MCAP Blog

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.

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!

When it comes to buying and owning a home, there are many costs to consider. More than just the purchase price, there are many additional costs that will come up during the purchase and throughout owning your home. This guide will give you all the necessary info on how much it costs to buy and own a home in Canada.

Whether you’ve just purchased your first home, or you’ve been settled in for some time, home maintenance is something that should be a priority for every homeowner. Your home is one of your greatest investments, and with proper maintenance, you can preserve, or even increase, its value while making it a space you can enjoy for years to come. In this guide, we’ll go over what you need to know to create a home maintenance budget and how to save ahead for those expected and unexpected expenses.