Equity Take-Out
Bridge loans; How do they work?
So you have sold your home and purchased a new dream home, but your closing dates aren’t lining up perfectly, so what do you do? You’ll need bridge financing!
Equity Take-Out
Mortgage for Fixer Uppers
You are considering buying a home that needs some work but aren’t sure how to pay for those improvements?
Don’t worry, a mortgage broker can help you get the necessary funding, even with as little as 5% down!
First-Time Buyer
New Build Home buying Mistakes to avoid!!!
So you are thinking about buying a new home and have decided that a new build is what you really want, that’s a great idea, nearly one third of home buyers opt for a brand new build!
It means you can customize your home to meet your personal wants, needs, and style! You have lower maintenance costs on a new build, and unexpected surprises (like asbestos, major plumbing issues, or electrical upgrades) are unlikely! (more…)
First-Time Buyer
Repercussions of Backing out of a Deal
In real estate sales the responsibility is on the buyer to beware, and to ensure they know what it is they are buying. However, the risks for both the buyer and seller in a volatile market can be very real and some buyer/sellers just want to back out of their deal.
First-Time Buyer
Repaying your First Time Home Buyer plan!
So you borrowed from your RRSP account to utilize the governments First Time Home Buyers Plan (HBP). Now you have to repay that borrowed sum to your RRSP account within the next 15 years. So how do you do that, and what happens if you miss one of those repayments?
Equity Take-Out
Second Mortgage Facts you need to Know!
Do you need to use the equity in your home?
Are you looking for a convenient way to access cash for home renovations, business investment, or debt consolidation?
Then you may be considering a second mortgage.
With a second mortgage, you can borrow against the equity in your home without breaking your current mortgage, thus avoiding unwanted penalties!
But how do you know if a second mortgage is the right product for you? (more…)