Tuesday, May 16, 2023 / by Evelyn Lopes- Klarine
TIPS on How to OWN A HOME in high priced Toronto GTA- 5 Unique Approaches
Affordable Homeownership Strategies for Toronto GTA Communities! ????
Are you dreaming of owning a home in the vibrant Toronto GTA communities of Peel, Halton, Dufferin, or Wellington? We know that skyrocketing home prices can make it seem impossible, but fear not! We're here to share some creative and practical strategies to help you afford your dream home. From house hacking to tapping into your network for funding, we've got you covered. Let's explore these exciting options together! ????
House Hacking: Unlock the Potential of Your Home! ????
House hacking is a brilliant real estate investment strategy that allows you to generate income and offset your expenses by renting out a room or a basement apartment within your home. This extra income can even help you qualify for a larger mortgage, making homeownership more accessible. You can also explore unique opportunities like making your home avai; ...
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Monday, March 27, 2023 / by Evelyn Lopes- Klarine
Refinancing, Mortgages & Money
Welcome to another episode of Realty Bytes - Conversations on Real Estate and Lifestyle.With your host, Evelyn Lopes, and today’s special guest, mortgage agent Walid Mutahar. In this episode, they discuss mortgage financing and specifically, the topic of refinancing.
Refinancing can be an excellent option for homeowners looking to lower their monthly mortgage payments, access their home equity, or even shorten the term of their loan. But why would someone want or need to refinance? Well, there are several reasons. One of the most common reasons is to take advantage of lower interest rates. If you can lower your interest rate by even a half a percentage point, it can save you thousands of dollars over the life of your loan.
Another reason people refinance is to access their home equity. Home equity is the difference between the current market value of your home and the amount you owe on your mortgage. Refinancing can allow you to tap int ...
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Thursday, July 22, 2021 / by Evelyn Lopes
How to Bridge the Appraisal Gap in Today’s Real Estate Market
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.
That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the sales price. Thus, many sellers favour buyers who can guarantee their full offer price—even if the property appraises for less. For the buyer, that could mean a large down payment or extra cash on hand to cover the gap.
Whether you’re a buyer or a seller, it’s never been more important to understand the appraisal process and how it can be impacted by a quickly appreciating and highly competit. ...
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Tuesday, May 19, 2020 / by Evelyn Lopes
These days, it seems like everyone’s looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month.
Here are 20 things you can start doing today to lower your bills, secure better deals, and begin working toward your financial goals.
Refinance Your Mortgage - For prime borrowers, mortgage rates are at or near historic lows. Depending on your current mortgage rate and the terms you choose, refinancing could save you a sizable amount on your monthly payments. There are fees and closing costs associated with refinancing, so you’ll need to talk to your lender to find out if refinancing is a good option for you.
Evaluate Your Insurance Policies - If it’s been a while since you priced home or auto insurance, it may/ ...
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