by Rakhi Madan | Nov 20, 2016 | First Time Home Buyer, Purchases |
Getting in on a foreclosure can be a great deal for you, but you’ll want to be aware of few things before trying to buy one. First understand that a foreclosure is a home that goes up for sale from the lender, because the owners have defaulted on payments....
by Rakhi Madan | Aug 19, 2016 | First Time Home Buyer, Purchases |
Getting a good pre approval is a very important step in buying a home. Some banks issue pre approvals that are loosely based and more about a rate guarantee. However a good pre approval from a Toronto or Brampton mortgage broker is based on income, so it means you...
by Rakhi Madan | Jul 29, 2016 | First Time Home Buyer, Purchases, Refinance, Renewal, Tips |
The golden rule of mortgages is this, the longer you take to pay it off, the more money you give the bank. So your goal should be to pay your mortgage off as fast as comfortably possible. Listed here are payment options for your mortgage. Knowing these options before...
by Rakhi Madan | Jul 15, 2016 | First Time Home Buyer, Purchases, Refinance |
The two ways to register a mortgage in Canada on title are a Standard Charge or Collateral Charge and it is important for borrower to know the difference. A Standard Charge was used by all lenders until about 6 years ago and being informed of the differences in the...
by Rakhi Madan | Jul 8, 2016 | First Time Home Buyer, Purchases |
A question I often get asked as a mortgage broker in Toronto and Brampton is “What is mortgage default insurance?” Before I give the answer, let me first explain the two types of mortgages. There are two types of mortgages and the amount of money you are able to put...
by Rakhi Madan | Jun 18, 2016 | First Time Home Buyer, Purchases |
You’re ready to purchase a home and while it’s entirely possible to purchase a home with a smaller down payment of 5% or even 10%, there are good reasons for gathering as much money as possible when home buying. Three big reasons why a bigger down payment are: Putting...
