Mortgage Tips Iko Maurovski 7 Feb
Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you […]
Read MoreMortgage Tips Iko Maurovski 30 Jan
Throughout the mortgage and home buying process, there are many steps and many checkpoints a buyer will need to complete before they can move on to the next one. A buyer will not be able to close on a purchase if they do not have a lawyer. Financing conditions need to be lifted after confirmation […]
Read MoreGeneral Iko Maurovski 18 Jan
You’ve decided that you want to buy a home and you call up a realtor to show you a listing and the first question they ask is “ How much are you pre-approved for?” Many realtors will refuse to book home viewings until they can confirm that you are pre-approved. Why? 1- It shows that […]
Read MoreGeneral Iko Maurovski 26 Oct
Toronto real estate is set for another boom in the near future. Thanks to the city’s flourishing tech sector, Ron Sally believes the city’s condo market is going to catch fire. “Our tech industry in Toronto is about to explode,” said broker of record and owner of REMAX Millennium Real Estate. “It’s been slowly climbing […]
Read MoreGeneral Iko Maurovski 9 Oct
As the market shifts, developers will increase their incentives to buyers with cash back and decorating allowances on new build or pre-sale purchases. It is very important to review those options with your real estate agent representative and vital to consult with your mortgage broker. Although these offers may seem attractive, they can impact your […]
Read MoreLatest News Iko Maurovski 18 Sep
Despite deteriorating housing affordability across the country, buying a home is still the more affordable option when compared to renting. A new report from Mortgage Professionals Canada has determined that, despite the rapid rise in home price, those who are able to invest in a home would end up “significantly better off” in the long term compared […]
Read MoreLatest News Iko Maurovski 11 Sep
The Canadian housing market is facing significant headwinds heading into the fall, and it’s still unclear how it will navigate them. From a rising interest rate environment, to worryingly high levels of household debt, there are several factors the industry experts are telling homeowners and would-be buyers to consider. For a closer look at what […]
Read MoreMortgage Tips Iko Maurovski 29 Aug
Every once in a while I get someone who has a car loan , a couple of credit cards but there’s a collection from a credit card, a dentist or some other creditor. When I ask why this has not been paid, I am told that they had a dispute with this firm and they […]
Read MoreLatest News Iko Maurovski 7 Aug
Self-employed Canadians will be happy to hear that CMHC is willing to make some changes that will make it easier to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part of the Canadian workforce. These policy changes respond to that reality by making […]
Read MoreGeneral Iko Maurovski 31 Jul
After several years as a home owner, my friend was set to buy the home of his dreams. He always wanted to own an acreage outside of town. He had visions of having a few animals, a small tractor and lots of space. As a person with experience buying homes, he felt that he was […]
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