New Mortgage Rules Coming in 2018
Have you heard? As of January 1st 2018 there will be three new mortgage rules implemented nationally. This can mean big changes for those who currently have or are planning to have a mortgage soon. Mortgages can be confusing, especially for first time home buyers, but...
Getting A Mortgage With A Friend
When the time comes to move out of rental housing and find your own property, it can be tough to manage 100% of the costs when before you may have been splitting them two or more ways before. Due to recent skyrocketing home prices and new mortgage rules being...
Does Payment Frequency Make A Difference?
When applying for a mortgage, there are a few options you have in terms of contract length and payment frequency. Most homebuyers are always on the hunt for the combination that will give them the best overall deal, or the one that will lead to them paying the least...
How Bridge Financing Works
The real estate chain is a fickle process, and often closing dates do not line up perfectly. Sometimes overlapping dates can cause headaches for homeowners who do not have the money to pay for a new home until they have closed their former home. That’s why for these...
Finding Funding When The Banks Turn You Down
If you own a business, you might know what it’s like to have many different expenses that your profits just cannot cover. These could be things such as purchasing new real estate or equipment or making it through a financial crisis. In these times, it is common for...
5 Costly Financial Mistakes Homeowners Make
When it comes to the financial side of owning a home, it is best to learn from others’ mistakes. There are some common costly financial mistakes that homeowners make, and I am sharing them with you so that you can avoid the consequences and make the right choices for...
What You Need To Know About Property Taxes
While many people believe that they know the basics about property taxes, it is a complex topic that can be misunderstood easily. Once intertwined with the mortgage process, things can seem even more complicated. Luckily for your benefit, I have provided some basic...
5 Reasons You Can’t Save up For a Down Payment
Are you one of the many Canadians finding it difficult to save for a down payment to purchase a home and wondering why setting aside money is such a challenge? Let’s have a look at some reasons why you might be finding it hard to save money along with provide some...
What is The Cooling Off Period
Researching the local real estate market around the Greater Toronto Area is one of many things to do when you’re ready to purchase your next home. If you’re set on buying a condo, the condo developers’ track record, especially when it’s a pre-construction residence,...
Deadlines Matter For Your Mortgage Deal
With a mortgage, there might be subjects that need to be removed, and right up to the closing on the purchase you’ll find yourself in a race against the clock. Even those homeowners with an approaching mortgage renewal date should be prepared well in advance. How Long...