Homeowners in Canada who still owe a balance on their mortgage will be faced with making some decisions as renewal time nears. Mortgage holders have the choice of staying with their current lender or in seeking other, potentially money-saving opportunities elsewhere.
Current lenders will send out renewal slips to mortgage holders encouraging customers to take the simple route to renewal. While there are reasons this may end up being the best option, mortgage holders may be better served by exploring alternatives.
Here is your guide to the Canadian mortgage renewal process.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
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Buying a home is a large, long-term investment that deserves protection. Home insurance has many benefits and limitations, and can be somewhat difficult for people to understand. With the answers to these questions, buyers will have a better idea of what to expect when they go shopping for home insurance.
The rate of rainfall in Calgary is not as much as in other parts of Canada, but it is quite substantial. A rainy day can seem never-ending if one does not have the activities to occupy their time indoors. Many activities can be undertaken to make the day fun and worthwhile. One may have to travel, but the experience will be worth it. Some of the activities include:
There are so many things that need to be done when it comes to buying a home. One of them is getting the financing, another is having an inspection. But there's also the need for a survey. Homeowners want to make sure they really own all the property they believe they're buying. If there are discrepancies or problems, they should know about that before they complete their purchase. Then they can decide whether they want to go ahead with that purchase or whether they would prefer to look for a different home. Here's why a home survey matters so much.
Get a dog as a loyal companion or as an excuse to get daily exercise. Count on a noisy dog to give pause to vandals and pranksters, but protect a home in other ways as well. Security companies and serious burglars alike say that barking dogs might send a "stay away" message to nuisance visitors, but that determined criminals are not likely to be deterred solely by Fido or Fifi.
If buying a home seems like a faraway dream, it might be closer than you think. When you invest the time to consider the type of neighbourhood you need and what you can afford to pay, you may discover options to lower your housing costs overall. With this guide, you will understand the types of expenses you will pay to rent or buy, and receive tips to help you get into the real estate market.
It's official: today's housing market favors the prepared seller. While housing crises of years past created a substantial decrease in home sales for years, the return of consumer confidence has caused the housing market to rebound in remarkable ways.
There are a variety of reasons for homeowners to turn their homes barrier-free. Whether it's an elderly relative coming to stay or homeowners preparing themselves for the years ahead, making a home as accessible as possible is the only way to encourage an independent lifestyle for a higher quality of life.
A condition of purchase is a stipulation a buyer makes to a seller that must be met before finalizing the home sale. Some buyers submit their Offer to Purchase with no conditions, meaning they buy the property as-is, but this is generally only done when purchasing obvious fixer-uppers or if there's a particularly hot market where a buyer has to do so just to remain competitive. Most people have at least a few conditions that they present to a seller during the negotiation period, so buyers should understand how they work before they begin to structure an offer for their City Centre home.
