RIS Media

DECEMBER 19, 2020

Pre-qualifying for a mortgage is often the first step toward owning a home. Here’s some information that can help you to figure out how and when to apply for a loan this year: Pay Attention to Falling Rates. Another good way to figure out how to apply for a loan is to look at the types of loans that are out there.

Loans 104

Loans Pre-approval Pre-qualification VA loan 104

The Close

AUGUST 22, 2023

But when you look at these July 2023 housing market numbers in a broader context of year-over-year data, you can see the true impact of high interest rates and low inventory. Depending on where you get your news, the market is either on the brink of crashing; crashing next week, next quarter, or at 2 p.m. Existing sales slipped 2.2%

Purchase and sale agreement 94

Purchase and sale agreement Sales Agents As-is 94

Realty Biz

APRIL 11, 2022

If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Both of us want to buy our first house and over a few cold beers, we got to talking about what we need to do to make it happen. Now I think that I can get to my question.

Mortgages 88

Mortgages Fixed-rate mortgage Loans FHA loan 88

Toronto Realty Blog

JULY 12, 2021

” No, but I’m not afraid to point out that only about 10% of drivers on the 401 are going less than 100 KM/H and yet that is the posted speed limit. . TorontoRealtyBlog. Don’t worry, I’m not going to start this blog with lyrics from “Changes” by David Bowie. I just like saying “ch-ch-ch-changes.”

Banks 111

Banks Lending Mortgages Loans 111

Redfin

APRIL 28, 2023

Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. However, locking in your mortgage rate does come with some risk.

Mortgages 68

Mortgages Pre-approval Loans Closing 68

Toronto Realty Blog

NOVEMBER 20, 2023

TorontoRealtyBlog I’ll be honest: I wasn’t sure how to begin today’s blog post. ” Okay, but we talk about this all the time. ” Affordable how? Ah, but how much profit? What about 15%? What about 20%? What about 300%? It’s nothing new.

Development 75

Development Construction Land Industrial 75

Realty Biz

OCTOBER 5, 2022

You want to have a checklist that thoroughly goes through all contingencies to build your confidence that the deal will perform as you anticipate it will. Borrowing money to purchase and improve a property is a good strategy. Also, it costs money to borrow money. It will eat into your profit. Just don't overdo it.

Due diligence 95

Due diligence Inspection Investor Residential 95

Toronto Realty Blog

DECEMBER 4, 2023

But then last week, I saw this article in the Toronto Star: “Investors Now Own More Than 50% Of Toronto’s New Condos – And Experts Say They’re Driving Up Housing Prices For Everyone” The Toronto Star December 2nd, 2023 (sigh) I couldn’t leave this topic unexplored. What fun would that be? Yes, blame.

Investor 68

Investor Construction Equity Finance 68

McKissock

JULY 20, 2021

No matter how you may have answered this question in your mind, let’s explore some of the issues around appraisal inspection vs. home inspection. Brush up on the basics with our highly-rated course, Residential Property Inspection for Appraisers —perfect for new and experienced appraisers. Are you a home inspector?

Inspection 105

Inspection Residential Construction Development 105

The Close

AUGUST 18, 2022

And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more. your name]. your website].

Purchase and sale agreement 98

Purchase and sale agreement Title Closing Short sale 98

The Close

APRIL 28, 2022

While losing a deal to a cash offer might not hurt as much as getting punched by Mike Tyson, it’s still frustrating for your buyers, and more work for you. We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have.

Rent back 105

Rent back Closing costs Finance Agents 105

Toronto Realty Blog

JANUARY 17, 2022

Today, I want to talk about an inevitability that finally happened. You might have read this article in the Financial Post last week: “CMHC To Review Down Payments On Investment Properties As Part Of Federal Strategy To Tackle Housing Risks” Right? Fair enough? Or hardly fair at all?

Development 81

Development Banks Investor Finance 81

Toronto Realty Blog

MAY 14, 2021

Real estate auctions, bidding wars, letters to sellers, “blind bidding,” the mortgage stress test, and interest rates are just a few of the topics that have been explored over and over. With respect to the author, the newspaper, and the individuals profiled in the article, this is nothing new. Welcome to 2009.

Mortgages 52

Mortgages Marketing Banks Land 52

Realty Biz

NOVEMBER 6, 2020

Borrowing money to purchase and improve a property is a good strategy. Borrowing money to purchase and improve a property is a good strategy. Also, it costs money to borrow money. It will eat into your profit. Today’s low-interest rates are tempting but do the math first. Don’t over-leverage the property.

Due diligence 64

Due diligence Purchase and sale agreement Inspection Investor 64

Point2Homes

NOVEMBER 22, 2020

The national average down payment is about $62,000, but 40% of Millennials expect it to be less than $10,000. The average savings rate in the last decade was 8%. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S. And not just any home.

Finance 96

Finance Loans As-is Marketing 96

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

Toronto Realty Blog

JANUARY 6, 2022

Seriously, did you notice over Christmas that when your Smart TV boots up and shows you Netflix, Amazon, and Youtube, among others, there’s a special section for the “yule log? It’s your mind and body not being in synch, right? We did this after Labour Day, right? To start the fall market? Well, what can I say?

Fixed-rate mortgage 99

Fixed-rate mortgage Banks Mortgages As-is 99

Toronto Realty Blog

MAY 26, 2022

The recent drop in Toronto home prices is solely due to the increase in interest rates. Now, I’m sure you want to hear about on of the 3/10, just for fun, right? But how out to lunch? How does that make any sense? Yay or nay? “Denial ain’t just a river in Egypt,” a smart woman once said.

Fixed-rate mortgage 92

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 92

Toronto Realty Blog

MAY 31, 2023

The hockey bro just talked about putting a pool table in the dining room. On a 30-year amortization and with a 4.29% interest rate, the monthly payment would be $1,771.44. Mortgage + Maintenance + Taxes = $2,370.14 per month mortgage fee there’s principal and there’s interest. Probably not.

Fixed-rate mortgage 14

Fixed-rate mortgage Principal Investor Mortgages 14

Toronto Realty Blog

NOVEMBER 27, 2023

TorontoRealtyBlog I’ve been hearing about “the market crash” since before I even started to sell real estate back in 2004, but if there’s been one consistent theme throughout my two decades in the industry, it’s that people have a fixation with this idea of a major collapse. It was almost $1,200,000 last year.

Title 69

Title Debt-to-income ratio Banks Mortgages 69

Toronto Realty Blog

DECEMBER 14, 2022

Since we are talking about Toronto real estate here, we’re going to see some overlap in the top stories. Plus, it was a TRB first; I used “ampersand” in a sentence… How can the rental market not be a top-five story, every single year, in perpetuity? The same-old, same-old can often bore you to sleep.

Development 81

Development Purchase and sale agreement As-is Marketing 81

Toronto Realty Blog

SEPTEMBER 7, 2023

Now, let’s run through our next six questions, keeping in mind that some of these are worth a multi-part blog series, but we need to address them in an expedient manner… 5) Will we actually see the fallout from increasing interest rates? Guess which article came through my news feed for a second time last week? True story.

Marketing 80

Marketing Land Development Banks 80

HomeLight

JUNE 9, 2023

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. If a buyer asked you to front them the money to buy your house from you, you’d think they were crazy.

Finance 83

Finance Earnest money deposit Lending Loans 83

HomeLight

NOVEMBER 17, 2021

A little help can go a long way when it comes to buying your first home. Applying for a mortgage and saving up for a down payment can feel intimidating at best, impossible at worst. As a first step, I always put new buyers in touch with my mortgage professional, who can provide those answers.”.

FHA loan 90

FHA loan Mortgages Loans Debt-to-income ratio 90

Notorious ROB

JULY 14, 2022

I spent the last month or so trying to understand the view that higher interest rates, leading to higher mortgage rates, will tame the crazy housing market. Macroeconomics being what it is — at times, I feel like it’s a mystery wrapped in voodoo — I think I need help understanding exactly how this will work.

Marketing 77

Marketing Investor Mortgages Construction 77

Notorious ROB

JUNE 12, 2022

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. On a Black Horse: Recession. Revelation 6:5–6 NASB.

Investor 86

Investor Banks Bankruptcy Equity 86

The Residential Specialist

AUGUST 31, 2023

Medford says that in those conditions, “you’ve got a lot of sellers out there who are desperate to sell and willing to negotiate, so get your existing home in escrow first because that’s going to be the hardest thing to do.” He says that the ideal position for a client is to have the cash to buy the new home outright.

Earnest money deposit 98

Earnest money deposit Debt-to-income ratio New Construction Equity 98

Realty Biz

OCTOBER 27, 2022

Personal loans, home equity: the financial advisors at AdvanceSOS share everything about home improvement loans in this comprehensive guide. Home renovations are a big deal: whether you are making massive changes or modifying your home just a bit, you are sure to spend quite a lot of money on them. That is why we are here!

Loans 86

Loans Equity Renovation Loan Officer 86

The Close

SEPTEMBER 1, 2020

We’ve put together a step-by-step guide that will take you from getting your real estate license all the way to the closing table. If you’re looking to get started right away, the first step is getting your real estate license, and for that, you’ll need a real estate school. Part-time Real Estate Agent Salary: How Much Can You Make?

Agents 124

Agents MLS Brokerage Branding 124

Realtor.com

FEBRUARY 25, 2021

You get to choose the ideal layout for your family’s needs, and have a say in each and every design element. To help you through it, we’ve created this Guide To Building Your Own Home. The fun part about building a custom home is that it can be whatever you want.”. Not sure how find a homebuilder?

Land 131

Land Construction Design Loans 131

Marco Santarelli

JUNE 25, 2021

In this article, we'll go over the 10 best strategies for investing in real estate without a lot of money or experience. You will gain some insight into how to begin investing in real estate without spending hundreds of thousands of dollars. Purchase Money Mortgage/Seller Financing. Image: Pixabay.

Purchase and sale agreement 133

Purchase and sale agreement Hard money loan Equity Investor 133

Toronto Realty Blog

JUNE 8, 2022

” I guess that just about sums it up! This past week, the Canadian Mortgage & Housing Corporation announced that it was placing a ceiling of 8% on any gain or profit on a property purchased through the “First Time Home Buyer Incentive Program,” but also an 8% cap on any losses. It was, at the time, ludicrous.

Equity 84

Equity Mortgages Design As-is 84

Realty Biz

AUGUST 28, 2021

Or maybe you’ve been in your home for more than a decade and are looking forward to becoming free and clear of the mortgage. What’s going on in your life? Discuss with friends, neighbors, and even realtors about their home renovation experiences. Go to some open houses in your neighborhood to see what others have done.

Renovation 99

Renovation Inspection Equity Construction 99

Redfin

MARCH 18, 2022

Shopping for and securing an affordable mortgage loan is no easy feat. Often, homebuyers jeopardize potential mortgage deals by rushing the process or neglecting essential steps along the way. And in the end, that means a higher mortgage rate than they can afford or, worse, no loan at all. That you get a great rate?

Mortgages 66

Mortgages Pre-approval Pre-qualification Loans 66

HomeLight

MARCH 23, 2023

If you need assistance navigating the legalities of selling your home before or after a divorce, HomeLight always encourages you to reach out to your own advisor. And, when that collaboration is essential to protecting your most valuable asset, it’s easy for emotional issues to override good business skills and decision making.

Purchase and sale agreement 95

Purchase and sale agreement Equity Sales Agents 95

HomeLight

DECEMBER 1, 2020

That leaves about a six year gap where you and your family contemplate a tough decision: Should we remodel, or move? It’s really all about what’s going to be best for them.”. Given the choice, about 76% of Americans in one survey said they’d rather make upgrades to their current home than move. “ Subtract 5.8%

Equity 75

Equity Renovation Principal Finance 75

HomeLight

MARCH 24, 2022

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. How to buy a house with cash without a Realtor. What does the homebuying process look like without one?

Inspection 94

Inspection MLS Purchase and sale agreement Title 94