If you have experienced searching for a house being sold on certain areas of the Canadian real estate market, it is a sure thing that you’re familiar with these so-called “bidding wars”. It is basically about different buyers fighting over the rights to buy a house through bids. While the whole thing may sound fair...
Are you looking for the perfect home for you and your family? It takes time to land the house of your dreams, particularly if you have certain conditions to meet. There are important factors every homeowner must take into consideration before they decide to purchase a house. How to make a purchase without any regrets?...
As a Canadian homeowner, it’s relieving to know that you can make a sound decision on matters concerning homeownership, and that you can do so in a sensible, relaxed and reliable manner. Getting a mortgage, after all, is not a walk in the part. It requires preparation and a responsible mindset, because once you get...
Stricter mortgage regulations imposed by the government could make it harder for you to get a mortgage. Under the new rules, banks are required to increase the amount of capital they are holding to back mortgages that are presently in the market. What this means for homebuyers is that it could become harder to be...
Mortgage rates can sometimes be deceiving. Big banks lure you in and before you know it, you’re caught in the trap. There is no need for you to pay the posted rate the next time you apply for mortgage. Everyone’s free of that responsibility these days. What is a cause for concern, however, is that...
Tighter mortgage rules make it more imperative than ever that homebuyers determine just how much they can afford before applying for a home loan. The new regulations are expected to affect the amount that borrowers can qualify for, as well as the interest rates they will be charged. The real estate market is expected to...
If you have a lot of debt such as mortgage and credit cards, you have to start taking steps to repay it. Don’t think that you can continue just paying off the minimum. You might not ever be able to pay off your debts faster, and you are simply making the banks richer by paying...
What A Perfect Mortgage Candidate Looks Like According To Lenders? Different banks and lending institutions have different guidelines when it comes to approving a mortgage. When applying for a mortgage, lenders often look for certain qualifications in order determine that the borrower will be able to make the monthly amortization. Here are some of the...
Applying for a mortgage is one of the most common ways to fund your future home. But getting one isn’t always easy. If you want to ensure that your mortgage loan gets approved without any problems, you should avoid doing any of the following: Changing Jobs Changing jobs a few weeks before you have to...
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