Home Buying Tips

• Most Common Mortgage Mistakes And How To Avoid Them
  The Canadian Institute of Mortgage Brokers and Lenders conducted the annual survey with sponsorship from the federal government’s housing arm. Continue article...
• Home seller credit could save real estate deal
  No one likes to give money away, but a monetary credit from the seller to the buyer can solve a problem that might otherwise derail a home-sale transaction. Here's a typical scenario where a seller credit could save the deal. Continue article...
• 10 Benefits Of Buying At The End Of The Year
  In addition to low interest rates, there are other benefits to buying at the end of the year, including: Continue article...
• Checklist for fall home projects
  Well, you can't deny it any longer – fall is in the air. Continue article...
• How would a truly flexible mortgage work?
  Lat week I had little good to say about Fannie Mae's new Payment Power Program (PPP), which allows a borrower to skip up to two mortgage payments in any 12-month period, and up to 10 over the life of a loan. A skipped payment results in an additional loan, equal to the payment plus a healthy access fee, tacked on to the balance. As an emergency source of funds, it is much more costly than accessing a home-equity line of credit (HELOC). Continue article...
• What are the benefits of piggyback financing?
  When a buyer puts 10 percent or less cash down, most lenders require mortgage insurance, known as PMI, which is paid for by the buyer. The cost of PMI is about 1/2 percent of the loan amount annually. So, on a $250,000 mortgage, PMI will run about $1,250 per year. Continue article...