The cost of private mortgage insurance varies depending on the down payment and mortgage loan, but is generally about half a percent of the total loan amount. So how exactly is it calculated? Let’s say you bought a house for $100,000 and put $10,000 down. Your lender will multiply the remaining 90 percent by 0.005 … Read more
There are many benefits to appraising a property because no two properties are the same. If you are planning to purchase or invest in real estate in Vancouver, Surrey, Kelowna, Victoria or elsewhere in British Columbia, it is important to keep in mind that finding the right one is important. assessor to assist you in … Read more
If you are considering purchasing an investment property in Kelowna, Vernon, Kamloops or elsewhere in the Okanagan Valley or Lower Mainland, with the intention of renovating it, there are some key elements to seriously consider. Others may consider investing in properties in Metro Vancouver, spanning Vancouver, Burnaby, Langley, Surrey or all three cities – but … Read more
Defaulting on your mortgage loan can have serious consequences. If the borrower violates the terms of the mortgage loan or fails to make regular payments, the lender has many strong remedies it can exercise to protect its investment. By making your regular payments on time and following the terms of the loan, you will avoid … Read more
In Canada’s dynamic real estate industry, foreclosure and power of sale processes play a crucial role in ensuring the orderly resolution of financial disputes and the protection of lenders and borrowers. In British Columbia, Canada, these processes are well defined, providing a legal framework that governs the transfer of property when a borrower defaults on … Read more
Overview of the Canadian Banking SystemThe Canadian banking system is dominated by a few large banks – these are often referred to as the “Big Five”. These banks include the Royal Bank of Canada (RBC), the Toronto-Dominion Bank (TD), the Bank of Nova Scotia (Scotiabank), the Bank of Montreal (BMO), and the Canadian Imperial Bank … Read more
Even though real estate is becoming more and more expensive in British Columbia and the rest of Canada, owning property in Canada still has many advantages that make real estate investing an attractive opportunity. If you are considering investing in real estate in Canada in 2024, here are 5 reasons to invest and why you … Read more