A home equity line of credit is a line of credit that's secured against your home. It allows you to access equity from your home in the future if you need it. You can borrow up to 65% of your property's value, and you only pay interest on the amount that you borrow. And interest only payments are required for the payment that you make. Learn more about the HELOC and if it is right for you.

What is an amortization? An amortization is the length of time that it will take you to pay your mortgage to zero, and an amortization helps to dictate what your monthly payment will be to ensure that over that period of time your mortgage is actually paid to zero.

Did you know that you could get cash back at the closing of your new purchase? We have lenders who offer cash back mortgages, and ultimately, they will give you a percentage of your new mortgage in the form of a cash back at closing for you to use for anything that you like. Learn more about cash back mortgages.

Everybody understands that you need a down payment when buying a home. That's one of the biggest, of course, closing costs to be aware of, but there are other things to keep in mind that you'll need to have saved up for the completion date of your new purchase. The second big cost is property transfer tax in B.C. and in most of Canada property transfer tax, the tax that we have to pay to the government any time we buy a new home. Learn about this and other costs associated with purchasing a home.

So you're ready to buy a home. And now you need a down payment. Now, where can the down payment come from? Jewels looks at the various sources you can utilize for your down payment including money from a savings or checking account, tax free savings account, an RSP, a first home savings account, gifted money or loans.

Learn more about payment frequencies - how you can pay your mortgage payment. You can pay your mortgage monthly, which is pretty standard biweekly, weekly or semi monthly. Learn the advantages of each option and choose what works best for you.