Essential Key Terms for First-Time Home Buyers:

Wednesday Nov 4th, 2020


Essential Key Terms for First-Time Home Buyers: Help make purchasing a home a little less overwhelming by understanding a few common terms that frequently come up during the buying process: Amortization:  The process of paying off a loan through a series of periodic payments to a lender. The payments include two items: interest, which is what it costs you to borrow the money, and principal, which is the amount of money you borrowed. Appraisal: A written estimate of the... [read more]

Buying in a competitive market // TIPS

Tuesday Sep 22nd, 2020


BUYING IN A COMPETITIVE MARKET // TIPS   Buying in a competitive market can feel exhausting and discouraging… when demand is high & supply is low. Buyers have to go above and beyond to make their offer stand out in competition!   Read below for some tips that have helped my buyers come out on top in competition!   ✖️ Money Talks- In competition you have to put your best foot forward. Most time you only have 1 shot. Unless a couple offers are close... [read more]

#HOMEBUYERS One of the very FIRST steps in the process of buying a home

Monday May 4th, 2020


As you navigate the home-buying process, it’s important to understand the steps as well as the terms used by mortgage lenders, which are very likely to include pre-qualification and pre-approval. Pre-qualified or pre-approved — what’s the difference? Mortgage pre-qualification is generally a quick, simple process. You provide a mortgage lender personal financial information, including your income, debt and assets. Based on your information, the lender will give you... [read more]

#HOMEBUYERS How much do I need to save for a Downpayment

Friday Sep 6th, 2019


Minimum down payment A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home. The minimum amount you'll need for your down payment depends on the purchase price of the home you'd like to buy. Table 1: The minimum amount you'll need for your down payment based on the purchase price of your... [read more]

Everything you need to know about CMHC's First Time Home Buyer Incentive

Friday Aug 23rd, 2019


The federal government wants to make home ownership more affordable for young people and to do that it’s introducing the First-Time Home Buyer Incentive (FTHBI) this September. The $1.25 billion program, announced as part of the March federal budget, involves the government buying equity stakes in homes purchased by qualified home buyers, allowing for smaller mortgages that will keep monthly payments lower. But how will the plan work? Below, we break down all the key details... [read more]


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