CMHC introduce enhancements to its Green Home program for Canadians who purchase an energy-efficient home or make energy-saving renovations to an existing home using CMHC-insured financing. Effective today, the premium…
When the offer is accepted:
- Cost of the evaluation (freshly conventional SCHL or GE, $400 $) $________
- Cost of the inspection (recommended) $________
- Deposit(if required) $________
Here is the real-life case which we would like to share with you. Virginia and Alexander live in an apartment for 2 years, they wish to start a family, they wish to have a property with a yard, more spaces, because they feel cramped, be lacking intimacy then they decided to buy a beautiful property together. They obtained a mortgage loan with their bank, the date for notarier is planned on March 23rd, 2020. To celebrate the event, they invited friends to have dinner. During the evening, the friends question Virginia and Alexander to know what was the interest rate,if they used their RSP, if they opted for a variable rate or a fix rate ? After the evening, Virginia and Alexandre realize that they did not maybe look at all the possibilities and that they had made that fast, the next day Virginia asked to her friend for the name of the mortgage broker of Multi-Prêts who had analyzed all his needs to choose well the mortgage product which suited best in its situation, she had explained during the evening that she had chosen a term of 2 years instead of one 5 years, that she had made a RAP loan, that her mortgage broker had made for her realized several very important details to take advantage of it, because once owner she could not go back any more. Alexander found the interesting idea and communicated with us, we planned a appointment, we discussed various options and we had time because the solicitor was only March 23rd. . we answered their expectation and they chose us as mortgage broker for life! Who do you know who is in the same situation? It is with pleasure that we shall advise them to choose the best strategy.
Did you know that: If you have $900 on a credit card and you only pay the minimum amount required every month, it will take you 9 years to pay it off? A client of mine recently found himself in a financial predicament. He had spent a lot of money with his credit cards and, before he realized it, he had reached the credit limit on all five cards, accumulating over $32,000 in debts. He didn’t know what to do and though bankruptcy was his only option. He had seeked my help when he purchased his house several years earlier. Concerned by his debt, he decided to call me to ask for advice. After making a few calculations, I contacted him and we talked about the option of refinancing his property. This would give him enough money to pay off his debts, all while keeping the same mortgage payments. He is now completely debt free. A simple phone call can save you thousands of dollars. Do you know people who are going through a similar nightmare? Tell them to contact us. We will be happy to help them.
The property which interests you seems maybe perfect at first sight, but it is important to verify in which state it is really. Now the inspector comes on stage. In Quebec, no regulations supervise this practice, what makes that whoever, from the architect by training to the "self-taught", can act himself as inspector. Some will maybe agree to make the work of inspection for approximately 200 $, but for a really complete inspection, be not surprised having to pay up to 500 $. Here are links to find an inspector: Association of the inspectors in buildings of Quebec ( AIBQ) Find an inspector Canadian company of mortgages and accommodation(housing) (CMHL) The choice of an inspector in buildings We are there to inform you, inform and help you before, during and after the purchase of your property, do not hesitate to communicate with us.