Wednesday, October 9, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
The CMHC First-Time Home Buyer Incentive became live earlier this month. Stylized as FTHBI, the main aim of this program is to help improve affordability levels for Canadian citizens buying a home for the very first time.
This down payment incentive is the result of shared equity with the CMHC. The CMHC, a government-owned body, provides 10% or 5% of the down payment for every first-time homeowner. In doing so, the CMHC can help you lower potential mortgage payments. Also, First-Time Home Buyer Incentive will help you to afford property below the $500,000 mark.
The down payment incentive exclusive to first-time home buyers helps to reduce monthly mortgage expenses drastically. This incentive offers:
1) 5% or 10% of your total purchase of a newly built home
2) 5% of your purchase of an already existing home
3) 5% ! ...
Read More
real estate, tamburello, the tamburello team, matthew tamburello, best real estate agent, best real estate deals, buying a foreclosed home, trinity real estate consultants, best school districts, renting versus buying a home, best time to buy a house, cost of buying a house calculator, best neighbourhoods, top school districts, best communities to live in, buying your first home, mortgage preapproval, mortgage stress test, top five cities, best places to live, first time home buyer, cmhc, first-time home buyer incentive
Wednesday, September 4, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In England, there is a saying that something secure and reliable is “safe as houses”. It’s a phrase that goes back to Victorian times and is generally representative of the belief that a house. “With its foundations, bricks, mortar and seemingly limitless growth in value” – this means trustworthy and dependable, meaning everyone should strive to own one.
The global recession in 2008 changed all that, with home equity wiped out for many homeowners who had previously paid over-inflated prices. The “property ladder” no longer seemed such a good idea – for many, it was now a financial trap rather than a lucrative investment. And with the collapse of the sub-prime mortgage market in the US, lending rules were tightened, and those people who still desired their own home found funding sources! ...
Read More
real estate, tamburello, the tamburello team, matthew tamburello, best real estate agent, best real estate deals, buying a foreclosed home, team, trinity real estate consultants, sell or buy first, best school districts, real estate investing, gta real estate, best neighbourhoods, top school districts, best communities to live in, good time to buy, mortgage preapproval, mortgage stress test, top five cities, how to find houses at a good price, pros of living in ontario, average home selling price, market uncertainty
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. ...
Read More
real estate, tamburello, the tamburello team, matthew tamburello, best real estate agent, best real estate deals, buying a foreclosed home, team, trinity real estate consultants, best school districts, best neighbourhoods, top school districts, mortgage preapproval, mortgage stress test, mortgae rates, getting a mortgage after a divorce, can you sell a house with a mortgage, how to get a second mortgage, qualify for a second mortgage, requesting a mortgage, non-resident mortgage, tips to make your down payment easier and faster
Wednesday, July 17, 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 and are a U.S. citizen interested in buying property in Canada and the short answer is yes, U.S. citizens can buy property in Canada. In fact, Canada welcomes buyers from all over the globe and there is no restriction on the amount or kind of real estate you can buy if you are not considered to be a permanent Canadian resident. Any Canadian citizen spending more than 6 months per year outside of Canada is considered to be a non-resident and will follow these rules as well.
As a non-resident you will need to follow certain rules, pay higher taxes than a non-Canadian permanent resident, and will need to put more money down than you usually would if you are financing the purchase of your property with a loan from a Canadian bank. But beyond these tax considerations which a competent Can. ...
Read More
real estate, tamburello, the tamburello team, matthew tamburello, best real estate agent, best real estate deals, buying a foreclosed home, team, trinity real estate consultants, sell or buy first, best school districts, best time to buy a house, for sale by owner, good time to buy, best neighbourhoods, mortgage preapproval, top school districts, mortgage stress test, foreclosed houses for sale, prequalified buyer, top five cities, current housing market, houses for sale by owner, how to find houses at a good price, foreign buyer
Wednesday, July 10, 2024 / by Matthew Daniel Tamburello
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
Chances are you that came across this article since you are not a Canadian resident and you are interested in buying property in Canada, but like many people, you might not have the sufficient cash lying around to buy a home in cash, without financing. Purchasing homes and property can be incredibly expensive. Most people will need a mortgage or financing from a bank to purchase a property or a home. Heck, even Elon Musk, the founder of Tesla, has a mortgage. Yes, you read this correctly, even Elon Musk has a mortgage. In fact, Elon Musk has multiple mortgages. Many other high net worth individuals including people such as Beyoncé and Jay-Z also have mortgages. In other words, your net worth does not necessarily preclude you from having a mortgage.
You might be reading this and thinking ok, how does this apply to me a. ...
Read More
real estate, tamburello, the tamburello team, matthew tamburello, best real estate agent, best real estate deals, buying a foreclosed home, team, trinity real estate consultants, sell or buy first, best school districts, best communities to live in, mortgage preapproval, top school districts, mortgage stress test, top five cities, signs of recovery, pros of living in ontario, best places to live, first time home buyer, past real estate market corrections, getting a mortgage after a divorce, non-resident mortgage
