Here’s an interesting bit of information about the “correct” address of your property:
Let’s say you were buying a house with a street address of 6970 River Street. This is not your property’s legal address; it’s only a convenient designation used for mail delivery. The property’s legal address is actually a description such as “Lot 22, map 50, of the ...
Posted by Angela Slager
on May 20, 2012
Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home.
Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better yet, the ability to port also saves you money by avoiding early ...
Posted by Angela Slager
on July 7, 2011
A spring consumer report released recently by the Canadian Association of Accredited Mortgage Professionals (CAAMP) reveals that Canadians are displaying confidence by paying down their mortgages and using home equity to make improvements or investments.
The report, Stability in the Canadian Mortgage Market, which was compiled by CAAMP Chief Economist Will Dunning, also includes information ...
Posted by Angela Slager
on June 22, 2011
Canadians seeking a sure-fire investment return should look no further than their mortgage. Paying it down as quickly as you can will, in most cases, result in a stellar return on your investment.
Prepayment options are worth exploring because paying down even a small amount of principal (the true cost of the mortgage loan minus the interest) has huge benefits over the life of a mortgage. ...
Posted by Angela Slager
on June 22, 2011
How to put a winning bid on a home. Also: what to expect during the offer process.
You finally found the home of your dreams and you’re ready to make the purchase. Here are the steps you can expect to take during the process of making an offer on a property.
Real Estate Purchase Contract
Determine with your real estate agent what price you will offer and fill out a Real Estate Purchase ...
Posted by Angela Slager
on June 21, 2011
If you're renting, you may dream about owning a home of your own - a place to furnish and decorate as you like... to set down roots... to enjoy a great neighbourhood, and to entertain friends and family.
But you may be uncertain whether you're ready to make your move from renting to buying, especially if you haven't started saving. Fortunately, with today's low ...
Posted by Angela Slager
on March 29, 2011
Question
"How can I compare my monthly rental payments to mortgage payments?"
Answer
Of course, the amount of your mortgage payments will depend on the price of the home you buy, the size of your down payment, prevailing mortgage rates, and the term and amortization you choose. But it's actually quite easy to estimate typical payments using the mortgage calculators available online. ...
Posted by Angela Slager
on March 28, 2011
As the Canadian economy continues to recover businesses in Woodstock, Ontario took advantage of many unique opportunities in 2010. The year saw the Canada’s largest solar thermal project unveiled, the launch of a new vehicle for Hino Motors Canada, a $43 million project for Armtec Infrastructure and several business expansions and openings.
To find out more about these and other economic ...
Posted by Angela Slager
on March 28, 2011
Even with all of the new development in Woodstock many excellent opportunities remain available. With NO Development Charges on industrial construction the time to build in Woodstock has never been better.
Over 400 acres of vacant industrial land is available for lots of all sizes both in municipal and private ownership. More than 160 acres are fully-serviced and ready NOW for development with other ...
Posted by Angela Slager
on March 28, 2011
Personally, I would suggest making your monthly mortgage payments every 2 weeks. This technique allows you to make one painless extra payment per year.
Secondly, I would advise making some sort of additional payment on the anniversary of your mortgage each year. Most mortgages allow for up to 10% to be paid off per year as a lump sum. A $1000 lump sum payment goes directly against principle owing ...
Posted by Angela Slager
on March 25, 2011