Niagara Real Estate Blog

First time home buyers and the pre-approval process

Posted by Terence Davids on Aug 25, 2016 4:57:06 PM

First time home buyers always ahve to go through a high level of uncertainty. Fortunately for you, there’s the Internet which provides unlimited information and answers your questions with various sources such as blogs like this one. Buying a home is one of the biggest decisions you’ll make in your life and with that being said, there’s many potential ways you can trip up. Shopping for your mortgage is a tedious process, but before you begin, be sure to check your credit report and to take stock of your financial situation. Once those steps are taken, it’s time to go through the pre-approval process! But what is the pre-approval process?

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Topics: Mortgages

First time home buyer? Find a realtor and use these tips

Posted by Terence Davids on Aug 3, 2016 3:40:37 PM

Buyer’s remorse is all too common when it comes to first-time home purchases. The process of buying your first home should be well thought out as it tends to be one that is exciting, exhausting, and scary. Obviously, your goal is to find a home you love at an affordable price, but if you don’t carefully analyze the broader issues such as location, amenities, reading the market, buying new, renovated or unrenovated, etc. you may find it hard to fully appreciate your purchase as time goes on. Here are a few things to consider when making one of the biggest purchases of your life.

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Topics: Mortgages

How To Use Your RRSPs As A Down Payment

Posted by Terence Davids on Nov 18, 2015 9:05:00 AM

Using RRSPs as a down payment

Do you ever picture yourself on a nice sunny day, sipping a drink while you relax on a deck in the backyard of your very own home?  Or perhaps your thing is checking out paint colours and flooring options at the Home Depot on a Sunday afternoon.

Either way, the reality of having your very own home where you can choose paint colours, flooring types and make landscaping decisions may not be as far off as you think.

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Topics: Buying A Home, Mortgages, Down Payment

Bridge Financing and Loans Explained

Posted by Terence Davids on Sep 23, 2015 12:10:00 PM

bridge_loans_smallIn a past article I wrote about 5 Things To Know When Selling Your Current Home To Buy A New One (long title, I know!). In that article, one of the key items touched on was Bridge Financing.

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Topics: Selling A Home, Buying A Home, Mortgages

Battle Of The Lenders: Mortgage Broker vs. Bank

Posted by Terence Davids on May 28, 2015 2:00:33 PM

Estimated reading time: 4 minutes

 

Finding the right mortgage means doing your homework and a part of that homework includes researching and then ultimately deciding on a type of lender.

This thought begs the question: should you use a mortgage broker or the bank to secure your mortgage?

If you are like 71% of Canadians, your search to answer that question, begins by consulting your bank. The bank can be your first stop, but it definitely shouldn’t be your only. Consulting with lenders in both the banking and mortgage broker industries, is the only way to truly find the best rate.

Which option is best? Well, there are distinct advantages and disadvantages to both.  In an effort to help you make the right decision, we compared the benefits of a mortgage broker vs. bank.


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Topics: Buying A Home, Mortgages