Purchasing a home, working hard and fast on some marketable renovations, and then re-selling the property can add up to some tidy profits if done quickly and correctly. If you're interested but don't have the funds to purchase a property outright in cash, read on for what you need to know when financing a flip!
Tag: real estate
RRSP TIME – 3 Things That Are Really Handy To Know
Regardless of whether you find this topic fascinating or dull, knowing your options when it comes to Registered Retirement Savings Plan (RRSP) can really be quite helpful!
SELF EMPLOYED & WANTING TO BUY? The 4 Things You NEED To Know
So you've finally taken that leap and started your own consulting business, cleaning company, Etsy shop, or other career as a self employed person. Or maybe you've been doing contract work for a while now? You may have jumped both feet in or you may just be starting off part-time. In any case, if buying… Continue reading SELF EMPLOYED & WANTING TO BUY? The 4 Things You NEED To Know
PRIME’S MOVED UP AGAIN…
What to expect with the Bank of Canada's 2nd increase of their Overnight Rate this year... This change affects variable interest rate mortgages and any credit facilities that are tied to Prime (such as credit cards, lines of credits, and loans).
Is NOW “The Time” To Lock Your Variable Rate Into a Fixed Rate Mortgage??
Interest rates are on the rise. What's happening? If you have a variable rate, should you consider locking in? What is you already have a fixed rate? What if you're still house-hunting?
ONTO THE NEW BEFORE MOVING OUT OF THE OLD
So you've found a new home but move in before you receive the sale proceeds from your current home? Not a problem if you don't need to use the sales proceeds for your down payment but what if you do? Read on to see if Bridge Financing is an option for you!
To Buy or To Sell – Which Should You Do FIRST When Moving Up, Down, or Sideways To Your Next Home?
Homeowners who are selling a property at the same time as buying, are often the least serviced customers in the mortgage industry. If you are both buying and selling your home, you are now managing TWO transactions instead of one and should contact a Mortgage Broker to have a thorough discussion of your mortgage plan and goals.
GOING THROUGH A SEPARATION BUT WANT TO KEEP YOUR HOME?
Separating from a spouse is emotionally draining and this is often compounded when the largest asset in many relationships, the matrimonial home, is a factor. Sometimes, both parties want to sell and buy new homes but other times, one person may want to keep the home and pay their Ex out for his/her share of the equity.
What is Your Home Really Worth??
Understanding Why The City’s Assessment, A Realtor’s Market Evaluation, & An Appraiser’s Value May Be Different. You receive a City Tax Assessment in the mail in January of each year. Then, when considering the sale or refinance of your home, a Realtor tells you what they believe your home should be priced. If refinancing,… Continue reading What is Your Home Really Worth??
Your Credit Score Got An Upgrade in 2016 – How It Impacts You
Equifax, one of two credit reporting agencies in Canada, creates the formulas that calculate your credit score. They create new formulas to adjust to changing consumer behaviour. The mortgage broker industry previously used a formula called Beacon 4.0. As of June 1st, 2016, we are now using Beacon 9.0. This new formula recognizes that a… Continue reading Your Credit Score Got An Upgrade in 2016 – How It Impacts You