Back in the “old days,” people would usually only go to a mortgage broker when they weren’t able to find a mortgage on their own (self-employed, past bankruptcy, bad credit, insufficient income, etc) – they had usually been turned down by a bank, and needed the help of a mortgage broker to obtain financing. The mortgage broker… Continue reading How Much Do Mortgage Brokers Cost?
The Importance of a Home Inspection
As a real estate agent, a question that I’m often asked once I’ve assisted my clients in reaching a conditional agreement with the sellers of a home is “Do we really need a home inspection?” My answer is always something like “Yes, you do” – from there, the choice is yours! Just like your agent,… Continue reading The Importance of a Home Inspection
Teranet, Teraview, e-reg: why is my lawyer always at the computer?
In Ontario, most real estate transfers are completed electronically; at last check, 97% of land registry offices were equipped to do electronic registration. Everything from title searches to registration of mortgages to transfers of property is completed online, with the lawyer “signing” electronically rather than attending at the land registry office to sign physically. This… Continue reading Teranet, Teraview, e-reg: why is my lawyer always at the computer?
A Closer Look at Credit Reports
If you want to purchase a house and need a mortgage, someone is going to have to pull a credit report at some point along the way. A credit report outlines credit history and ultimately, credit worthiness. Credit-reporting agencies are governed under The Consumer Reporting Act, and anyone who pulls a credit report needs to… Continue reading A Closer Look at Credit Reports
Power of Sale
As a real estate agent, one of the requests I get very often from clients who are seeking a good deal is “Hey, can you send me power of sale listings when the come on the market?” For those of you not fully sure what the term “power of sale” means (and for the rest… Continue reading Power of Sale