Sandra's Mortgage Blog
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
The Process of Transferring Your Mortgage to Another Property
When you make the decision to move to a new home, you might be worried about the status of your existing mortgage. The viable option of “porting” your mortgage—moving to a new home and bringing your present mortgage terms and interest rates with you—is possible. Let’s check the pros, cons,
Co-Signing a Mortgage: Responsibilities and Risks
Have you ever been asked to co-sign someone’s mortgage by a friend or relative? Though it could be a charming way of enabling them to realize their dream of homeownership, it’s not a choice that needs to be made impatiently. In Canada, co-signing a mortgage has serious obligations and threats