a rebate of 1.31% of the purchase price up to $3,000. This means if [..]

July 17, 2013

Mortgage Insurance – the Basics

What is Mortgage Insurance?  Why do I need it? Mortgage Insurance is required for people who put less than 20% down on the purchase of their new house.  The minimum down payment required when using mortgage insurance is 5%.    This means on a $129,950 house the minimum downpayment required is $6,497.50. What’s the benefit of [..]

November 4, 2013

How Much House Can You Afford?

It’s more than just the purchase price. You are looking at buying a house, so how much can you afford? That $100,000 one hundred year-old house may allow for a low down payment and low monthly payment, but how much will it cost to heat next winter? You may get a great deal on or [..]

November 20, 2013

Getting A Mortgage Is Like Any Other Purchase, You Can Shop Around

Did you know that getting a mortgage is like buying a new TV?  Many people want your business and are willing to give you a discount to get it.  Who wouldn’t like a decrease in your interest rate and more money in your pocket? How Do I Shop My Mortgage? Basically you apply for a [..]