Renting vs. Owning a Home
A financial plan makes the choice clearer.
Should I Buy My First Home?
It’s easy to get tired of paying rent. And owning your first home is a rite of passage. But is it right for you? You need to account for all the expenses of home ownership. Your mortgage payment is just one element. You need to think about a down payment, closing costs, taxes, and condo and maintenance fees.
Sometimes waiting and saving some money while renting will help you build up a significant down payment. And a bigger down payment can mean you are debt-free faster.
Put Your Home Buying Plans in Your Financial Plan
An MD advisor can help you choose the right time to become a home owner. Your advisor will make sure your home-buying plans are integrated in an overall financial plan designed to support you through residency and your practising years.
To talk to an MD advisor email MD Financial Management or call 1 866 243-9505.
Fixed rate? Variable rate? A combination of the two? Your MD advisor and National Bank's Partnership Branch can help you find the mortgage solution* that best meets your needs.
Your home might be your single most valuable asset. Ask your MD advisor how our insurance solutions can protect you, your family and your home from the financial impact of an unforeseen event.