General Krishna Menon 18 Mar
A home equity line of credit (frequently called HELOC) is a loan in which the bank consents to loan the greatest sum inside a concurred period (called a term), where the security is the borrower’s equity in his/her home (similar to a second mortgage). Since a home regularly is a shopper’s most important resource, numerous […]
Read MoreGeneral Krishna Menon 9 Feb
Before you begin your search for a new home, you need to plan ahead. There are lots of costs associated with homeownership, including: Household repairs Land or property taxes Household utility bills Make use of online calculators and other worksheets to help you figure out how these costs add up and what you can and […]
Read MoreGeneral Krishna Menon 18 Jan
Step #1: Start the Mortgage Process First, you’ll want to determine your new mortgage budget, before you purchase your new home. Are you able to meet your repayment requirements? How much can you afford to pay each month? These are crucial questions to ask before you start, as they’ll be the determining factors of whether […]
Read MoreGeneral Krishna Menon 15 Dec
A few months ago, the OSFI (Office of the Superintendent of Financial Institutions) introduced some new strict mortgage rules. In less than a month, they’ll be coming into effect. So, if you are a home buyer applying for a new mortgage, with a down payment of 20 percent or more, than it’s not mandatory for […]
Read MoreLatest News Krishna Menon 17 Nov
According to the Royal Bank of Canada, new mortgage rules expected next year with lead borrowers into the arms of unregulated federal lenders. Beginning on January 1, 2018, Canadian homebuyers will be required to meet stricter guidelines if they hope to qualify for a mortgage with an Canadian mortgage lender. The Office of the […]
Read MoreFirst Time Home Buyer Krishna Menon 1 Nov
In order to save time and avoid issues that arise when buying a home, you need to get a mortgage pre-approval. It’s a vital step in the home buying process that should not be overlooked. This step is basically the determining factor of how much you can afford to spend on a home, which will […]
Read MoreGeneral Krishna Menon 16 Oct
You’re probably asking yourself what is the best mortgage rate, right? Although it may seem like a pretty straightforward question, it’s quite complex. It can open the door to a number of other questions, making it almost impossible to respond to due to recent federal rule changes early this year. Due to these changes, […]
Read MoreGeneral Krishna Menon 3 Oct
What are the best ways to save a down payment for a home? Well, we’ve concocted this list just for you! Not only can you apply them to your new home down payment saving plan, but you can also apply them to any other big money purpose in the foreseeable future. This could include: […]
Read MoreMortgage Refinancing Krishna Menon 25 Sep
You could be asking yourself if now is the right time to refinance your home. First you need to know whether or not it’s in your best interest to do so, and then figure out what type of refinancing is right for you. Types of Refinancing There are two types of refinancing you can consider: […]
Read MoreFirst Time Home Buyer Krishna Menon 13 Sep
You are a first-time buyer and I bet you’re wondering how you compare to other first-time buyers. There are probably a million questions you’re asking yourself including: Do I look like the average first-time buyer? Who are these average first-time buyers and what does their information look like? What is in their savings accounts and […]
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