The Best Time to Invest in Real Estate for Amazing Results
The time to invest in real estate has never been better and here’s why you should buy rental property All across the country, we’re seeing real estate markets break records. Limited inventory, low interest rates, and a flurry of buyers, have conspired to create the perfect opportunity for sellers to get top dollar for their […]
What’s the difference between Pre-Approvals and Approvals?
The difference could cost you a lot more than you think. There are actually three different types of mortgage tools to determine you budget: pre-qualifications, pre-approvals and finally approvals. All three are similar, but also very different in how they should be used. The more documents you can provide to a mortgage broker the better. […]
Should I refinance my home now?
With rates at all-time lows you might be asking yourself, should I refinance my mortgage now? The first thing you should consider when deciding if it’s the right time to break your mortgage and refinance is to ask yourself why are you breaking your mortgage? Are you wanting a lower interest rate? Do you want […]
Toronto Real Estate Update: Q&A with Alex Balikoev
There have been a lot of changes since the Coronavirus has surfaced in Toronto. We chat with Alex of Sotheby’s to find out the latest updates Alex Balikoev is no stranger to change in the real estate industry. He started his career selling real estate back in Russia in 2008 and has risen to be […]
Mortgage Rates Explained
Why are there so many different types of mortgage rates in Canada? We break them down for you. If you’ve been in the market for a new mortgage you may have stumbled upon some really tantalizing fixed or variable rates online but when you’re inquired about those rates it turns out you’re not qualified. What […]
How to Get the Best Rates
How to Get the Best Mortgage Rates when You’re Mortgage is up for Renewal When shopping for a mortgage, the best way to get a great deal on your mortgage might not be the easiest way. You might want to think twice before signing that mortgage renewal statement that your existing mortgage provider mails to […]
Fixed vs Variable Mortgages
Should you get a fixed or variable rate mortgage? The majority of Canadian’s struggle with understanding the difference in these two types of mortgages and what is the better option with most opting for the standard 5 year fixed mortgage. But is this the best option? The truth is that there is no straight forward […]
How Much Are Closing Costs for a Home?
We often get asked this question:
How Much are Closing Costs When Buying a Home in Ontario?
A very important (but often overlooked detail) when purchasing a home in Ontario is how much the bank wants to see set aside of your own money for the closing costs. As a general rule of thumb this works out to about 1.5% of the purchase price.