Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates changes even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on what’s going on in the… Continue reading Mortgage Monday Rate Update – October 2011
Month: October 2011
This is the house! Now what?!
Once the house hunt has yields an exciting discovery, the question ALL first time home buyers ask is: “sooooo….what do we do now?” The answer I always give is the same; and here it is in an easy to understand step by step process: – your real estate agent will call the agent who has… Continue reading This is the house! Now what?!
What exactly is a condominium, anyway?
Condos were created in Ontario by the Condominium Act in 1967; the legislation has changed many times, and the most recent version is the Condominium Act, 1998, which was passed in (naturally) 2001. There has been some talk of some updates recently, but the legislation is still substantially the same as it was ten years… Continue reading What exactly is a condominium, anyway?
Signing the Buyer Representation Agreement
Contracts in general tend to be difficult for people to sign. There is a finality to it. Obligation. If you’ve bought a home in Ontario, you’ve likely seen this form. There are reasons that this form is used that protect both you as the buyer, and us as the REALTOR. When you sell your home,… Continue reading Signing the Buyer Representation Agreement
The Cost of Borrowing
With the emergence of the Internet over the past couple of decades, more and more consumers are playing an active role in “rate shopping” for their mortgage. Unfortunately, the “best rate” doesn’t always equal the best mortgage – there’s usually a big difference between the lowest rate and the lowest total cost of borrowing. In fact, the… Continue reading The Cost of Borrowing