Wednesday, January 1, 2025 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
The end of a marriage is usually challenging emotionally and financially no matter the circumstances regarding how the marriage is ending. However, dividing property, assets, and figuring out what to do with the family home after divorce can be even more challenging.
This article is meant to help you understand what your rights are with regards to real estate after divorce in Ontario, understand what your property ownership rights are and how your property ownership rights are related to the division of property after divorce in Ontario.
If you have any specific legal questions related to your specific situation, you need to consult a divorce attorney and maybe even a real estate attorney who handles divorce sales as needed. This article is only meant to be a primer on your property rights when you are getting divorced in Ontario.
For . ...
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Wednesday, August 21, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Buying a home or property is an exciting process no matter whether you are buying your first home or your third home. However, getting a mortgage even if you have an amazing credit history and score, have saved up sufficient funds for a down payment, closing costs, and more, getting a mortgage is still a process that will take time, paperwork and bureaucracy.
In other words, it’s time to prepare yourself for the fact that you can apply to be pre-approved or prequalified for a mortgage or for a mortgage but it is not something that is immediate. If you were thinking that you have all of the paperwork ready, all of the funds saved up, excellent credit, etc. that you could get approved instantaneously if only financial processes were so efficient and painless.
How long it will take for your mortgage application to process depends on y. ...
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Thursday, January 25, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
The Bank of Canada leaves benchmark rate at 5%
As expected, the Bank of Canada has left its key lending rate unchanged at 5%.
This follows 10 previous rate increases over 12 rate announcements, which raised the overnight target rate by 475 basis points (bps) since March 2022.
In its statement, the Bank said it is “still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.”
However, the Bank added that with expected GDP growth of just 0.8% in 2024, it expects inflation to continue to ease from around 3% in the first half of 2024 to its 2% target in 2025.
What happens now?
As a result of today’s decision, prime rate will remain unchanged at 7.2% and there will be no changes to existing variable-rate mortgages. This announcement also has no impact on fixed-rate mortg! ...
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Monday, February 6, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"...you could run the risk of owning two homes...if you sell first, you could end up homeless"
We've all heard the old saying about being caught between a rock and a hard place. Well unfortunately, that's where most homeowners find themselves when they decide to move from one home to another. You see, if you buy before selling, you could run the risk of owning two homes. Or, just as bad, if you sell first, you could end up homeless. That's what is known as the Real Estate Catch 22, and for thousands of homeowners, it's an extremely stressful position they find themselves in.
The Solution: How to Avoid The Real Estate Catch 22
This financial and emotional tightrope is one many homeowners feel they have to walk alone. However, you should seek out agents offering specialized programs that can eliminate the stress and worry associated with selling and buying another home.
The . ...
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Monday, December 26, 2022 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"Allowing your child to decide what to do with his/her worn toys provides them a feeling of control in a situation that is largely, out of their control."
Over the years, many studies have been conducted to define and rank which typical life experiences cause the greatest amount of stress for the average adult. For anyone who has had to make a move, it probably comes as no surprise that moving ranks within the top 10 of the most stressful events... and once you add children to the equation, the stress level only increases.
We have compiled the following tips to help parents prepare their young children for a move, and to also help them adjust to their new home and community once the move has taken place.
1) Tell your children about the upcoming move as soon as possible.
Waiting until the For Sale sign appears on your lawn, or having your kids find out about the move from. ...
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