If you have no money and bad credit nobody should be getting a mortgage period. This is insane and it's the one of the biggest reasons for the 2008 crash. No homeowner should ever live paycheque to paycheque and with no retirement savings.
Parindon you guys are doing great! I am not there yet, about to start the process of PR. Hope to be there in 2021 or 2022 & then will meet the parinde in person to get tips of survival in Canada. Hope you guys grow big by then!!
Well renting might be ineffective in the longer time frame..but renting rn so u can build ur credit score, stabilise ur fulltime, build emergency funds and take care of other financial problems and buying a house 1-2 after still sounds financially smart
I think one of the questions you also have to ask yourself is: What is better? Negative equity or renting? Make sure you can carry the cost for 5 years at least.
THIS. Low mortgage interest rates are not a guarantee for your entire amortization period. Buying with 0 down,your monthly payments will increase by a huge amount when interest goes up. This is a perfect recipe for being house poor.
Awesome ideas!!! Though its been only a month here in Canada for me, your videos has made me think about it. I too won't delay and wasting my money on renting. Thankyou so much for sharing such helpful ideas.
Simple never be late on a payment, setup pre authorized payments for your internet phone etc...use credit cards often but be disciplined pay in advance of the statement date. Do.it for.3 to 6 months and your credit score will improve drastically.
If you have high mortgage rate, you are not really building any equity until a few years. On top of that, add downpayment interest. So bad idea to get a flex mortgage unless you really know it inside out and ready to take the toll.
What about another scenario, it's been 6 months here as an immigrant and I have a job and I have savings from my inheritance like 300000 cad and I want to buy a house of 500000cad,then is there any chance to get loans?
Hello Canadian Parinday!!! Your videos are too good and very informative for young couple like us who are planning to buy a house in Canada. Can I have more insights about house prices in kitchener and waterloo. Our budget is 600k
Hi Canadian, Could you please do a video on Credit Cards which includes which credit card to apply for, how much credit card should a person apply for to keep a good credit score, which bank would be best to apply the credit card and few information about credit score. Thank you, Shutanu.
Nice video👍 and very informative. Does this apply for Quebec too pls. Can you also do a video the steps to convert work permit to PR and the timeline. Thank you very much
Hello Can you guys make a detailed video on how you came to Canada? I heard in one of your videos that Deepak came on Student Visa and you accompanied him later. What are the necessary points to be taken into account if a couple wants to immigrate to Canada through this way. Can you please discuss this in your next video? TIA
Hello, i have one question like i am student and my maritial status is single.i came in sep 2019 and my income for year 2020 will be nearby $42000. I am planning of buying a house next year in 2021 with my 2020 income for mortgage approval. Do u have any idea how much mortgage i can get with this much of income.( my purpose of buying house is for rental income)
Does the monthly EMI go higher with no down payment mortgage? Can you give an example if one purchases a house worth 400000? monthly mortgage with and without down payment
for sure depends on down payment. More down payment means less principle mortgage amount to pay. www.truenorthmortgage.ca/tnm-calculators/payment-calculator.html here you can calculate payment in different scenarios.
Can you explain more about the downpayment percentages . For instance , I am looking to buy a house around 700k to 800k in next 2-3 years so how much downpayment I should save to qualify for this morgage . Thnku 😁
Hi Harnoor, If you are looking to buy a house between 700k to 800k then by law, you need at least 5% for $500K and 10% for any amount over $500K. In our opinion, more the better.
Guys, I have been watching your videos regularly and I really want to thank for giving suggestions and share your good as well your mistakes will help us lot to start our Career at Canada. Very recently I thought of thinking for canada and trying for work visa there.. I don't even know ABC about Canada.. So, could you please tell me what will be average salary per hour at Alberta where I am looking to get settle down there..
Hi guys very informative video.I have heard that if we buy a house in Canada within few months of landing then we have pay more tax or may be 30% more Down Payment .Some says that if you buy a house after one year then no extra tax or no extra Down Payment.Is this true ? Please answer this question. You people are doing great job for all Of us. Thanks
Hi please make a vedio on teaching jobs... How to take licence... Which all provinces are best 👍 like that.... Any short term certifications which get placement
![Megan Thee Stallion - Neva Play (feat. RM) [Official Video]](http://i.ytimg.com/vi/TpYTyAaTRts/mqdefault.jpg)
If you have no money and bad credit nobody should be getting a mortgage period. This is insane and it's the one of the biggest reasons for the 2008 crash. No homeowner should ever live paycheque to paycheque and with no retirement savings.
Parindon you guys are doing great! I am not there yet, about to start the process of PR. Hope to be there in 2021 or 2022 & then will meet the parinde in person to get tips of survival in Canada. Hope you guys grow big by then!!
All the very best Sunil.
You guys are getting better and better with directing these videos! Amazing video guys, cute lil arshiya was the show stopper!
Thanks again Arjun.
Well renting might be ineffective in the longer time frame..but renting rn so u can build ur credit score, stabilise ur fulltime, build emergency funds and take care of other financial problems and buying a house 1-2 after still sounds financially smart
As of now, I have $480 in the bank. I never realized i can buy an entire house in my poor state.
Getting some motivation from you guys. We bought our first home here in canada in Kitchener, 8 months after moving here. :)
I think one of the questions you also have to ask yourself is: What is better? Negative equity or renting? Make sure you can carry the cost for 5 years at least.
THIS. Low mortgage interest rates are not a guarantee for your entire amortization period. Buying with 0 down,your monthly payments will increase by a huge amount when interest goes up. This is a perfect recipe for being house poor.
Save for down payment and go to bank rest all paths are costly at the end.
very good perspective! honest!
Thank you😊
If the property prices are rising, best to take a mortgage and freeze the expense at the known levels.
That's one of the argument Kamlesh.
Quality is getting better and better 👌👌👌
I am watching your videos regularly and they are helpful, thank a ton to your couple...
Keep motivating us!
Awesome ideas!!! Though its been only a month here in Canada for me, your videos has made me think about it. I too won't delay and wasting my money on renting. Thankyou so much for sharing such helpful ideas.
And thats our goal as well Kamal. To share our experience so that it can help others. Welcome to Canada
Please do a video about how to improve credit score ! Thank you for all the wonderful videos 😊😃
Hi Jikku, we already posted few videos on this topic. Dont forget to checkout our playlist.
Simple never be late on a payment, setup pre authorized payments for your internet phone etc...use credit cards often but be disciplined pay in advance of the statement date. Do.it for.3 to 6 months and your credit score will improve drastically.
Good job you genius couples, keep going straight to your desires as well.
If you have high mortgage rate, you are not really building any equity until a few years. On top of that, add downpayment interest. So bad idea to get a flex mortgage unless you really know it inside out and ready to take the toll.
Guys.. please make a video on how to negotiate with type B lenders and what all to keep in mind while dealing with them. You guys are fabulous
Great work guys... Proud of both of you 👍👍👍👍❤️❤️❤️
Thank you satpreet😊❤
What about another scenario, it's been 6 months here as an immigrant and I have a job and I have savings from my inheritance like 300000 cad and I want to buy a house of 500000cad,then is there any chance to get loans?
Exactly why Lehman shock happened.
Very informative video 😊 thank you 🙏
Good going 👍🏻
Thanks for watching Reena.
Hello Canadian Parinday!!! Your videos are too good and very informative for young couple like us who are planning to buy a house in Canada. Can I have more insights about house prices in kitchener and waterloo. Our budget is 600k
I prefer to wait rather than to go for zero down payment. Even if I miss the chance of that type of property there will be another one available.
Hi Canadian,
Could you please do a video on Credit Cards which includes which credit card to apply for, how much credit card should a person apply for to keep a good credit score, which bank would be best to apply the credit card and few information about credit score.
Thank you,
Shutanu.
Absolutely..stay tuned!!
Nice video guyz. I will go with yes..NO RISK IS ALSO A VERY BIG RISK. Looking forward for next video's on this topic.
Well said Dushyant.
Always ask why? Look at what is happening around the world.
Where are you guys working? How you were travelling to offices pre-covid?
It is high risk. House prices will decrease when bank of Canada will increase interest rates.
You guys are doing awesome job! Thank you :)
Glad you find them helpful. 😊
Informative video..!!! Good luck!
Thanks for watching.
Hi I would appreciate if you elaborate on rate of interest charged by banks and private landers and what surety they demand
Wishing to admire Ruchi's beauty in person soon ❤️
Thank you shri:)
Ruchi is so beautiful ❤️. And wish to see u guys soon
Thank you nilima :) yeah, for sure
Nice video👍 and very informative. Does this apply for Quebec too pls. Can you also do a video the steps to convert work permit to PR and the timeline. Thank you very much
Will do. Every province has different mortgage rules. Thanks for watching.
Hello
Can you guys make a detailed video on how you came to Canada?
I heard in one of your videos that Deepak came on Student Visa and you accompanied him later.
What are the necessary points to be taken into account if a couple wants to immigrate to Canada through this way.
Can you please discuss this in your next video?
TIA
Hello, i have one question like i am student and my maritial status is single.i came in sep 2019 and my income for year 2020 will be nearby $42000. I am planning of buying a house next year in 2021 with my 2020 income for mortgage approval. Do u have any idea how much mortgage i can get with this much of income.( my purpose of buying house is for rental income)
what does that,mean ,not for the rental property
cant we buy a home and rent it to people
Thanks for the info!! 😊
You are welcome 😊
As a mom, I would love to know more about the expenses associated with raising your kids in Canada and how much I should cater for?
Hi there, we can definitely make more detailed video on expenses for working parents
Where are you located in Ontario?
Hi, we are in kitchener.
Love the way you guys explain things, pls can u connect me with some realtor, as i am looking for some property option in kitchener,
Thanks for kind words. Please connect with us on fb and we can surely help.
Hey..thanks fr ur grt effrts!
Can u make a video on work from home can a housewife do in canada...
👍👍
Does the monthly EMI go higher with no down payment mortgage? Can you give an example if one purchases a house worth 400000? monthly mortgage with and without down payment
for sure depends on down payment. More down payment means less principle mortgage amount to pay. www.truenorthmortgage.ca/tnm-calculators/payment-calculator.html here you can calculate payment in different scenarios.
In which area did you buy your townhouse in Kitchener??
Could u plz tell Whts is the system of kitchen gas as u k our Indian system and power bills and water bills. Plz request u tell me tht
You can get gas as well as electric as well.
Can you explain more about the downpayment percentages . For instance , I am looking to buy a house around 700k to 800k in next 2-3 years so how much downpayment I should save to qualify for this morgage . Thnku 😁
Hi Harnoor, If you are looking to buy a house between 700k to 800k then by law, you need at least 5% for $500K and 10% for any amount over $500K. In our opinion, more the better.
I really liked your video I need one help, how to reach out to you guys.
But what about a balance transfer from your credit card?
Really good video, can you guys tell me which B lender company provide good rates?
Guys, I have been watching your videos regularly and I really want to thank for giving suggestions and share your good as well your mistakes will help us lot to start our Career at Canada. Very recently I thought of thinking for canada and trying for work visa there.. I don't even know ABC about Canada.. So, could you please tell me what will be average salary per hour at Alberta where I am looking to get settle down there..
Please give your house tour I said u more than 3 times in your previous video 😔😔😔😔😔
When we are ready, we will personally message you :)
Hi guys very informative video.I have heard that if we buy a house in Canada within few months of landing then we have pay more tax or may be 30% more Down Payment .Some says that if you buy a house after one year then no extra tax or no extra Down Payment.Is this true ?
Please answer this question.
You people are doing great job for all
Of us.
Thanks
I believe, when you are not PR or citizen, you have to pay 30% compared to a PR and Citizen who have to pay 5% down payment.
Can I get mortgage approval from banks 500k condo with 72k income and 20k downpayment in Toronto?
You guys are awesome, can you please help is it worth to buy a new house in KWC. who are the builders in the KWC to look for
Where are you guys based in Canada ... you guys make good videos ... keep the good work going 😊👍Ram Ram🙏
Ram ram ji, thank you for stopping by.we are in Ontario.
Hi please make a vedio on teaching jobs... How to take licence... Which all provinces are best 👍 like that.... Any short term certifications which get placement
Definitely, thanks for watching.
Hi.. Wanted your advice on where can we buy a house under 600k in toronto?
Is this still happening in Canada ?
Moral: Out of the fry pan & into the fire
Nice information👌
rentinng works great for lifetime bachelor's
Guys you people use lots of abbreviations. My children are in canada. I am not used to these short forms. So please use the full form as well. Thanks
Should we give any document for getting money as gift from my relatives
For the tax purpose, yes you should.
What is size of plot approximately
Your spouse is right
Always..
Which editing software do you use?
I'll go for YES
Should we buy house after 6 months landing to Canada
Hi guys we are planning to buy home in waterloo could you please suggest your realtor
Mam.. can you please make an interview on PNP person especially a bookkeeper.
hey bro is no flex mortgage work for rental investment too??
Can you guys please tell which area do you take house in???
Bhai you resemble Sunil Shetty both by look and way of speaking.
Ha..ha..wahh!!😃
Hi if we on work permit visa so can we buy a house or not??
Sir if you have dept your Morgage will not appove
Hie which is the best provience for finance career
Depends on what kind of job in finance, but mostly big cities...Toronto, Vancouver, Montreal.
I love, love, love the content all the way from Trinidad and Tobago
yes I did 1st
Where do you live?
you guys are awesome great work!