Are you looking to buy a home in Ontario? While navigating through the process, you'll come across the Land Transfer Tax, a common step for new homeowners. If you're wondering whether you'll need to pay this tax or if you qualify for any rebates, you're in the right place. In this post, I will guide […]
Are property taxes included in your mortgage? This article will cover all the basics of fulfilling your property tax obligations and how you can use your mortgage to facilitate this:
Purchasing a house can be an exciting yet often overwhelming experience, especially for first-time buyers. As you navigate this intricate process to find the perfect home, it is possible to overlook critical details such as signs of mortgage fraud or fraudulent lenders. Given that mortgage fraud has emerged as a critical concern within the real […]
Navigating the world of mortgages can be complex, especially when trying to understand the role of debt ratios. Your gross debt service (GDS) and total debt service (TDS) ratios are vital in determining your mortgage loan eligibility. Whether you’re a first-time homebuyer or a seasoned homeowner, a solid grasp of these concepts is essential for […]
Here are some links to assist you with your mortgage package review. Three Ways You Can Pay Your Property Taxes Choosing the Right Mortgage Payment Option Prepayment, Porting and Assumable - 3 Mortgage Terms to Know What is an Interest Rate Differential (IRD) and How is it Calculated? Sample Canada Life form Sample Mortgage Suitability […]
Here are some important points regarding bridge financing: There must be a firm sale agreement on your existing home no later then three weeks prior to the closing date of your new home purchase There is a $250 set up fee charged by the lender The interest rate is Prime +5% Your lawyer may charge […]
What is required 1) One pay stub Why is this needed: pay stubs are used to show the lender your year to date income total, that your are currently being paid, your income is consistent with each pay and that there are source deductions. 2) Letter of employment Government of Canada employees, please visit your MyGCPay […]
What is required 1) One pay stub Why is this needed: pay stubs are used to show the lender your year to date income total, that your are currently being paid, your income is consistent with each pay and that there are source deductions. If you are unsure if you are receiving acting pay, you […]
To make sure you’re not wasting time or money on areas that won’t benefit your bottom line once you sell, here are a few upgrades to focus on that will boost the value of your home.
