by Amy Coburn | Jan 9, 2017 | Budget, Buying and Selling, First Time Home Buyers, Mortgage Basics
Happy New Year Everyone! January brings upon the arrival for those dreaded credit card bills that many people rack up over the holiday season. We live in a society that tends to over spend at Christmas, which is easy to do when we use credit and debit cards. So... by Amy Coburn | Aug 5, 2016 | First Time Home Buyers, Mortgage Basics
You may have heard mention of a collateral charge mortgage or this may be the first time you have heard the term. One method of securing a mortgage or loan against your property is a collateral charge. It has become standard practice at some of the big banks. It is... by Amy Coburn | Jul 22, 2016 | First Time Home Buyers, Mortgage Basics
We see it time and time again, first time home buyers, (even second and third time) caught off-guard by the costs of buying a home. Here is a list of some of the big and little expenses that you need to plan for when house hunting. Land Transfer Tax – When a property... by Amy Coburn | Apr 15, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics, Mortgage News
In a competitive seller’s market like today, the importance of knowing the accurate value of your next home is absolutely critical.Some people like to say that the true value of anything is determined by what the market will bear. But when buying a home, that’s a very... by Amy Coburn | Mar 18, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics
A “Port”able Mortgage means that you can move your current mortgage to your new home. This can be a cost saving option when moving before your current mortgage term is up. Porting can protect you from mortgage breakage penalties.Straight Port: This is simply keeping... by Amy Coburn | Feb 19, 2016 | First Time Home Buyers, Mortgage Basics, Mortgage News
Effective February 15, 2016 new rules went into place governing the minimum down payment required on the purchase of a house in Canada.Here are the new guidelines for down payments: Purchases under $500,000 won’t be effected. The minimum down payment required... 