Smooth Move

By: The Virani

Smooth Move

Tags: AVOID MOVING HORROR STORIES, PACKING, MOVERS, ORGANIZE, INSURANCE, UNLOADING

We've all heard moving horror stories – you might even have one yourself! But take these steps to avoid common problems and your next move will surely have a storybook ending. - Start prepping ASAP. Wait until the last minute to book a mover and you might be out of luck, especially if you're moving in spring or summer. As soon as you know you're selling, you can start purging yo...Read More

Mortgage Myths

By: The Virani

Mortgage Myths

Tags: MORTGAGE MYTHS, PRE-QUALIFICATION, PRE-APPROVAL, BEST RATE, BEST TERMS, LOWEST FEES

Misconceptions about mortgages can cause buyers to stumble on the path to their next home purchase and even cost them money. So let's bust some common mortgage myths! - Pre-qualification and pre-approval are the same thing. Mortgage pre-qualification is based solely on your unverified, self-reported financial information. Preapproval, on the other hand, means the lender has checked your credi...Read More

Score A Great Mortgage Rate!

By: The Virani

Score A Great Mortgage Rate!

Tags: MORTGAGE RATES, DREAM HOME, CREDIT SCORE, PRE-APPROVAL

Is 2016 the year you focus on finding your ultimate dream home? If so, let's get together now to go over the steps necessary to put your finances in order, and ensure you're in the best position possible for a smooth and successful mortgage experience when you do find that perfect property. The emphasis should be on working on your credit score. A credit score is a number, available to yo...Read More

4 Steps To Mortgage Success

By: The Virani

4 Steps To Mortgage Success

Tags: MORTGAGE SUCCESS, CREDIT CHECK, RATES, TERMS, FEES, PRE-APPROVAL

1. Check your credit! Unaddressed mistakes on credit reports can slow the mortgage application process or stop it altogether, potentially costing you that property you want. Financing based on incorrect information can result in a much higher interest rate, so be sure to fix any errors on your credit report well before home hunting or applying for a loan. 2. Compare products. Loan structures &nda...Read More

Moving Forward With A Pre-Approval

By: The Virani

Moving Forward With A Pre-Approval

Tags: MORTGAGES, PRE-APPROVAL, QUALIFYING, LIMITED INVENTORY, BUDGET

There are some real estate markets in Canada where buyers continue to compete for limited inventory. While helpful homebuying tips abound, there is one that comes down to economic basics: securing a mortgage preapproval to demonstrate your financial readiness. A recent poll* reported that 61 percent of Canadian home sellers would only consider offers from potential buyers who had been pre-approve...Read More

Mortgages: The Lowdown on Down Payments

By: The Virani

Mortgages: The Lowdown on Down Payments

Tags: MORTGAGES, DOWN PAYMENTS, NEW RULE, MINIMUM AMOUNT

There's a new down payment rule now in effect, valid as of February 15, 2016, that increases the amount of the down payment necessary to buy a home selling for more than $500,000. The minimum down payment on a home was previously a straight five percent of the purchase price, however as of December 2015 homebuyers must now apply a minimum of ten percent down on the portion of their purchase t...Read More

Good Debt Vs. Bad Debt

By: The Virani

Good Debt Vs. Bad Debt

Tags: GOOD DEBT, BAD DEBT, CREDIT, MORTGAGE DEBT, INTEREST RATES, INVESTMENT, EQUITY

e've been conditioned to think of all debt as "bad debt," but can there ever be such a thing as "good debt"? The latest data from the Bank of Canada shows that the level of debt in Canadian households rose by its fastest pace since 2012. In fact, total outstanding credit rose to $1.869 trillion in August 2015, a five percent hike over August 2014 and the highest year-over-...Read More

Flipping About The Market?

By: The Virani

Flipping About The Market?

Tags: INVESTING, FLIPPING, RENOVATING, FACTORS

Are you looking to invest in property? Some shows about home renovating make it look fairly simple to buy a rundown house, fix it up and "flip" it for tens of thousands of dollars more. But before you begin to entertain the idea of rolling up your sleeves to make a quick buck on the market, make sure to not only investigate the property thoroughly, but also the area it's in and the c...Read More

Homeowner's Weigh In On Affordability

By: The Virani

Homeowner's Weigh In On Affordability

Tags: HOUSING AFFORDABILITY, SPRING MARKET, INCREASE, DECREASE, STAY THE SAME

A 2015 national survey revealed more than a third of Canadian homeowners felt that housing in their area was unaffordable*. Of course, it's important to recognize that housing affordability varies widely by region. Homeowners in the Atlantic Provinces were most likely, at 83 percent, to feel housing was affordable, while those in British Columbia were the least likely, at 39 percent. Looking ...Read More

Order Of Events - The

By: The Virani

Order Of Events - The "Buy First or Sell First" Predicament

Tags: BUY FIRST, SELL FIRST, BUY OR SELL FIRST, REAL ESTATE, HOMES, PROS, CONS

Buying and selling this spring? While there's no one-size-fits-all answer to the "buy first or sell first" predicament, there are pros and cons to each approach that everyone facing this decision should understand. Buying First Pros - You can search without pressure for the right property, rather than making compromises you're uncomfortable with because you need someplace to liv...Read More