Prequalified Buyer | Trinity Real Estate Consultants Blog

Wednesday, March 13, 2024   /   by Matthew Daniel Tamburello

HomeSellers, HomeBuyers & Investors: How Does a Second Mortgage Work in Ontario?

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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Monday, June 12, 2023   /   by Matthew Daniel Tamburello

HomeBuyers & Investors: Explore Toronto’s Best Neighbourhoods!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
A crucial step to making the right decision on where to purchase a home is to explore Toronto’s best neighbourhoods. With such a vast array of exceptional communities to choose from, it’s vital to identify one that aligns with your preferences and lifestyle. In this article, we will emphasize the significance of selecting the ideal neighbourhood and present you with specific examples of some of the best neighbourhoods and areas to consider in Toronto.
Consider your lifestyle
The first step in choosing the right neighbourhood is to consider your lifestyle. If you enjoy an active social scene, consider neighbourhoods like King West or Queen West, which offer a vibrant nightlife and trendy restaurants. If you prefer a quieter, more laid-back environment, areas like High Park or The Beaches may be a better fit. Families looking for excellent schools and family. ...

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Monday, May 8, 2023   /   by Matthew Daniel Tamburello

HomeBuyers: How to Negotiate the Best Home Deal in the GTA!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
The Greater Toronto Area (GTA) real estate market is one of the most dynamic and competitive markets in Canada. To negotiate the best home deal in the GTA, an optimized strategic approach is needed in order to ensure that you get the most value for your investment. With numerous factors influencing the market, such as demand, location, and property type, it’s essential to have a solid understanding of the local real estate market. Whether you’re a first-time homebuyer or a seasoned investor, understanding these tips and working with a real estate brokerage such as Justo can help you navigate the complex GTA real estate market and achieve your real estate goals.
Understand the Local Market
To negotiate the best deal when buying or selling a home in the GTA, it’s important to understand the local real estate market. Research recent sales, average price. ...

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Monday, March 20, 2023   /   by Matthew Daniel Tamburello

Real Estate Investors: Canada’s Job Market Is Changing Fast As Vacancies Fall Sharply!

Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Considering a new job? Might want to start applying, because the balance might shift back to employers soon. Statistics Canada quarterly data shows a substantial decline in both vacant job listings and the job vacancy rate in Q4 2022. Despite the quick move, diving into the monthly numbers shows a higher-level may downplay just how rapidly Canada’s vacant jobs are vaporizing.
Canadian Job Vacancies Reveal A Sharp Quarterly Decline
Canada’s job vacancies are coming down fast from the peak reached less than a year before. Vacant roles fell 8.2% (-78,600 jobs) to 885,900 roles in the fourth quarter of 2022. This brings the vacancy rate down 0.5 points to 4.9%—a sharp decline for just a few months. Both the number of vacant roles and the rate are the lowest since Q2 2021.
It’s A Different Market From Peak, But Vacancies Are Elevated
Canada’m ...

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Monday, January 30, 2023   /   by Matthew Daniel Tamburello

For Sale by Owner: 10 Inside Tips for Selling Your Home Yourself!

Courtesy of:
Matthew Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
"...selling a home on one's own can be challenging as many home sellers will attest to."
If you ask anyone who has ever tried to sell their home themselves they'll tell you that from the moment the "For Sale by Owner" sign goes up, the phone begins to ring. Unfortunately, many of those calls will not be from prospective buyers, but rather from real estate agents looking to obtain your listing. Obviously the idea of not having to pay a commission to a real estate agent is attractive to any home seller. But because of all the issues involved in the process, selling a home on one's own can be challenging as many home sellers will attest to.
The key is to be properly prepared. If you are not, your home could remain on the market longer than you expect because you are not attracting and getting offers from qualified buyers. This can be a point where many homeowners become frustra? ...

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Matthew Daniel Tamburello
Team Leader & Broker
Right at Home Realty, Brokerage

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