Anna - posted on 09/28/2016 ( 1 mom has responded )
I got divorced recently. I have daughter, she is 5 years old, and she is with me. Currently I’m living with my parents, but, I want to move out from there, and start living on my own. I don’t want to trouble them with my problems any more. I have got a job as a teacher in a nearby school, where my daughter is studying. I’m happy that I got this job, now I can take care of me and my daughter. So, I want to move to a new home, but I do not have much funds at the moment for this. So, one of my colleagues suggested, that I could get a mortgage for this, and the idea is not bad after all. But, it is very necessary that I get the right mortgage scheme, because I don’t want too high monthly payments. I am planning for a Home purchase mortgage,http://www.canadamortgagedirect.com/mort..., . I do not have a great credit score, but I think I do qualify enough for a good scheme. I have never taken a mortgage , so I wanted to know what all should be kept in mind while applying for a mortgage. Please advice. This is going to be a new life for me and my daughter.