Blog
- May 31, 2018
What the Chattel!?
When you are selling or buying a home, you inadvertently come across chattels in the purchase and sale agreement. Chattels can complicate a purchase or sale depending on the agreement and how it is set out by the REALTOR®.
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- May 14, 2018
Should you buy the fixer upper?
When it comes time to purchasing a home, do you choose the more expensive but brand-new home– or do you go for that fixer upper with the potential to become your dream home? In order to make this important decision, you will need to consider if renovations are a fit for you on a variety of levels, from budget to the unexpected.
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- Apr 03, 2018
Alternative Lending
With mortgage regulations ever-changing and becoming more stringent on borrower qualification, more and more Canadians are finding it harder to qualify for a traditional mortgage. Consumers who do not qualify for a traditional mortgage are increasingly turning to alternative lenders for their borrowing needs.
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- Mar 14, 2018
All About Appraisals
What is an appraisal? Simply put: an appraisal is a professional’s opinion on the true market value of your home. Banks use appraisals, and so do home owners during the process of buying, selling or refinancing a home.
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- Feb 16, 2018
Bridge Financing
Bridge financing is a less common financing option, but it can be ideal for some buyers. Bridge financing is used when you have a firm sale agreement on your home and a firm purchase on a new home – but your new home closing date is sooner than the home they’re selling.
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- Feb 01, 2018
Bankruptcy and getting a mortgage
With the increasing stricter mortgage regulations in Canada has prompted the question, if you have to file bankruptcy is a mortgage still attainable? Most Canadians think of this as not possible, but let’s review what bankruptcy is and how you can rebuild your credit score from such.
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- Jan 12, 2018
What features of a mortgage are important to you?
When you think of what you look for in a mortgage, was rate the first thing that came to your mind? It is the most common feature of a mortgage in which we all focus on. But is it truly the most important?
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- Dec 01, 2017
How to become a real estate tycoon
Have you ever thought about using real estate to increase your overall net worth, or as a way to save for your retirement? Or even as a retirement plan instead of a traditional RRSP?
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- Nov 17, 2017
Closing Costs
Buying a home can be a stressful process and you may not know the full scope of the costs to close and finalize your purchase. Let’s break down what some of these costs can look like in getting a mortgage. Most lenders have a standing guideline of verifying a home buyer has 1.5% of the purchase price in closing costs. For example: 1.5% of a $500,000 would be $7,500. Closings costs can be more than the predicted 1.5%, but to understand that guideline better let’s review the sources of these costs.
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- Nov 03, 2017
All about getting a HELOC: Home Equity Line of Credit
When refinancing your home, a newer trend is the option to put a portion of those funds into a HELOC (Home Equity Line of Credit). A HELOC provides greater flexibility in accessing funds – but it is important to determine if it’s the right choice for your financial situation.
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