Construction Mortgages

familylendingMortgage 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

Bidding War: How To Survive

familylendingMortgage 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

Bank Or Broker?

familylendingMortgage Talk Canada

Who should you consult for your mortgage pre-approval? Handle your mortgage like every other major purchase– that is, be sure you make the effort to compare rates and shop around. Not every Canadian mortgage rate is the same. Bank Rates When you visit a bank, it’s worth bearing in mind that their loan officers are paid to sell you their … Read More