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 | Mar 4, 2016 | Buying and Selling, Mortgage Basics, Mortgage News
The real estate prices in the Hamilton and surrounding area is going up at a swift pace. Part of this has been caused by the lack of houses for sale and the increase in demand. It is actually making it difficult for some buyers to get that house of their dreams. Why... 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... by Amy Coburn | Feb 5, 2016 | Buying and Selling, First Time Home Buyers, Mortgage Basics
Spring is in the air and things are heating up in the real estate market. To get prepared, not only do we recommend getting a pre-approval, but here are some of the documents you should be gathering.Mortgage lenders require paperwork that verifies every facet of your... by Amy Coburn | Nov 13, 2015 | Buying and Selling, First Time Home Buyers, Mortgage Basics
The mortgage pre-approval process is one that can greatly improve the likelihood of a smooth purchase process. Benefits of getting a Pre-Approval:· Hold a great interest rate for 120 days· Make sure you qualify for a mortgage· Know your maximum... by Amy Coburn | Oct 16, 2015 | Buying and Selling, First Time Home Buyers, Mortgage Basics
Many house hunters know the feeling of seeing a home that’s almost perfect, but it needs a few changes to make it their own. Maybe you want to tear out the retro kitchen, update the old-fashioned bathroom, or replace some old drafty windows. With Purchase Plus... 