Purchasing a home is a detailed process involving multiple parties. Everyone is looking to protect their own interest, and there are multiple regulations in place to protect those involved. As one gets involved in the process, they will likely be exposed to real estate terminology like escrow, contingencies and title insurance. Borrowers will likely have to learn about loan to value and loan to income ratios, prepayment penalties and points.
One aspect of acquiring a home mortgage that can affect your payments for years is lender's mortgage insurance. What is lender's mortgage insurance, who does it protect, is it necessary and can borrowers impact what it costs? Here's a quick guide to lender's mortgage insurance.
CONVENIENTLY LOCATED This Beautiful 2Bed/2 Bath Condo with brick fireplace in this well kept building.
With only 18 units in the complex, is centrally located close to Downtown, Beacon Hill Park, Dallas Rd and the shops of Cook St. Village.
Common laundry, storage locker, many newer updates including elevator modernization 2015, parking structure 2011, building envelope & windows 2010, roof 2007, hot water tanks & fire alarm system 2008.
Easy to view and immediate possession possible. A must see!
Find Out More About 204 - 1170 Rockland Ave
Talk to our team to learn more about this Beautiful 2Bed/2 Bath Condo with brick fireplace in this well-kept…
The trend to a balanced market continued through August with a further decline in sales to just 594 properties sold in the Victoria Real Estate Board in August, a decrease of 8.8% from the 651 sold in July and 19.3% fewer than the 736 sold in August of 2017.
The overall supply of active listings increased to 2,519 at the end of August, 31.4% higher than the 1,917 available at the same time last year.
There are significant differences among various price ranges, property types and neighbourhoods with continued limited selection below $750,000, 30% fewer available than this time last year and increasing availability above $1,500,000 where selection has more than doubled.
The VREB Home Price Index indicates that benchmark values of
Owning a Westshore home comes with a lot of joy, but also a lot of responsibility. One of the most responsible things a homeowner can do is protect their investment, and a home warranty is part of the way to do that. These warranties cover some of the issues and items that home insurance policies typically do not protect against, which can help a homeowner reduce their financial burden when something goes wrong. While these kinds of warranties will not cover everything that could be a problem for a homeowner, they are still good ways to have a higher level of peace of mind when owning a home.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Enjoy Breathtaking Ocean Views from this nearly 10 acres dream home site, pristine land backing on to Matheson Lake and Roche Cove Regional parks with breath taking views of the Sooke harbor.
Just a short drive to East Sooke park and Sooke Potholes Provincial park you’ll love coming home to your new private oasis in the middle of one of the most picturesque places on Earth.
Septic field has been installed and water well has been drilled and flow tested, all that's left is to build your new private dream home and enjoy the beauty this piece of land has to offer.
Find Out More About 5330 La Bonne Rd
Talk to our team to learn more about this Bare land in…
Some Canadians dream of owning a vacation home or buying a vacation condo. They can be used as a consistent location for family gatherings or to get away from the stresses of the world. Buying a vacation home may be easier than first imagined, when current homeowners understand eligibility requirements and general expectations. How easy is it to qualify for a home mortgage loan for a vacation home in Canada?
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Understanding Income Requirements
First off, sufficient personal income is needed to buy a vacation home or second Westshore home. Some who buy a vacation home are carrying two mortgages, making it