Category: Buying a Home (41 posts)
5 Tips for a Smooth Move!
July 20, 2020 | Posted by: Sherry Corbitt
Moving can be stressful. Here are some tips and tricks to make it smoother. By Ryan Tuckett Buying a new place can be stressful and tedious. On top of that is the added pressure of packing and movin ... [read more]
The Buddy Mortgage - What You Need To Know
February 14, 2020 | Posted by: Sherry Corbitt
The Buddy Mortgage – When does it make sense to purchase a home with a friend or family member? In today’s hot real estate market, it can be hard to purchase your first home due to afford ... [read more]
What is the difference between Alternative Lenders vs Private Lenders?
February 10, 2020 | Posted by: Sherry Corbitt
If you are being offered a mortgage and the term Alternative lender is being said, what does that mean? In the mortgage industry we commonly break a mortgage into three levels which is dependent on cr ... [read more]
Mortgage Loan Insurance Premium? Home Insurance? Life Insurance vs Mortgage Protection Insurance?
January 31, 2020 | Posted by: Sherry Corbitt
I’m confused…which one do I need? When purchasing a home there is 4 types of insurances that need to be addressed so let’s review each one so you are prepared. 1) ... [read more]
First-Time Home Buyer Incentive Summary
January 29, 2020 | Posted by: Sherry Corbitt
Are you a first time home buyer looking to purchase soon and want to hear the details on the FTHBI program? Well here is the good and the bad arguments of the program so you can decide for yourself if ... [read more]
What is a Flex Down Mortgage and How Does It Work?
January 20, 2020 | Posted by: Sherry Corbitt
In typical mortgage rules, buyers must come up with their own down payment, whether it is from their savings or it is “gifted.” Gifted down payments are non-refundable, given to the buyer ... [read more]
Mortgage Documentation - Do you need to supply it?
April 29, 2019 | Posted by: Sherry Corbitt
Ever wonder why a mortgage lender needs so much paperwork? You may feel overwhelmed at the thought of having to provide so much personal paperwork, but it isn’t meant to frustrate you. Lenders u ... [read more]
Moving Tips That Will Make Your Life So Much Easier
March 27, 2019 | Posted by: Sherry Corbitt
Annie Abbey, Lifestyle Blogger When it comes to moving, you can say that I have done it a bit too much for my age and I have done it many different ways. I have moved from Santa Cruz to ... [read more]
First Time Buyer Plan: Canadian Home Buying
March 26, 2019 | Posted by: Sherry Corbitt
Navigating the world of Canadian home buying. Step 1: Figure out how much you can afford. Falling in love with a house you can’t afford can be heartbreaking. Avoid disappointment by ... [read more]
10 Mistakes First-Time Homebuyers Make in Whitby and Durham, ON
March 26, 2019 | Posted by: Sherry Corbitt
Buying your first house in Whitby and Durham, ON can be an exciting and stressful time. There are so many things to consider that you can find yourself getting overwhelmed. Here are some common mistak ... [read more]
First Time Buyers Week: Part 1
March 14, 2019 | Posted by: Sherry Corbitt
As a first time buyer having a road map of what each step is along the home buying process can make the whole experience less stressful. This week there will be articles posted about financing, budg ... [read more]
First Time Buyers Week : Part 4
March 14, 2019 | Posted by: Sherry Corbitt
Let’s talk money: Down payment and Closing costs. The minimum down payment needed is 5% but you will also need to have enough money aside for closing costs too. The closing costs are typicall ... [read more]
First Time Buyers Week: Free E-Book
March 14, 2019 | Posted by: Sherry Corbitt
Enjoy this free e-book Please click here! ... [read more]
First Time Buyers Week: Part 2
March 14, 2019 | Posted by: Sherry Corbitt
So now that we have reviewed your financing and know what your pre-approved amount is to buy…let’s meet your team that will get you do the day of closing and keys in your hand! ... [read more]
CMHC Housing Statistics and Data
March 14, 2019 | Posted by: Sherry Corbitt
CMHC annual reports and monthly updates contain current and historical data on housing in Canada — new construction, new home prices and sales, rental statistics and the demographics o ... [read more]
First Time Buyers Week: Part 3
March 14, 2019 | Posted by: Sherry Corbitt
Financing in place: check! Have team members: check! Found the perfect home and placed an offer that was accepted: check! What’s next? SHOW ME THE PAPERWORK! Now it is the paperwork ti ... [read more]
What’s a monoline lender and how is it different from a bank?
June 14, 2018 | Posted by: Sherry Corbitt
Having choice isn’t overwhelming, it’s empowering. What’s a monoline lender and how is it different from a bank? I’m often asked about monoline lenders - who are they, ... [read more]
Canada housing agency concerned by unregulated lenders' growth
November 6, 2017 | Posted by: Sherry Corbitt
Seriously?! What did they think would happen? It baffles me that these new rules are coming into effect January 1st and NOW they think about what that will mean for the unregulated lenders? (Als ... [read more]
5 Things First Time Whitby and Durham Home Buyers Should Do Before They Go Shopping
July 19, 2017 | Posted by: Sherry Corbitt
Shopping for your first Whitby or Durham home is exciting, and it is only natural to want to get right to it. The idea of trading in that monthly rent check for a mortgage payment that builds equity a ... [read more]
4 Things You Need To Know When Buying A Vacation Home in Whitby and Durham, ON
June 21, 2017 | Posted by: Sherry Corbitt
Everyone looks forward to a vacation, and many people return to their favorite spot each year. If you really enjoy your annual destination, you might be ready to invest in a vacation home in Whitby an ... [read more]
'Conditional on financing': the most important part of your offer
June 2, 2017 | Posted by: Sherry Corbitt
When you find the condo or house of your dreams and want to make an offer, do you need a financing condition? Unless you can pay cash for the home, then yes you do. That little phrase – ... [read more]
Considering buying your first home in Durham?
May 26, 2017 | Posted by: Sherry Corbitt
Considering buying your first home in Durham? You most likely have questions about down payment, what you can afford, who the professionals on your team are, how to get the best mortgage for your need ... [read more]
Bridge Financing - What You Need to Know
May 12, 2017 | Posted by: Sherry Corbitt
Do you know what Bridge financing is? Have a home to sell and buying another home? A bridge loan is a short-term financing tool that helps you “bridge” the gap between old and new mortga ... [read more]
First Time Buyers and their Mortgages Needs
April 14, 2017 | Posted by: Sherry Corbitt
Buying your first home in Whitby, Ontario means you need to understand your mortgage needs. With the hot Spring market in Durham Region comes wedding season! Many young couples have had their hopes ... [read more]
Three Ways to Get on the Property Ladder in Whitby
March 27, 2017 | Posted by: Roar Solutions
Property investment is more challenging than ever due to a buoyant housing market in Whitby, Ontario and the rising cost of living. Many people are concerned they'll never be in a position to buy a pr ... [read more]
Tax relief for first-time buyers
February 24, 2017 | Posted by: Sherry Corbitt
Written by Justin da Rosa. One market has reduced land transfer taxes for first-time homebuyers. It’s been a whirlwind few months for real estate in British Columbia, but the latest news ... [read more]
Mortgage rule changes heighten need for brokers
December 14, 2016 | Posted by: Sherry Corbitt
In light of the federal government’s recent changes to mortgage insurance and qualifications, it is now more important than ever for Canadian homebuyers to use the services of a mortgage broker ... [read more]
10 Tips To Stop Your House Being Robbed - By Ex-Burglars
November 10, 2016 | Posted by: Sherry Corbitt
Many of the ‘clever tricks’ home owners rely on to keep burglars out - such as leaving lights on at night - simply don’t work. That’s according to people who really know - ex- ... [read more]
Which renovations go right to your bottom line?
November 3, 2016 | Posted by: Sherry Corbitt
Whether you are looking to buy a fixer upper or renovate your existing home to improve the quality of life for you and your family, it’s worthwhile to understand which home renovations can hel ... [read more]
A look at the closing date for the buyers lawyer
September 21, 2016 | Posted by: Sherry Corbitt
Dylan Nose, September 06, 2016 Purchasers always ask us if they can have the keys to their new property early in the morning on the closing date. It is an understandable request; the purchasers want ... [read more]
Millennials take note: how to enter the housing market
July 26, 2016 | Posted by: Sherry Corbitt
Rob Carrick The Globe and Mail, Jul. 06, 2016 If housing stays hot, we’re going to have to start counselling our young people to help them deal with the disappointment of not being able to ... [read more]
Home inspections drop drastically in no-subjects market, leaving buyers with horror stories
July 13, 2016 | Posted by: Sherry Corbitt
Joanne Lee-Young, Postmedia News | July 6, 2016 Home inspector Vince Burnett has been in the industry for 17 years and thrived in other red-hot real estate markets. He should be run off his feet ... [read more]
Does No Down Payment mortgages still exist?
July 7, 2016 | Posted by: Sherry Corbitt
Does “No Down Payment” mortgages still exist? YES! Have you been curious as to how the no down payment mortgages work when you don’t have the savings but want to get into a home? He ... [read more]
5 Big Mistakes Homebuyers Make in a Sellers Market
June 22, 2016 | Posted by: Sherry Corbitt
Posted on June 15, 2016 by melanie The one thing that most would be home buyers do understand is that the real estate markets and climates fluctuate and can do so rather often. And whi ... [read more]
Looking to buy a home? Ways to save for the down payment
June 15, 2016 | Posted by: Sherry Corbitt
By Heather Loney March 3, 2015 Global News You’ve decided to get into the housing market, scouted out neighbourhoods, maybe even attended a few open houses – but now rea ... [read more]
Your big-reno team should include your mortgage lender
June 9, 2016 | Posted by: Sherry Corbitt
GUY DIXON The Globe and Mail, May 25, 2016 The tastes of financial lenders: They’re the last thing on the mind of home renovators, but they should maybe be the first. No, banks and other lende ... [read more]
CMHC calls out nine real estate markets for growing signs of overvaluation
May 11, 2016 | Posted by: Sherry Corbitt
Garry Marr | April 27, 2016 The Crown corporation which monitors the housing market in the country is coming around to the view that there may be some overvaluation and overbuilding in some Cana ... [read more]
Buyer beware: Things to keep in mind when choosing a home inspector
April 24, 2016 | Posted by: Sherry Corbitt
The Canadian Press – Mon, 4 Apr, 2016 TORONTO - Today, in all but two Canadian provinces, virtually anyone can call themselves a home inspector — regardless of whether or not th ... [read more]
Bigger down payment needed for homes over $500,000.
December 24, 2015 | Posted by: Sherry Corbitt
On Dec 10th the Finance Minister announced that any home purchases over $500,000 will now need 10% as a down payment instead of just 5%. The extra down payment is only needed for the portion that is O ... [read more]
Home Buyer's Program: What do you need to know about it?
April 23, 2015 | Posted by: Sherry Corbitt
Are you a first time buyer thinking about buying this year? Do you have your down payment set aside and are just waiting to take that big step? You may have a very limited opportunity that i ... [read more]
5 Things That May Not Be Included In Your Home Purchase
April 8, 2015 | Posted by: Sherry Corbitt
When you find the house you love and want to purchase, if there is something you want included in the purchase, tell your agent. Be prepared to pay an additional amount for anything the seller did not ... [read more]
