Additional Costs of Buying a Home

familylendingMortgage News, Mortgage Talk Canada

Plan for these unanticipated costs when creating your budget. A number of first time homebuyers are often shocked when they see the total cost of their home purchase, including the additional expenses, on closing day. Here’s a list of a few of the “hidden” expenditures you should expect to pay. Land Survey Despite the fact that most lenders may agree … Read More

Bidding War: How To Survive

familylendingMortgage News, Mortgage Talk Canada

Do you have what it takes to win a bidding war? Bidding wars occur when multiple offers are placed on a house. The seller can take any offer, depending on the best conditions proposed. Do’s and Don’ts. Be careful not to allow multiple bids steer you into a spiral of “ignorant bidding”. Do your financial homework and know your limits. … Read More

Construction Mortgages

familylendingMortgage News, Mortgage Talk Canada

Considering building a new home? Here is what you will need to understand. Building a home is complex; your low mortgage rate shouldn’t be. Let’s take a look at three different ways to finance your newly constructed home in Canada: Builder/Contractor built a home with your money: Customer has made an agreement with a registered builder to construct their home. … Read More

Hot Real Estate Market: Tips For Buyers

familylendingMortgage News, Mortgage Talk Canada

Don’t get burned by a hot market Know Your Budget It’s a risk for any buyer to get in over their head with too high of a best mortgage rate investment. Remember to consider all costs related to buying a home and owning a home. You will need to make the mortgage payments, pay the utilities, do household repairs, etc. … Read More