” As far as lenders are concerned, co-signers on a mortgage add financial security, since it means there are two people responsible for paying off any debts. For this reason, it can be difficult to remove a co-signer. But there are options.” ” Because your request to be removed as a co-signer on a mortgage
Interesting read and great advice from Mike Holmes on detecting Radon in your home and what questions you need to ask when buying a home. ”Radon can enter any house or apartment, becoming a problem when it seeps into a home through foundation or basement floor cracks and gets trapped in basements or crawl spaces.”
” Whether it’s for yourself or it’s an investment, here’s what you should know about the rules, requirements and financial implications of buying a second property.” ” If you’re already a homeowner, you’re likely familiar with many of the qualifying criteria, because many of the requirements for buying a second or third property are the
Your real estate agent will support you in preparing for a home inspection. Here are some steps that we go through with our clients to prepare your property with a pre-listing inspection. ”A pre-listing inspection helps take the guesswork out of the home buying process for many buyers by boosting confidence in the property. A
” Liberal Leader Dominique Anglade promised Thursday to abolish the welcome tax for first-time homebuyers to help them cope with the dramatic rise in house prices. ” The Liberal Party first presented the proposals on the welcome tax and Home Buyers’ Plan in April. The welcome tax — also known as land transfer duties —
”Posthaste: Variable-rate mortgages growing in popularity despite Bank of Canada rate hikes” ”Many are still interested in variable-rate mortgages even though the central bank continues to hike interest rates in an effort to quell inflation, according to a new report by Ratesdotca. ” ”Stress test could be motivating factor, report suggests” ”However, the Ratessdotca report
There are a few key things that owners should consider to decide if their investment is worthwhile ” Big real estate investors, such as developers, buy properties to hold for years, through many up and down cycles. “My views are that if you are going to invest you should be a long-term holder,” says developer
Food for thought when shopping for a mortgage in today’s market. ” Should you go with a variable-rate mortgage or opt for the old reliable five-year fixed rate? How can you make sure your payments are predictable while also paying down your principal? Are static payments a good idea?” ” A fixed-rate mortgage insulates homebuyers
”Canada’s housing agency has cut its national home price forecast for this year and next, saying that interest rates were rising faster than it anticipated – but the agency is not predicting a sharp correction because it said a housing shortage will support prices.” ”Although home prices have plummeted since the central bank started raising
TD economist outlines what the future holds ”That report indicated little prospect of an overall housing market meltdown, noting that home prices are likely to grow modestly after 2023’s first quarter with “some recovery” expected in national housing demand.” ”Indeed, far from a crash, what’s in store for Canada’s housing market is best described as
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