MCAP Blog

Whether your project is big or small, one thing that can help give you confidence as you take on a new construction project is creating a budget. With a budget, you’re able to plan for your expenses, forecast when funds will be needed throughout the timeline of your project, and you’re less likely to overspend. A detailed budget also demonstrates to potential lenders that your project is well thought out, giving them a sense of assurance to provide the financing you need to complete your project.

If you’ve made the decision to buy a home, you’ll probably be taking a closer look at your finances to figure out how to reach your homeownership goals. Whether it’s your first home or a new space to meet your family’s needs, saving towards a new home is no easy task. On top of that, you may have other financial goals you’d like to achieve as well like saving for retirement, a well-deserved vacation, or building an emergency fund.

As an Analyst for the Ancillary Products department, one of Trae Green’s favourite things about his works is that he is always learning and growing. In his role, Trae is responsible for month-end reporting, providing financial statements, financial analysis & projections, writing business cases, product development and data analytics related to the ancillary products MCAP offers like Mortgage Life and Disability Insurance and Home Warranty.

Buying a home is the most expensive financial purchase most people will make in their lifetime. For that reason, the mortgage interest rate you receive will make a big impact on how much you pay over the lifetime of your mortgage – even a difference of a single percent can amount to thousands of dollars. The down payment you make on your mortgage is an important factor that lenders will look at when determining what mortgage rate they will offer. Let’s explore the role your down payment plays in your mortgage rate options and how to position yourself for the best rate possible.

Being an MCAP homeowner comes with some added perks—like the chance to win amazing prizes in the MyHome Sweepstakes! From mortgage payments to property tax coverage for the year, we’re happy to make homeownership a little bit more fun and rewarding for our homeowners. We spoke to some recent winners to see how they felt after winning. Here’s what they won and what they had to say!