Buying a condo, a house or other types of real estate properties are unlike any other purchase. It requires a lot of paperwork and legalities. And because of the sale price involved, buying a home is also financially challenging and confusing. Here are some of the most common financial terms and phrases relevant to buying a condo or a house in Toronto. Getting Pre-Approved. Getting pre-approved is not a requirement but is a significant component to buying a condo or a house in Toronto. Getting pre-approved means your financial standing has been reviewed and approved eligible for real ...
Home Financing Guide: A Primer
July 9, 2018
5 Tips to Get the Mortgage That’s Right for You
October 4, 2017
The process of securing a mortgage can be a little nerve-racking. It's sort of like finding a needle in a haystack only that now the process is a little bit more meticulous and more intimidating with a bit more variations and styles. And all the more if you are a new buyer. In this article, we are going to explore 5 helpful tips to help get the mortgage that’s just right for you. Ask for Advice I know what you must be thinking right now. Isn’t that kind of obvious? Well agreeably, it is pretty obvious but it ...
Should you go variable or fixed?
December 19, 2011
Should you go variable or fixed? Kerri-Lynn is the Community Manager for RateHub.ca, a site that compares Canadian mortgage rates. It is an in interesting time to pick a mortgage rate for your condo. Rates are near historical lows and the spread between variable and fixed mortgage rates is also abnormally low. In the past, variable rates have proven to be less expensive - BMO recently reported the last time fixed rates held advantage over variable rates was in the late 1980s – but this may be one of those times in history when choosing a fixed mortgage rate ...