Homebuying


Over the past months, the Bank of Canada has made increases in its benchmark interest rate, bringing it to the highest level in years, with further increases forecasted. These increases directly influence the Alterna Prime Rate, which impacts any loans with a variable rate.

You’ve been anxiously watching from the sidelines as the housing market has continued its climb to record highs and wonder when and how you’ll be able to join the ranks of first-time homeowner. We're here to help.

If you’re buying a home for the first time, there can be a lot to wrap your head around. At Alterna Savings, we’ve got you covered through your entire home-buying journey.

Find out if you'll be able to afford your mortgage if interest rates rise. 

Sharing a mortgage can make homeownership more accessible, but it's important to discuss all the details before deciding to co-own.

Two lenders in Canada offer reverse mortgages—and while their offerings are similar in many ways, there are key differences you should understand if you’re considering one. How much can you borrow? What rates do they charge? Can you pay back the loan at any time? Read on for answers.