Experts Questions and Answers

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Jun 21 2010

Sorry, I do not know the answer to this, however, I believe the school boards have a web site which allows you to do a search by address, to determine what school area you are in.  Try googling the Simcoe County Catholic School Board to find the site!  Good luck! [ read more ]

Jun 8 2010

What is included in an Inspection?

Posted by Mike petik to Peter Frueh Views (7632)

Mike: A home inspection is a visual examination of the structure and function of the home and major appliances. The time taken depends on the size of the home. We encourage you to attend, and we show you any problems or issues and discuss maintenance items. If you have specific questions, you can... [ read more ]

May 11 2010

Actually, you are correct, in that Ont. Reg 48/01 does stipulate in section 18(2) that a status certificate cost shall not exceed $100.00, inclusive of all applicable taxes.  However, in my experience, most condo corps have been charging $100 plus GST.  With the advent of the HST, I can... [ read more ]

Mar 27 2010

Thanks for asking!  Our fee for a purchase with one mortgage  is $900.00 plus GST.  Then there are "disbursements" on top of that - these are out-of-pocket expenses incurred by us in order to complete your purchase (like registration fees, title insurance fees,... [ read more ]

Mar 25 2010

Their are 3 main down payment solutions, that can assist you in providing anywhere from a 0%-5% down payment to buy a home. I look forward to reviewing these options with you. [ read more ]

Mar 24 2010

Hi, If you own an existing home with equity, your best choice could be to refinance your house and pay cash for the land. It may be also possible to get a bank to lend you 80% of the value on a line of credit being $120,000 on $150,000 Your other option would be a private mortgage of maybe... [ read more ]

Mar 17 2010

Yes it is possible to use your line of credit for down payment.  However depending on the amount of down payment and your income, we will need to review your mortgage approval with you owning both homes. [ read more ]

Mar 5 2010

Frances, I have looked at 5 options for you. It does not appear that you could choose a mortgage term with our current rates, that would end up costing you less then your blended 4.84% mortgage. I looked at options using 3.29% for 3 years, and 3.69% for 5 years. If anyone tells you otherwise, I... [ read more ]

Mar 1 2010

I have advised and helped other clients in Barrie, who work in the North American film sector, with obtaining a preferred mortgage offer. I would be happy to get you an approval based on your self employed income. If you could aim for a 20% down payment, we could likely get you an excellent... [ read more ]

Feb 16 2010

Sorry this has taken me so long - I was away on vacation last week!  You may have already proceeded, but yes, it is typical to make an offer conditional upon solicitor's approval - I can usually review and comment on an offer within 1 business day but it's nice to have 2 just in case. ... [ read more ]

Dec 20 2009

Hi! It is a good idea to have your lawyer review your offer. There is usually not an additional cost to this, if you are using the lawyer for the transaction, unless he/she is required to get involved with negotiations or major changes to the Agreement. Usually, this is not the case, as the agent... [ read more ]

Nov 26 2009

Reason #1 Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured mortgages, however, you're charged an... [ read more ]

Nov 20 2009

Reason #1 Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate. For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured mortgages, however, you're charged an... [ read more ]

Sep 30 2009

If there is ‘one’ thing that causes problems that can delay the closing of your house it’s verification of the Down Payment. Here’s why: To meet the Requirements of CMHC or GE, On or before the issuance of a lending commitment you will be asked to provide... [ read more ]


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