Generally when we think of closing costs at the solicitor we think, ‘how much are they going to charge?’ to complete on my purchase and mortgage. Generally the costs of the solicitor runs up about $1,000 for their services, however, the final bill they give you can run up to almost double or more. As […]
New Home Buyers
2 main advantages of being a First Time Home Buyer!
Two main advantages for buying a home as a first time buyer. -Exemption from the Property Transfer Tax as long as the purchase is under $425,000. Anything from $450,000 or higher you must pay the full amount. Between $425,000 and $450,000. The amount payable on a new home purchase is 1% on the first $200,000 […]
Interest Penalties
Interest penalties between a big bank and a mortgage only lender. There is a huge difference as the calculations are much different. Remember, it’s not always about rate. That number you see is not the deciding factor. It should be what’s behind that rate and what commitment your broker will give you to manage your […]
Why it’s SO important to talk to a Mortgage Professional
In the last couple weeks I have begun to feel really bad for a couple of my trusted realtor partners. They have had clients whom have gone to their bank for financing and have been given the green light to go out shopping. Well, in these few cases all of them were unable to purchase. […]
BC First Time, New Home Buyers Bonus
BC First-Time New Home Buyers’ Bonus – a one-time payment worth up to $10,000 for BC residents who are first-time home buyers and who purchase an eligible new home.BC Resident – if you file a 2011 BC resident personal income tax return, or if you move to BC after Dec. 31, 2011, or you file […]