No A deposit is made by the buyer at the time of purchase to secure the property. That deposit is typically…
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What Are Potential Closing Costs?
Home Inspection Appraisal Fee Legal Fee’s Property Transfer Tax Title Insurance Tax Adjustments Deposit
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What is the 90-day rule?
This rule was implemented as the new anti-money laundering act in 2018 It implies that all banks will require proof of…
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What is the Home Buyers Plan?
This program allows all home buyers to pull up to $35,000 TAX FREE from their RRSP to use towards a…
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How do I get into a detached home?
HOUSE HACKING – Meaning you live in one part of the home while renting out the rest of the space BENEFITS Can…
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How does debt affect my mortgage application?
In today’s market, $350 in monthly debt payments will equate to a loss of about $100,000 on your mortgage Example: $25,000 car…
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How do I buy more homes with 5% down?
Step 1 - Buy a home with 5% down (this can be as little as $15k - $20k) Step 2 -…
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How do I pay off my mortgage faster?
Two main methods Accelerated Bi-Weekly Payments This will turn your 25-year mortgage into 21-years Pre-Payment Privileges This option allows you to pay a specified…
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What are the FOUR methods to making money in real estate?
Mortgage Pay Down - Think renters making those principal payments for you Appreciation - The Value in your home going up…
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Do I pick a variable or a fixed rate mortgage?
On average, the typical increase in payment, (given rates id rise), is about $12 - $13 for every $100 borrowed So,…