Finding the lowest mortgage rate is definitely an important part of mortgage shopping, but it’s not the only mortgage feature worthy of your attention. The sale of your home could evoke three crucial mortgage features: mortgage penalty fees, assumability, and portability. Today, we will focus on mortgage portability. What is mortgage portability? To port your mortgage is to transfer ...
Posted by Reggie Duque
on November 15, 2012
So much real estate is centred around buying your first home or moving up, but getting a smaller home has a lot of significance as well. There can be many different reasons people downsize, and here are some things to keep in mind when you do!
The first thought that comes to mind has to do with "empty nesters". This basically implies that a couple or a parent is living in a larger home they purchased ...
Posted by Laura Keller
on November 6, 2012
Halloween is fast approaching and although it looks like a wet one for most people across Canada, it's the one night where little ghouls and goblins come out to play.
To make sure everyone has a safe Halloween, consider some of these tips from Health Canada and Safe Kids Canada.
Stay warm: Fall is definitely in the air and when night sets in, so does the cold. It's a good idea to ensure your children's ...
Posted by Aliza Fung
on October 30, 2012
The City of Kelowna in BC recently approved a new process for secondary suites in single-family homes. The new process makes it easier and cheaper for homeowners to build legal secondary suites in the hopes that it will provide more affordable housing in the city.
What's a secondary suite? It's a private, self-contained unit in an existing home. Also known as "mortgage helpers" or "in-law suites", ...
Posted by Aliza Fung
on October 16, 2012
I just saw a frost warning for parts of Southern Ontario which reminds us that the cold season is really upon us. Days are shorter and the autumn leaves line our streets. It seemed like yesterday people were still enjoying sunny days in the park, but Fall is fully upon us. Before it gets too cold, take some time to make sure your home is ready for the chilly months ahead.
CMHC has a fairly extensive ...
Posted by Aliza Fung
on September 28, 2012
People that handle commercial leases frequently, know that virtually anything is up for discussion in a lease negotiation. Good negotiators know that in a good deal, everyone wins. If you negotiate well you won’t get everything you want, but a successful negotiation can save you thousands of dollars that can be reinvested in your business or enjoyed as profits by you and your family. ...
Posted by Martha Marton
on September 11, 2012
Whether you are considering buying a new home or refinancing your existing mortgage, important personal information and documents will be required by lenders. This checklist gives an overview of the necessary documentation that most Canadian lenders require prior to approving and funding a mortgage. By providing these documents in a timely fashion, you will help to ensure ...
Posted by Jason Neumann
on August 27, 2012
What is a home inspection?
A home inspection is visual investigation of a home’s structure and components to find malfunctioning or unsafe issues within.
Some of the possible components to be inspected are:
Posted by Paul Baron
on August 9, 2012
In today's market, this is a common question many home owner's ask themselves. There are many different reasons why a home may not sell. Ask yourself these questions:
How well did my home "show"? This could be anything from carpeting showing traffic-pattern wear, to laundry being hung out to dry. When you walk in the door, does it smell fresh and clean or does it smell like a dorm ...
Posted by Scarlett Klee
on August 2, 2012
There are six key components to the elements of an offer.
Depending on the local market conditions and information provided by your Real Estate Professional, the price you offer may be different from the seller's listed price. It can often take some negotiation to come up with a price that you and the seller are happy with.
Your deposit shows good faith and will ...
Posted by Sukhwinder Sukh Bhaura
on July 20, 2012