Buying a home can require a team of pros Homes London Free Press
This blog was brought to you by:Cathy Mudge, ABR, SRESSales Representative, Royal LePage 1stLondon Real Estate services, BrokerageWww.londoncityrealestate.ca
Monday, August 15, 2011
Saturday, July 9, 2011
Know Your Neighbourhood
This blog was brought to you by: Cathy Mudge, ABR, SRES Sales Representative, Royal LePage 1stLondon Real Estate services, Brokerage Www.londoncityrealestate.ca
Hmmm I'm still new to this blogging stuff, but here is a great article written by Heather Write and published by Property wire. She has included many comments from me, but there is so much more to say on this topic. I'll be adding additional comments to expand on some of the great points raised here.
Enjoy!
Hmmm I'm still new to this blogging stuff, but here is a great article written by Heather Write and published by Property wire. She has included many comments from me, but there is so much more to say on this topic. I'll be adding additional comments to expand on some of the great points raised here.
Enjoy!
Tuesday, February 16, 2010
New rules for mortgage approvals!
This article makes it sound like buyers will be cut off at the knees, and have a much harder time qualifying for a mortgage. In reality, the new rule are really only common sense, and will not affect most people to any great length.
http://www.theglobeandmail.com/report-on-business/ottawa-warned-against-altering-mortgage-rules/article1462425/
It sounds like economists and government are worried that we are entering into bubble territory. Personally, I'm not convinced, but regardless...we know that mortgages will eventually go up, so why not plan a bit for the future. In short, if you can't afford the house at the posted five year rate, then you probably shouldn't be buying (or re-financing) it.
I much prefer this article (link below) which sets out the 3 main components of the rules. I think they made the right call, and am glad that they didn't impose anything harsher, or make changes to the minimum 5% down payment on primary residences.
http://finance.sympatico.ca/Home/ContentPosting?newsitemid=mortgage-flaherty&feedname=CBC-BUSINESS-V3&show=False&number=0&showbyline=False&subtitle=&detect=&abc=abc&date=true&paginationenabled=false
This article makes it sound like buyers will be cut off at the knees, and have a much harder time qualifying for a mortgage. In reality, the new rule are really only common sense, and will not affect most people to any great length.
http://www.theglobeandmail.com/report-on-business/ottawa-warned-against-altering-mortgage-rules/article1462425/
It sounds like economists and government are worried that we are entering into bubble territory. Personally, I'm not convinced, but regardless...we know that mortgages will eventually go up, so why not plan a bit for the future. In short, if you can't afford the house at the posted five year rate, then you probably shouldn't be buying (or re-financing) it.
I much prefer this article (link below) which sets out the 3 main components of the rules. I think they made the right call, and am glad that they didn't impose anything harsher, or make changes to the minimum 5% down payment on primary residences.
http://finance.sympatico.ca/Home/ContentPosting?newsitemid=mortgage-flaherty&feedname=CBC-BUSINESS-V3&show=False&number=0&showbyline=False&subtitle=&detect=&abc=abc&date=true&paginationenabled=false
Monday, February 8, 2010
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