Wednesday, May 8, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Credit scores while they may seem like they are just a number that companies pull out of a hat, they are more than just a simple number and they can have a huge impact on your financial future. Your credit score impacts things such as the interest rate you are able to get for loans, whether or not you are able to finance things such as a new computer, a new car, or a new phone, how much you might pay for life insurance, and more. In other words, you should know what your credit score is and take this seriously especially if you dream of becoming a homeowner one day.
Credit scores usually range somewhere between 300 at the low end and up to 850 or 920 at the highest. However, a FICO score is the credit score that most financial institutions use and take into consideration when deciding who they can give credit out are between! ...
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Wednesday, April 10, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
While home prices and the real estate market in the Greater Toronto Area (GTA) have been steadily increasing over the past few years, condo prices especially in Toronto, have been steadily increasing. Given the growth in the real estate market, it is no surprise that 10%, 1 in 10 condos, built in Toronto during 2016 and 2017, are owned by non-Canadian residents.
While you may not have considered purchasing a condo, there are many advantages to condo living you can enjoy purchasing and living in a condo. These advantages range from saving money and ideally seeing a large return on your investment when the time comes to sell your condo, being able to live in a more desirable neighbourhood, proximity to public transportation, restaurants, and more. However, buying a condo and condo living might not be the right choice for everyone. It is imp. ...
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Wednesday, March 20, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
By the year 2041, Ontario is expected to have almost 2 million more residents. As its population grows, so does opportunities. Real-estate wise, Canada’s largest city has seen a 57% increase in average home prices in the last five years. It also saw a 131% increase in the last decade. Serious would-be investors in Ontario's real estate market would, therefore, find the following facts and information beneficial.
Who can own real estate in Ontario?
1) Canadian citizens and even non-residents possess the right to hold, acquire, or dispose of any real estate property. This means an individual, a group of people, and even a corporate entity could own property.
2) Non-Canadian investors can partner with local entities or individuals and form a corporation, co-ownership, partnership, or sale-leaseback. Such arrangements a. ...
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Wednesday, March 13, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Despite more than two million people in Canada with second mortgages, not many fully understand how second mortgages work. This article aims to answer the reasons people get them, and how to obtain them. We’ll also help you learn the advantages and disadvantages of second mortgages, and hopefully, provide information to help you make an informed financial decision.
What is a second mortgage?
The first loan taken by homeowners to purchase a house is called a primary mortgage. A second loan acquired for the same property is called a second mortgage.
A second mortgage is granted even when the primary mortgage has yet to be fully paid. The loanable amount from the second mortgage is based on the equity of the house bought through the primary mortgage. Equity is the value of your home minus any mortgage debt and liens. Equity is . ...
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Wednesday, October 25, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Gothic revival, farmhouse, Italian style, and cottage. These are just some of the types of homes that you can purchase in Canada, all of which bring unique benefits and setbacks. But, in addition to the style of the actual house, you also have to determine if the property has been designated historic and decide if you’re interested in this type of home.
Buying historic homes is definitely different from conventional properties because there are certain guidelines you’ll need to follow. With that said, owning a historic home with unique design elements can be a superb experience. At the same time, potential buyers should also consider any potential gains that can come from owning specific historic homes before making a final decision.
If you’re not sure what a historic home is or the benefits of owning this type of prope. ...
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