How Much is a Down Payment on a House?
Posted on Jun 10, 2020
What is a Down Payment?
A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home.
How is a Down Payment Calculated?
The minimum amount you’ll need for your down payment depends on the purchase pri...
Real Estate Terminology 101
Posted on Jun 03, 2020
From adjustable-rate mortgages to title insurance to amortization, it can be a bit overwhelming for first-time buyers or those who haven’t moved in a while. But don’t worry—we’ve...
The Short & Long Term Impact of COVID-19 on Toronto Real Estate
Posted on May 01, 2020
Here are some quick numbers from TREB; as...
New Mortgage Stress Test and the Impact it Will Have on Your Home Purchase
Posted on Nov 29, 2017
If you have been flirting with the idea of purchasing a new home in the near future, you have undoubtedly heard the words 'stress test.' Stress tests are already mandatory for mortgages in which the down payment is less than 20%, which was initially introduced earlier this year as part of the the Federal Government's attempt to cool the heated hous...
The Psychology Behind the Stage
Posted on Oct 11, 2017
How good does it feel walking through West Elm amongst a crowd of strangers, visualizing yourself sinking into one of their sofas at the end of a long day or pulling up a chair at a well-appointed dining room table? This in effect is what we set out to do when staging your home for buyers who will be seeing it for the first time.
I get it, you love...
10 Overlooked Costs When Buying a Home
Posted on Sep 18, 2017
In 2009, when my husband and I were buying our first home, we were fortunate enough to have a well seasoned advisor at our disposal. Without their direction and often rhetorical questioning, we could have easily overlooked some of the money gobbling factors listed below.
So in an effort to save you countless cups of coffee, sleepless nights and any...