The new mortgage rule announcement has spurred rumours of dropping property values. While I think there may be some price movement, I don’t think it will be as drastic as some articles portray. That being said, property appraisals are a valuable part of the real estate transaction and I believe lenders will be relying on them … Continue reading
A couple of the most frequently asked questions I get are ‘how much downpayment do I need?’ and ‘what other costs will there be?’ My answer is to budget at least 1.5% of your purchase price in addition to your downpayment to cover additional costs and below is what that number can include. I’ve also … Continue reading
When searching for a property to purchase, one of the first decisions a homebuyer has to make is choosing between a new build and a pre-existing property. While there are a few differences with the financing between the two different property types, securing the mortgage should not be too difficult and below are six tips … Continue reading
How much does it cost to get a mortgage? One of the most frequently asked questions I get is ‘how much does it actually cost to get a mortgage?’ My answer is to budget at least 1% of your purchase price to cover costs and this week I want to detail what that number can … Continue reading
1. Talk to the MortgageGirls We will ask a series of questions relating to your family income and assets, the size and source of your down-payment as well as your other monthly debts. This will allow us to determine your financial profile so we can then discuss purchasing a property and your borrowing goals … Continue reading
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