Short Version Asking whether ones mortgage is portable or not is not the right (complete) question. Confirming that one is able to qualify to port their mortgage to a new property is the key question. Speak to your Broker in detail about your plans, and assume...
Short Version Purchasing a Property should be a calculated move, lacking in surprises. 1. Speak to you Mortgage Broker ask if you ‘Qualify to Port your mortgage’. It is not well known that although the mortgage may be ‘portable’ both the...
Your Real Estate Deposit held ‘In Trust’. We recently had a client enter into a Contract of Purchase and Sale, with the standard subject clauses. The purchase price was $450,000, our the buyers were considered first-time buyers, hoping for 95% financing....
The (quietly) raging battle behind the scenes over your Mortgage Renewal – things to know & understand. As you approach your mortgage renewal date, there is often a letter or a call from your current lender that arrives up to 6 months in advance of the...
Good Debt vs. Bad Debt – Why the easy path is the wrong one. Lets face it the right thing to do, is almost always the hardest thing to do. i.e. saving money, eating right, adhering to the speed limit. Good debt. An oxymoron? Not at all. Good debt is debt used...
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