Homes in Scarborough

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Scarborough Homes consist of detached and semi-detached houses, bungalows, townhouses and condos that can offer buyers value in owning property. Finding homes is also easy in Scarborough through experienced and real estate agents. The transportation is convenient to and from the city of Toronto. Other amenities that make it a great place to own a [...]

Buying vs Renting a House

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There are two major reasons why you should own a home. On one hand you build a lot of equity without doing anything special because you are not only getting the appreciation of your house but you are also paying off your principal. Let’s say ten years ago you bought a house for $300,000, now [...]

How much down payment do I need?

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You can buy a property with as little as 5 % down payment if you have adequate income and your credit is good. However, what you should consider is, when you put only 5% down payment you incur a CMHC cost of 3.25 % of your total mortgage. Now this amount isn’t a pocket expense [...]

Benefits of a Real Estate Agent

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Often buyers ask me the benefits of a real estate agent. It is always advisable to take the services of a Real Estate Sales Representative. A realtor would not only do the relevant research for your property but he will also be able to show you all the comparables and all the recent sales that [...]

How Expensive of a House Can I Afford?

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The formula for knowing how expensive of a house you can afford is very simple. You can easily allocate one-third of your gross-income towards the payments of the house. This is the formula that banks use when they give you the mortgage and when they qualify you for that. CMetC is also very comfortable with [...]

Costs of Owning a House (Monthly)

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When you own a property you should always keep in mind these monthly expenses that you have to incur. First of all, you have mortgage payments which would be both principle and interest. Then you have property taxes which of you pay every month, you do not have to shell out a big amount every [...]

How to Pay Off Mortgage Early?

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There are actually quite a few ways by which you can pay off mortgage early as opposed to waiting for the full term. I will give you a few tips. One, whenever you go for mortgage if you have adequate income try to go for amortization Of 25 years instead of 30 years because by [...]