Mortgage and Home Ownership Primer
The Mortgage and Home Ownership Primer will give you the knowledge you need to understand applying for a mortgage, and achieving housing ownership.
The purpose of this course is to make you an empowered consumer – with the tools and basic knowledge to go out into the market and purchase your first home.
We want you to be well informed about the process for achieving home ownership.
Home ownership could be a lot closer to reality than you think!
What makes this course different?
It’s made for Canadians by Canadians. You will find references to terminology and processes that are relevant to you.
We are not a lender. We do want to show you our Live to Own™ program though, and to invite you to purchase your home with our help.
But first, this course is to empower you to be effective in the Canadian housing market, whether you choose to use Live to Own™ or not.
Course Content
Introduction
What to Expect
The introduction covers our objectives for the course, a bit about our team, and some of the terminology you’ll need to be comfortable with.
LESSON 1
Buying a home with a Mortgage Loan
In this lesson, you will discover why you need a mortgage, and what a mortgage really is. You’ll see a basic example of how a home purchase works with mortgage financing, and you’ll learn the basic “terms” of a mortgage contract that you must be familiar with before you apply.
LESSON 2
The Lender calls the shots, and the Buyer needs to qualify
This lesson covers the process of qualifying for a mortgage loan and examines the standard tests that qualify you.
LESSON 3
Getting comfortable with mortgage payments
In this lesson, we introduce you to our mortgage calculator and walk you through a few examples so you can use this tool easily and effectively. You’ll discover how to know your personal purchasing power for housing ownership.
LESSON 4
So who said home ownership was the only way to go?
This lesson will examine alternatives to real estate investing. We’ll compare investment in your housing with investment in stocks, bonds, and other financial instruments.
LESSON 5
Some of the choices and options with mortgages
In this lesson the variations and choices that can occur with mortgages are examined. These include fixed versus variable interest rates, prepayment rights and penalties, high ratio loans and mortgage insurance.
LESSON 6
Our Live to Own™ Program
This lesson will examine how the Live to Own™ program works and how it can help you attain home ownership sooner than you may expect.
Empower yourself.
Learn what first time home buyers need to know to get a mortgage and own a home in Canada.
Spend just two hours to acquire some life changing knowledge and comfort in the area of mortgages and home ownership, information you’ll carry and build upon for the rest of your life.
Every Canadian should have access to home ownership, and we’re here to help you find yours.