Ask David

“Groundhog Day” down payment tip for first-time buyers

Dear David: We’re saving for our first home and are almost there. It feels like the hardest part is getting our down payment together. Any tips? – SCRIMP & SAVE DEAR S&S: Last week was Groundhog Day. While this is typically memorable for Wiarton Willie’s weather predictions, it also marks the time for first time

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Can our kids’ down payment go on our mortgage?

Dear David: We are empty nesters. We own a big house and have about a million dollars’ worth of equity in it. Our two children are in their mid-twenties and each is saving for a condo. We would like to help them out. We have a mortgage and can afford some extra payments but would

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Long term care, First time buyer program

Dear David, My aging mom wants to stay in her home, but I’m concerned for her safety. You’ve said before that you often work with seniors, can you offer some suggestions? –  DREADING “THE TALK” DEAR DREADING: As a seniors real estate specialist and a son, I know how difficult it is to discuss long-term

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Deposit details, Leaving the family home

Dear David, We found a great house on the weekend and want to buy it, but they’re asking for a $20,000 deposit. How does that work? – FIRST TIMERS DEAR FIRST TIMERS: When buying a house, you’ll need to submit a deposit along with your offer. The amount of the deposit will be set arbitrarily

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