Did you know that as a first time buyer you can use your RRSPs as a downpayment for your first home? There are some eligibility requirements before you can go and pull that money out of your account, but it might just be your ticket into homeownership. Head on over to Her City where I Read the Rest…
CMHC (Canada Mortgage And Housing Corporation) recently announced they will be increasing their mortgage insurance premiums effective May 1, 2014. This will affect all high ratio mortgages, meaning buyers with less then 20% down payment. Here are a few key things to remember regarding CMHC and the increase. Banks must insure all high ratio mortgages, Read the Rest…
Last week I talked about home appraisals, how are the appraisals done, what do they cost and who pays for it, if you missed this post, don’t worry, just click Home Appraisals. So now that you have some basic information about appraisals, we need to take a look at a scenario that can and has Read the Rest…
When purchasing or refinancing a home, the bank and/or mortgage insurer always perform an appraisal on the property. Before lending you any money, they want to ensure the home is worth what you purchased it for or what you are claiming it’s worth, which makes sense, right? Especially in markets like Toronto, where you have Read the Rest…
Have you bought a home or are in the process, but not sure what happens after you sign on the dotted line? You’re not the first one, so I decided to start a new video series where I take you through what to do after buying a house. In this video I go over why you Read the Rest…
No matter how many times I talk about closing costs on my blog and to my clients, buyers are still shocked the day they have to bring in their cheques to the lawyer’s office before the closing date. How much should closing costs be, how are closing costs calculated, what is included in closing costs, who pays Read the Rest…
What is CMHC (Canada Mortgage And Housing Corporation) and how does it affect you as a buyer? It all depends on how much money you will need to borrow from your bank . Here is a simple and easy to understand break down on how CMHC works, the fees and how the premium is calculated. The Read the Rest…
***Next First Time Buyer Seminar scheduled for March 6th, 2013, details to follow soon*** For those of you who couldn’t make it to my first time buyer seminar or even for those of you who came but were in information overload, I will be posting notes from the seminar right here to make it easy Read the Rest…
The Toronto Land Transfer Tax is on the forefront of everyone’s mind. How does it affect the Toronto real estate market and what can YOU do to abolish it? Well I do have the answers for you, just check out my guest post on RateHub Canada’s blog, click here and it will take you directly to the post. Read the Rest…
***Next First Time Buyer Seminar scheduled for March 6th, 2013, details to follow soon*** I have some very exciting news to share, I will be hosting my first ever First Time Home Buyer Seminar!!! It will be a great night filled with lots of learning and information. Buying your first home can be very intimidating, I know it was Read the Rest…