Buying your very first home is something you’ll always remember. Getting the keys and walking in is something to be savoured. There’s a lot to know as a first-time homebuyer, so here are some helpful insights to get you going.
It’s important to have safeguards in place when it comes to your mortgage. A useful consideration to keep in mind is mortgage credit insurance because it can help you in unexpected situations. But what is mortgage credit insurance? Well, it’s a type of insurance offered by mortgage lenders that we simply call Credit Protection.
TD Mortgage Protection can help financially protect your family should you pass away as a result of a covered condition, get a terminal illness or suffer a covered accidental dismemberment1. It could also help protect you and your family if you suffer an unexpected but covered critical illness2. While every case is different, and critical illnesses must be specifically covered, there is a wide range of situations in which a portion, or all, of your mortgage may be covered by TD Mortgage Protection1.
Let’s also look at other factors, tips and useful information that first-time homebuyers may want to know.