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How Bankruptcy Affects Mortgages

How Bankruptcy Affects Mortgages

by Rakhi Madan | Mar 28, 2017 | Purchases, Refinance, Renewal | 0 comments

Bankruptcy is one experience none of us would wish for in life. Once it’s been dealt with, a person is left with questions about the long term effect of their ability to be approved for a mortgage. While it may feel like it’s not possible to recover financially, there...
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...
5 More Steps in the Home Buying Process

5 More Steps in the Home Buying Process

by Rakhi Madan | Dec 19, 2016 | First Time Home Buyer, Purchases | 0 comments

I hope that you have read my last blog post on the first 5 steps in the home buying process. Once you’ve read that you’ll be wondering what’s next? Here are the next five steps in the home buying process Step 6 You’ve found a home that fits your budget, checks all the...
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