Sandra's Mortgage Blog
The Impact of Property Location on Mortgage Rates and Approval
Price, interest rates, and financial preparedness are some of the main considerations for many Ontario homebuyers. However, the location of the home is a crucial factor that frequently influences both mortgage rates and approval possibilities. The rates you obtain and whether you are approved for a mortgage can be greatly
The Benefits of Mortgage Prepayment
For the majority of people managing their finances is crucial and getting rid of a mortgage is probably one of the greatest commitments they wish to achieve. This is simply because people feel daunted knowing they need to keep making monthly payments for years to come. Prepayment is a good
Advantages and Disadvantages of Buying an Existing Home
One of the main choices you’ll have to make when thinking about buying a house is whether to acquire an existing one or go with a new one. Purchasing an existing house has numerous benefits for many purchasers, but there are drawbacks as well, particularly when it comes to money
Purchasing an Existing Home vs. a New Build Home
One of the first choices you’ll have to make when purchasing a house in Ontario is whether to buy an existing one or a freshly constructed one. Knowing the distinctions between the two methods will help you make an educated decision depending on your lifestyle, financial situation, and long-term objectives.
The Role of a Mortgage Underwriter: What Happens Behind the Scenes
Getting a mortgage in Ontario can be a challenging process with several detailed steps included. Underwriting is one of the significant processes that must be followed before you get approved. As a borrower, you may not be aware of this step as this is what stays behind the scenes. Professional
Land Transfer Taxes: What Homebuyers Need to Know
When a prospective homebuyer makes calculations for a home purchase it’s important to take into account several major costs including mortgage terms, home costs and of course other closing costs. A noteworthy and frequently disregarded expense in this procedure is the land transfer tax. This tax is necessary to complete