Our mortgage specialists make the entire process simple. The Canada Mortgage and Housing Corporation (CMHC) insures the lender in case you default on your loan. You must pay for this insurance premium which is usually tacked on top of your loan.
Real estate teams frequently experience difficulty and high turnover with buyer’s agents. It is also essential that a buyer’s agent’s compensation be in alignment with leads and support provided by the team. The real estate team’s organizational structure should also allow the buyer’s agent a path for.
Home Buyer’s Guide. Top 10 Things First-Time Home Buyers Need to Know. Was This Helpful? Manage Your Mortgage.
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3 Foreign-buyers tax. 4 real estate services act. 5 Housing Priority Initiatives special account. government figures showed that foreigners, mainly Chinese, have purchased $1 billion worth of real estate in British Columbia during a five-week period in 2016.
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Mortgage rates are dropping to fresh lows. July could provide some of the lowest rates seen in over 2 years. Many mortgage shoppers don’t realize there are many different types of mortgage rates. But this knowledge can help home buyers and refinancing households find the best value for their situation.
Every real estate exit strategy requires an investor to procure a subject property (or contract) with the prospect of selling it. Building a buyers list can help you sell a property faster and is ultimately conducive to the bottom line. Therefore, building a buyers list should be a priority for any serious.
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Mortgage insurance by MGIC – whether borrower paid or lender paid – helps you serve your customers by making homeownership more affordable for them.
Legally, however, a mortgage cannot be used to cover the entire cost of your home. To secure the home that you want, you’ll also need to give its seller a down payment – a large chunk of money that a buyer provides upfront – on top of your mortgage funds.
The GST Council has reduced the GST rates for under-construction flats and affordable housing to five per cent and one per cent, respectively and also increased the carpet area of As for the buyers, this announcement will not really impact them much because they will continue to expect lower GST rates.