Costs to remember when preparing for your home’s closing. Closing costs, which range from 1.5 to 4% of a property’s selling price, include the legal and administrative costs associated with your home purchase. In addition to closing costs, there are other expenses and/or events that may require a cash outlay before, on or after your…
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, based on the best conditions proposed. Do’s and Don’ts Be careful not to let multiple bids steer you into a spiral of “ignorant bidding”. Do your financial…
Who should you turn to for your mortgage pre-approval? Treat your mortgage like any other major purchase – that is, make sure you take the time to compare rates and shop around. Not every Canadian mortgage rate is the same. Bank Rates When you visit a bank, it’s worth noting that their loan officers are…
Prepare for these unexpected costs when building your budget. Many first time homebuyers are often shocked when they see the total amount of their home purchase, with all of the additional costs, on closing day. Here’s a list of some of the “hidden” costs you should expect to pay. Land Survey Although most lenders may…
Find the best mortgage rate today! Did you know, homebuyers who shop around for a mortgage rate are more likely to secure a competitive financing option than those who don’t? Studies have shown that consumers who compare mortgage rates and ask questions during the pre-approval process are more likely to be rewarded with savings. How Can I…