The second week in April historically marks the single busiest time of the year for mortgage applications in Canada as the spring home buying season gets into full swing, says Genworth Financial Canada. To help buyers understand the home buying process, the company is launching National Homeownership Education Week on April 12th to 16th. The week-long initiative is designed to educate first-time homebuyers on basic mortgage terms and concepts, preparing them for one of the biggest financial investments of their life-time.
“Facts are your friends. Any homebuyer needs to have a realistic understanding of their financial situation and comprehend the home buying process,” says Peter Vukanovich, president and COO of Genworth Financial Canada. “Our goal is to help Canadians buy their homes affordably, and ensure they understand all the options available.”
Each day of National Homeownership Education Week will reveal a new topic with tips, tools and resources to help homebuyers make informed decisions. It will also highlight the differences in attitudes between men and women when it comes to home buying as it relates to each topic.
Topics to be covered at www.HomeownershipHelp.ca include:
Monday April 12: Credit Day – Learn the importance of good credit and how your credit history is established
Tuesday April 13: Reality Check — Find out how to reconcile what you want with what you can afford
Wednesday April 14: Home Buying Basics – Understanding the home buying process
Thursday April 15 – Test Your Knowledge – Take the Homebuyer 101 course and be entered into a contest for one of five $500 Visa gift certificates
Friday April 16 – Tips on Purchasing and Owning a Home – Find out the facts that will help make your dream home a reality.