Getting a new mortgage to replace your current one is called refinancing. People refinance their mortgage to take advantage of lower interest rates, cash out a portion of their equity, or to reduce their monthly payment with a longer payment term.
Although Real Estate technology can never replace a Real Estate agent, there are certain resources that can be utilized to narrow down your search making the process smoother overall.
Open houses are a highly debated topic in the real estate industry. Some realtors will insist that open houses are a crucial component of the selling process, while others want nothing to do with them.
Purchasing a home is an intimidating task, and we understand that. To make it easier, we have broken down the buying and closing process on a resale property for you.
Individuals use mortgages to make large Real Estate purchases without paying the entire purchase price up front. In this article we explain important factors to consider when you are looking to purchase a home.
Buying or selling a home will be one of the biggest transactions of your life. With such an important transaction, there are many factors that need to be considered such as negotiations, price guidance, emotional help, etc., and this can be a long, complex and stressful process if you do not have the right guidance.
Owning a recreational property in the summertime is every Canadians dream. Although it is a big responsibility, cottage ownership is becoming increasingly popular. There are factors such as mortgages, maintenance and extra taxes that need to be considered but if you are looking in a good area and invest in the right property with potential, it is possible to see a great return on your investment.
Over the last decade, buying a second property has become much more popular for middle-class Canadians. Purchasing a second property is a decision that requires thoughtful planning to figure out if it is a viable option for you. Whether it is an investment property, vacation home or cottage - the epitome of the “Canadian dream”, it is important to understand what purpose your second property will serve.
The First-Time Home Buyer Incentive is geared towards middle-class first-time home buyers. It is designed to help you buy a home and lower your monthly mortgage payments. It is a shared-equity mortgage with the government, meaning that the government shares in the upside and downside of the property value.
CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.
