A Registered Retirement Savings Plan (RRSP) is a government approved plan through which you save money for your retirement years. The important points to remember are :

We use personal information in order to establish your identity, protect you and us from fraud or error, to comply with legal and regulatory requirements, and to provide and administer the products and services you request. Your personal information may also be used to understand your needs and eligibility for products and services and to recommend certain products or services to meet your needs.

must visit branch, you can visit a branch or contact us and one of our
helpful staff can get you started. To open a mortgage, you must be a member of Sharons Credit Union. If you are not already a member with Sharons Credit Union, you can visit one of our branches to become one.

To complete your application faster, be prepared with the following information:

• Your social insurance number.
• Your employer's name and phone number.
• If applicable, your co-applicants social insurance number, date of birth, employer's name and phone number.
• Your monthly income including salary, pensions, alimony, investments, rental income, etc.
• Your monthly expenses including rent, mortgage payments, etc.
• Your assets including, bank account balances, term deposits, RRSPs, vehicles, real estate, etc.
• Your liabilities including credit cards, car payments, other loans, lease payments, etc.

A down payment is the portion of the purchase price you provide without the financial institution's help. The balance is then obtained from a financial institution in the form of a mortgage. Or, put another way:

Purchase price = Money you put in (down payment) + Money Sharons Credit Union loan you (mortgage)

You should determine the down payment you can afford (which represents the equity in your new home) before you start house hunting.