Relationships and marriages don’t always succeed, and there may come a time in many of our lives when we are forced to separate from a partner with whom we share a property.

If you’ve got debts to pay off and are struggling to manage them, you might want to consider debt consolidation. Debt consolidation can be an effective method of making your debt repayment easier to manage, and is basically the paying off of smaller loans, with a larger one.

There are many advantages to downsizing, especially if you’re looking to save money on the costs associated with maintaining a larger property, or want to free up funds for retirement or travel.

Putting as much money as you can afford towards a down payment, is one of the most important things you can do, as this will have a direct impact on the amount you need to borrow, and what financing options you qualify for. That said, saving for a down payment isn’t always easy, and many struggle to find the right strategies to get them started.

If you’re applying for a mortgage for the first time, you’ve probably heard at least some of the myths listed below. Now, while seeking help from a mortgage broker can definitely simplify the process and make it more manageable, it’s also helpful to try and get a better understanding of mortgage procedures yourself, and by debunking 5 common untruths about them, you should feel a little more mortgage savvy: