Wednesday, June 12, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
You might have stumbled upon this article since you are looking to buy or sell your home, refinance your home, or might need the services of a professional home appraiser. There are three instances when it is common for people to work with home appraisers. The first and most common instance when you will be working with a home appraiser is if you are selling or buying a home. The second instance when you might employ a home appraiser is if you are applying to get your mortgage refinanced. The third most common instance when you might work with a home appraiser is for insurance purposes.
In this article, you will learn about what a home appraisal is for real estate purposes and insurance purposes, what a home appraiser is looking for and what factors determine a home and property’s value. You will also gain insight into. ...
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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, 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 4, 2023 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
It’s no secret that the Canadian real estate market is growing at a fast pace. But, despite the low-interest rates and increasing supply that has fueled the industry growth over the last few years, current and future homeowners need to think about making a down payment in order to acquire their next properties without any problems.
The real estate market moves at break-beck speeds, so it’s normal to ask yourself “how much down payment do I need for a house?”
In this article, we’ll cover the definition of a down payment and explain how this impacts the type of house you can afford. Additionally, we’ll also give you tips on saving these funds for your dream home.
Understanding Down Payments on Houses
Before going over the average down payment for a house in Canada, it’s crucial to understand the . ...
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