When purchasing a home with a CMHC-insured mortgage, lenders must verify the source of your down payment to ensure the funds are legitimate, available, and comply with mortgage insurer requirements. What Documentation Is Typically Required? Most lenders will ask for: 90 days of bank statements showing the accumulation of the ...
Continue ReadingBuying a home is an exciting milestone, but there are several closing costs that buyers need to budget for. One of the largest is **Land Transfer Tax (LTT)**. Understanding how it works can help you avoid surprises on closing day. ## What Is Land Transfer Tax? Land Transfer Tax is ...
Continue ReadingGetting approved for a mortgage is exciting, but your loan isn’t fully finalized until your home closes. Avoid borrowing money, opening new credit cards, financing furniture or appliances, leasing a vehicle, or making large purchases before closing. Lenders often perform a final review of your credit and finances before releasing ...
Continue ReadingBuying a home is one of the biggest investments you’ll ever make. A professional home inspection can help uncover potential issues before you sign on the dotted line. ✅ **Benefits of a Home Inspection** 🔹 Identify major concerns such as roofing, plumbing, electrical, foundation, and HVAC issues. 🔹 Gain negotiating ...
Continue ReadingYour Guide to Buying a Home in Halton & Hamilton Region Whether you’re a first-time buyer, upsizing, downsizing, or investing, this checklist will help keep your home search on track. ✅ Before You Start Looking Financial Preparation ☐ Review your monthly budget ☐ Check your credit score ☐ Save for ...
Continue ReadingFor many homeowners in Burlington, Oakville, Milton, Hamilton and Waterdown, there comes a time when maintaining a large family home no longer fits their lifestyle. Perhaps the children have moved out. Perhaps the stairs are becoming a challenge. Or maybe you’d simply like to spend less time maintaining a home ...
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