If you’ve been unfortunate enough to go through a bankruptcy or consumer proposal, and need to apply for a mortgage loan to purchase a property, you’ll find that it might be a lot tougher than you anticipated.

Keeping in mind the fact that just because you find a home you want to buy, doesn’t mean that it’ll happen right away, or that it will happen at all, it really makes no sense to wait around.

Experienced mortgage brokers, financial advisors and even real estate agents will often recommend that their clients find a mortgage, before they start looking for a property to buy, and when you think about it, it makes perfect sense. After all, without the financial security of a mortgage, there’s a strong possibility that you won’t be getting a home at all.

With the ease at which people can view and purchase properties online nowadays, there really is no excuse for not shopping around when property hunting. After all, buying a home is a significant investment and settling for the first place you like the look of, could mean that you miss out on a better property, in a better area and at a better price. That said, there can be no substitute for viewing a property in person, no matter how many you look at virtually.

If you’re considering purchasing a property in Canada for rental purposes, you might be wondering whether it’s the smartest way to spend your money. While there are some very distinct advantages associated with buying to rent, it doesn’t come without its own risks.