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The Homebuyers Check-List

  • Check zoning, building regulations and municipal plans for the area. They may affect any plans you may have for additions or renovations.

  • Estimate the resale potential of the house. This is an important consideration, especially if you may need to relocate again soon.

  • Drive through the area and evaluate the level of essential services. Check transportation and shopping facilities. Look at the proximity and types of schools in the area.

  • Carefully examine all aspects of the house's construction, including plumbing, wiring and foundation walls. Bring along an expert if you feel unable to assess these properly. We have seen more and more clients exercising a house inspection company to look at the home in detail. Ask your realtor for the name of a reputable firm. Costs vary but are in the $300. range and the inspection provides a level of comfort which can be well worth the cost.

  • Try to determine what repairs you may be faced with over the coming years. Check the condition of the roof, capacity of electrical services, age of furnace and driveway paving. If you think your space needs may change, look for renovation potential - size of lot, exposure, room layout and so on.

  • Consider all expenditures you may have to make over and above actual purchase cost; repairs, furniture, landscaping, renovations, decorating and moving.

  • Be prepared for unexpected costs such as legal and survey costs, appraisal fees, land transfer tax and be aware of increased monthly costs like water, gas and electricity bills, especially when moving into a larger home.

For Further Information

Any one of our representatives would be more than happy to assist you or answer any questions you may have about purchasing your first home. Contact us anytime and we will reply to your inquiry by telephone or by email as promptly as possible.


 

 
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Mortgage Renewals
Have you received your mortgage renewal in the mail? Don't just sign the form and send it back to the lender. Over 70% of mortgage holders do just that, and what is the usual result - a higher mortgage rate and a product that might not be best suited to their needs. Choose CanEquity for the best rate mortgage renewal in Canada.

Mortgage renewal form

Best Rate Renewal Inquiry
 
 
Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in the province of Ontario.

Mortgage Type Inquiries
Qualification20.21%
First-time Buyer18.21%
Refinance15.79%
Purchase13.11%
Renewal11.38%
No Money Down11.24%
Commercial2.33%
Variable Rate1.75%
Pre-approval1.51%
Low Doc1.01%
Other3.48%
Last Tally: Apr 10 at 04:15:07
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