Mortgage Basics Tips - page 2

  Are you on the fence about getting a mortgage from a bank or broker? Well, we should inform you that they each have their perks and drawbacks, and you should choose one based on your circumstances. The guidelines here will rid you of the mortgage broker vs bank dilemma. Let’s find out which one best serves your interests. Understanding the Difference: Bank vs Mortgage Broker The big difference between a mortgage broker and a bank is that the mortgage broker kind of takes care of...

Buying a home is a life-changing experience, and it may seem far-fetched to have some keys in your pocket that open the doors to a place you can call home. This huge gap between you and your dream of owning a home can be filled with a mortgage application. But what are the stages of getting a mortgage? Let’s find out. There Are 7 Steps to Getting a Mortgage in Toronto: You can already imagine yourself in your new home by taking the following seven steps. Step one Assess Your Fina...

You're about to buy or sell a home, and you're probably wondering, "What is a home appraisal?"  This is a crucial part of the process, and it's essential to understand what it is and how it works. In today’s post, we’ll break down the basics so you can navigate the home-buying process with confidence. Let's dive in. What Is a Home Appraisal for a House? A home appraisal is an independent professional assessment of a property's market value. It's essentially a financial snapshot of your house,...

You've poured your heart and soul into your home, meticulously crafting it into your sanctuary. But when it comes time to sell, a dreaded word hangs in the air: appraisal. Factors that could negatively impact your home appraisal are a common concern, and what if the number doesn't reflect the love and sweat equity you've invested in? The truth is that a seemingly minor detail, an overlooked quirk, or even a well-intentioned upgrade can throw off an appraiser's calculations, leaving you with a d...