March 2014

Found 2 blog entries for March 2014.

Getting a home inspection on a previously-owned property is a necessity and should not be viewed as only an option. Approximately 40% of the listings on the market have a defect that could be serious. In some cases these defects can be easily rectified and at other times a substantial investment will be required to fix them up.

Just think of what you would do if you were going to buy a used car from somebody on Kijiji. You would get a mechanic to check it out thoroughly before handing over any money. If not, any problems that come up will be yours to deal with. The same goes for a house.

A home inspection puts you in the driver's seat so that you have control over your purchase. You'll know exactly what you're getting into from the get-go. An

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When it's time to buy your new house, there are 2 different types of mortgages to take a look at: adjustable rate and a fixed-rate mortgages. If it's your first time buying a home, you'll want to know the difference between the 2 kinds of mortgages so that you can have a general understanding of what they are before the mortgage broker attempts to explain them to you.

Adjustable rate mortgages

This often seems like the most attractive mortgage due to its lower interest rate. At the beginning of the mortgage term you'll be offered an interest rate that is lower than the one you'd find with a fixed-rate mortgage. The problem is that the rate of interest won’t be locked in and later on the monthly payments can go up if the interest rate rises. In some

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