Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on what’s going on in the world of mortgage… Continue reading Mortgage Monday Rate Update – July 2012
Renting underground
I have a lot of clients who want to buy properties that have the possibility of renting out the basement for some extra income. There are several concerns that you should be aware of if you intend to do this. 1. Is the apartment legal? In Barrie, very few basement apartments are actually legal apartments.… Continue reading Renting underground
Cash Back Refinances
With the recent changes to mortgage regulations in Canada, it’s become a little harder to refinance your home to pay off higher-interest debt or do some renovations around the house. There is an option for those that need to go beyond the revised limit of 80% LTV (Loan to Value – home much you owe versus… Continue reading Cash Back Refinances
Lazy Days of Summer… Creating a Balanced Barrie Housing Market
This is a guest post by Caroline Doherty of Century 21 B.J. Roth Realty. Information provided courtesy of CMHC. Summer is now in full force. With the increase in temperatures be sure to hydrate regularly and stay cool. Remember not to leave children and/or pets in your vehicle unattended. You may think that with this heat no… Continue reading Lazy Days of Summer… Creating a Balanced Barrie Housing Market
Abandonment
A client called me not long ago to let me know that the sellers of the home she had bought had left some items behind. Her question: did she have to arrange for the new owner to retrieve them? The general rule on items in the house is that chattels go unless they have been… Continue reading Abandonment