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5 Key Points on Down Payment Verification

5 Key Points on Down Payment Verification

by Rakhi Madan | Apr 11, 2017 | First Time Home Buyer, Purchases | 0 comments

When you begin thinking about applying for a mortgage, it is important to discuss your down payment. All homes for sale in Canada require a minimum amount of money be paid before the sale goes through, and this is the down payment. Most buyers are aware that they need...
Stop Reading the Newspaper if You Want to Buy a House

Stop Reading the Newspaper if You Want to Buy a House

by Rakhi Madan | Apr 4, 2017 | First Time Home Buyer, Purchases | 0 comments

Newspaper articles about home buying can be misleading for those who are considering buying a home in the future. Here are the reasons why I advise you to stop reading the newspaper if you want to buy a house: A typical newspaper article might suggest that the average...
When Do Mortgage Payments Start With a New Condo?

When Do Mortgage Payments Start With a New Condo?

by Rakhi Madan | Mar 4, 2017 | First Time Home Buyer, Purchases | 0 comments

The condominium market in the GTA experienced a record year in 2016, with no signs of slowing down. Strong demand, low supply and rising development costs translate into an average price of $507,128, an 11.9% increase over the previous year. At the end of 2016, 54,731...
What Happens When A Home Sale Falls Through?

What Happens When A Home Sale Falls Through?

by Rakhi Madan | Mar 2, 2017 | First Time Home Buyer, Purchases | 0 comments

Every homebuyer eagerly anticipates closing day. With the home purchase process completed, ownership of the property transfers from the seller to the buyer – you! Closing date is negotiated as a condition of sale. You’ll typically have several weeks between the date...
Is Today The Right Day To Buy Yourself A Home?

Is Today The Right Day To Buy Yourself A Home?

by Rakhi Madan | Mar 1, 2017 | First Time Home Buyer, Purchases | 0 comments

Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our social circles and most of the chatter around the...
Got a Pay Raise and Still Don’t Qualify?

Got a Pay Raise and Still Don’t Qualify?

by Rakhi Madan | Dec 26, 2016 | First Time Home Buyer, Purchases, Qualifying | 0 comments

Owning a home and saying goodbye to your landlords is something many of us dream about often. It can seem straightforward to save a down payment, and after you get a raise you might think you’re finally ready. Take Bob, who thought he was doing everything right. Bob’s...
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