Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

The Close

DECEMBER 29, 2022

Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. But, unlike a traditional ARM, a borrower has the option to switch to a fixed-rate mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Toronto Realty Blog

APRIL 16, 2021

At 2.29% for a 25-year amortization, on a 5-year fixed-rate mortgage, they would carry this for $2,100.36 They qualified based on a “stress-tested” rate of 4.79%, and just slid through, being able to make those payments of $2,734.60. Fast-track residential construction projects? End NIMBY’ism?

Pre-qualification 65

Pre-qualification Development As-is Marketing 65

Toronto Realty Blog

DECEMBER 14, 2022

October 19th, 2022, I wrote, “Should Tenants Be Pre Approved For Candidacy?” There’s no qualification to be a landlord. May 16th, 2022, I wrote, “How New Legislation Could Kill Condominium Construction” Only two days later, I followed up with a similar topic.

Development 81

Development Purchase and sale agreement As-is Marketing 81