Premium Reduction for First Time Homebuyers with a 5% Down Payment
Mortgage Fraud could claim YOUR HOME
FACT SHEET FOR HOME BUYERS: CMHC Purchase Plus Improvements
CMHC announced its second homeowner mortgage insurance premium reduction in two years. All Canadians buying a home with 5% down will save an additional 15% for a total of 30% reduction over the past two yea
According to the Canadian Institute of Mortgage Brokers and Lenders, mortgage fraud is costing the industry $300 million a year.
Canada Mortgage and Housing Corporation (CMHC) insured mortgage loans are available to cover the purchase price of a home as well as an amount to pay for immediate major renovations or other improvements that the purchaser may wish to make to the property.
DO NOT PURCHASE THE FOLLOWING IF YOU ARE PLANNING TO BUY A HOME
CMHC is fully waiving its mortgage insurance premiums
RENTING VS. BUYING, WHICH IS BETTER?
Don’t Move Money Around
When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs.
for rental projects that serve those in greatest need.
Read on to find out more...
One thing is for sure; we all know that we need a roof over our head.
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list. Where we have provided choices, fill out in the space and check the box of the one that best describes each home. If you do not know the answers to any question, then make sure to ask your Real Estate Sales Representative.
Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. Experienced sales people know that you only have one shot at impressing potential buyers, so take some time to prepare your home for showings. You will be rewarded with a faster sale and a higher offer.
