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PURCHASING

COSTS TO CONSIDER

LEGAL FEES

APPRAISAL FEES

Charged by your lawyer or notary (often called a Solicitor)

If a lender requests an appraisal of the property

HOME INSPECTION
 

FIRE INSURANCE

GST

NEW HOUSING

PROPERTY TRANSFER TAX 

8SIMPLE

STEPS

To Buying a Home

Buying

REFINANCE

COSTS TO CONSIDER

LEGAL FEES

APPRAISAL FEES

Charged by your lawyer or notary (often called a Solicitor)

If a lender requests an appraisal of the property

CLOSING COSTS
 

PENALTY ON EXISTING MORTGAGE

BENEFITS TO REFINANCE

  • Change your term- extend out your amortization to increase cash flow and lower payments

  • Consolidate debt - pull out equity to clear up monthly payments and increase cash flow

  • Take out cash for other purposes

  • Refinance to buy another property

RENEWAL

COSTS TO CONSIDER

LEGAL FEES

APPRAISAL FEES

Charged by your lawyer or notary (often called a Solicitor)

If a lender requests an appraisal of the property

CLOSING COSTS
 

PENALTY ON EXISTING MORTGAGE

BENEFITS TO A RENEWAL

  • Stay in your current amortization to keep on track with paying off your mortgage. 

  • lender may not require a penalty if you are at the end of your term

MORTGAGE CALCULATOR

Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal balances!

MORTGAGE PAYOFF

How much interest can you save by increasing your mortgage payment? View the report to see a complete amortization payment schedule, and how much you can save on your mortgage!

Renewal
Refinance

Credit is becoming increasingly important for not only getting approved, but for having access to best rates and products. Your credit report is simply a listing of your mortgage and consumer debt.

SCORE RANGE
300 to 900,
the higher the better.
Credit Reporting Agencies

Lenders report your credit usage to these agencies and this will be used to calculate your credit score, also called Beacon score.
 

Construction
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