I have to say, these rate updates are becoming a little dull – rates haven’t been moving around much lately, but at least they’re staying low, right? Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could… Continue reading Mortgage Monday Rate Update – October 2012
Month: October 2012
Rentals to be assumed
Most people (in Ontario, anyway) rent their hot water heaters. What happens when you sell your house? Most agreements will provide that the hot water tank rental is to be assumed by the buyer. Generally, this is quite simple; if your rental is through Enbridge, as most are, it will automatically transfer over to you… Continue reading Rentals to be assumed
Happy Thanksgiving!
Boy, it sure got cold out this weekend, eh? Enjoy the cool, crisp fall weather! We hope you have a great Thanksgiving with your friends and families. TimTim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with a variety of lenders and can help customize a mortgage with… Continue reading Happy Thanksgiving!
Toeing the line
In Ontario, most purchases close without an up-to-date survey, because most buyers purchase a title insurance policy at the same time that they buy the house. What happens if you find out after the fact that your neighbour’s property encroaches onto yours? Generally speaking, this is covered by your title insurance policy, if you bought… Continue reading Toeing the line
Article: Be Loyal & Don’t Shop: A Recipe for Overpaying
There is a fantastic article written by Rob McLister over on CanadianMortgageTrends today that I thought I’d share with you instead of writing one myself. It’s a commentary on research done over the past decade which discusses how much consumers are over paying by not comparison shopping their mortgages (something that mortgage brokers do for you –… Continue reading Article: Be Loyal & Don’t Shop: A Recipe for Overpaying