The price of a house is perhaps one of the most crucial factors in the home buying process, though it can be so easy to oversee its weight once the house hunt begins. $10,000 of cushion can become a $30,000 compromise in a small matter of time. You need to evaluate your budget and establish…
You are a considering becoming a first time home buyer and you may have a lot of questions about mortgage loans. If you would like to understand the home buying process better and are looking for that perfect mortgage feel free to contact me to get all the information you require. For most first time…
You are a lucky new homeowner! Congratulations! You have searched and finally found your dream home. You have secured your mortgage and gone through real estate brokers, home inspections, lawyers and shopped around for insurance. You’ve done your homework on closing costs and signed a ton of paperwork. This has been a busy and exciting…
Statistics show that nearly 20% of all income earners in Canada are now self-employed (at least part-time). We often question why it is so difficult for this growing demographic to get a mortgage. Some of the issues include the fact that income for the self-employed is usually hard to prove. Many business-for-self owners are…
Record Low Interest Rates, Record-High House Prices We now have mortgage trends that make it an ideal time to buy your dream home. We have reached ultra-low interest rates. It has never been easier or cheaper to pay off the interest rates on your mortgage. The five year fixed rate mortgage is tempting to first-time…
Making the switch from home renter to home owner is a challenging shift for pretty much everyone. The hardest part by far is saving enough money for a down payment on your first home. If you are serious about this goal you will make it your number one priority in the upcoming few years to…
What is Mortgage Renewal Time? Unless you can come up with the cash to pay off your remaining balance of your mortgage in your first term, it is time for a mortgage renewal. In simple terms, a mortgage renewal is the process of taking the outstanding balance of your mortgage and renewing it for another…
Everyone’s dream is to one be the proud owner of a home, however, that dream can quickly turn sour if first time home buyers do not know what they are getting into. Buying a home takes time, patience and sometimes luck. Before going for it and signing off on all the paperwork, read up on…
A major question that keeps resurfacing today is “Should I Rent or Buy?” The answer, however, is not as simple because it truly depends. Most people find this as a no-brainer and go with buying because real estate is a good investment that has potential for high return. Although we have record-low interest rates, high…
Whether you decide to purchase a quaint country home or a luxurious downtown condo, buying a home will probably be the biggest investment of your life. Before you get the keys, you must first do the research and paperwork to secure financing for this expensive purchase.There is so much to think about when mortgage shopping,…
