The hidden costs to consider when buying a home
Buying a home for the first time is a fantastic experience. The process seems like it goes by super quickly, but so many homebuyers do not realize some of the expenses of buying your first home. So, we thought it was about time that we took some time to let you know some of the costs that you may face when it is time to put pen to paper. We should note that each sale is a little different, and you might see different or lower costs when it is your time to buy.
The official unofficial Canadian Mortgage Document Checklist
Buying a home is an exciting and often overwhelming process. The pace is fast, and no matter if you are looking for a new home or refinancing your current mortgage, the paperwork is sometimes daunting. We thought it was time to simplify and provide you with the official, unofficial Canadian mortgage document checklist.
Top Strategies For Home Buyers Looking To Find The Best Mortgage
Unless you are fortunate enough to have cash to buy your home, getting the right property is only half the problem. The other half is in knowing the best type of mortgage to choose. This is why it is essential to pay attention to know the top strategies for home buyers looking to find the best mortgage.
Tax Benefits of Owning a Home
Buying a home has many benefits. While it’s probably one of the biggest purchases you’ll ever make, there are advantages that can save you money in the long run. There are deductibles and tax benefits you can take advantage of as a homeowner. It’s important to understand these benefits so you can figure out what kind of financial advantages that owning your home can offer you.
Building a Better Future: Financing That New Home Build
Many Canadians are looking to build a home of their dreams; however, they’d like. This is a new build that is completely different from purchasing an existing home that is already built. If you want to build a completely new home, then you need a specific type of loan in order to build it. Read on to find the information we’ve gathered on new construction loans and being able to build the home of your dreams.
How do real estate commissions work in Canada?
Real estate commissions are paid to real estate agents who are responsible for listing the property or representing the buyer in the transaction. Depending on how a transaction is executed, the commission may be split between the seller and buyer.
Canadian Mortgage Rate Trends for 2021
In this article, you will find key information about current mortgage rate trends in Canada. The Bank of Canada (BoC) target rate, which is linked to variable mortgage rates, is at its lowest right now, so don’t expect any further drops! BOC has made a commitment to keep key rates low until the economy begins to recover. Many forecasters are predicting economic recovery will not gain pace until 2022 / 2023.
Difference between prime mortgage lenders and private lenders
When buying a new home or commercial real estate property, individuals and businesses use mortgage loans instead of making a single upfront payment. When taking a mortgage loan, borrowers can choose between a mortgage lender and a private lender. A mortgage lender can either be a prime mortgage lender or a subprime mortgage lender, depending on the borrower’s credit score.
Homewise is a Free Online Mortgage Service That Saves You Time and Money
It’s almost too good to be true, but that’s what we love about our business; we get to help people realize their home buying dreams, and do it in a way that saves them a lot of time, money, and confusion.
