Allison Cosgrove

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Frequently Asked Questions

Some of the most common questions asked by my clients

1. How much can I afford to pay for a home?

2. What is a home inspection and should I have one done?

3. What is the minimum down payment needed for a home?

4. What is mortgage loan insurance?

5. What is a conventional mortgage?

6. How does bankruptcy affect qualification for a mortgage?

7. How will child support affect mortgage qualification?

8. Can I get a mortgage to purchase a home?

9. Can I use gift funds as a down payment?

10. What is a pre-approved mortgage?

11. Should I wait for my mortgage to mature?

12. What is a down payment?

13. How can you acquire a home with as little as 5% down?

14. How can you pay off your mortgage sooner?

15. How can you use your RRSP to help you buy your first home?

16. What are the costs associated with buying a home?

17. What should the length of my mortgage term be?

18. What are the monthly costs of owning a home?

19. Should you go with a short or long-term mortgage?

20. What is a fixed rate mortgage?

21. What is a variable rate mortgage?