Before starting your home search, you must first obtain a mortgage pre-approval. Once armed with the information of how much you can afford, you can start the fun part, shopping! Fast forward, now you have found your dream home, but the works does not stop there. You will need a mortgage approval, but there are Read the Rest…
We are going to go over some mortgage terminology so that when talking to your friends/family, you can throw around some big words and sound like you know what you’re talking about: Amortization: this big, confusing word just means how many years it will take you to pay off your mortgage completely, the longest time Read the Rest…
Mortgages can be confusing and sometimes just annoying, so I thought I would bring it back to basics and try to make it easier and interesting, although no guarantees on either. Before even thinking about going home shopping, I highly recommend that you receive a mortgage pre-approval, this not only makes you aware of your budget, but Read the Rest…
That’s right, the blog post title is not a typo. Jim Flaherty is once again trying to cool our housing market and although this change might not make a huge impact now, it does have some implications for the future. It sometimes feels like Jim Flaherty is the bully and our housing market is the Read the Rest…
I love a good infographic so it’s awesome when the team over at RateHub came up with this one. It shows an overview of the Canadian mortgage market, the good, the bad and the ugly….have a look! 2013 Mortgage Market Infographic: The Good, The Bad, The Ugly by RateHub.ca What do you think? Are you 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 the financing 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…
A couple of weeks ago I had my second ever First Time Home Buyer Seminar and I couldn’t be happier with the turn out. Jake (my co-host & mortgage expert) and I had 30 eager first time buyers in attendance all ready to learn. The space was pretty cool too, it was at the Metropolis Factory in Read the Rest…
When getting a mortgage what do you prefer? A fixed or variable rate? Brennan Valenzuela from RateHub Canada is here to let us know which rate is preferred by most Canadians…. The Canadian housing market is performing just above the 10-year sales average. This year, more than 500,000 homes were purchased in Canada’s housing market. Roughly Read the Rest…
I am delighted to have been asked by the Realty Queen of Toronto to write a guest blog post while she’s on vacation and could not come up with a better topic than financing a renovation. Why? Those of you who following Aleksandra on twitter and read her blog and facebook page regularly will Read the Rest…