1. View the home as a form of recreation, not an investment.

If you buy one, make sure, above all, that this is a house and an area you enjoy. It will be worth the cost if you spend as much time there as possible, put your heart and …

I was recently notified that the Consumer Financial Protection Bureau (CFPB) is issuing guidance to aspiring homeowners regarding mortgage brokers transitioning to what is known as a “mini-correspondent” lender model.

The CFPB is concerned that some mortgage brokers may be shifting to the mini-correspondent model under the mistaken belief …

It’s disappointing, frustrating and sometimes, discouraging when you lose a home you want to buy.

One of the hardest lessons for today’s buyers is that writing an offer doesn’t mean that you’ll get the home or even a counter-offer. The low inventory affecting many of the housing markets …

Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old. There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home in …

Serious shoppers wait for a 50% off sale to make the decision because of the bargain factor. Renters who are serious about lowering their monthly cost of housing should consider buying with today’s low mortgage rates. For an example, let’s assume a person buys a $200,000 home with 3.5% …

One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent; they feel they can save the commission.

Both parties …

Consideration associated with a contract is generally thought to be the price and terms but being sympathetic and courteous towards the seller could make a difference in getting the home you want.

Business people, like store owners, expect to deal with customers and even come to expect behavior …

Employees relocating to a new market for a job know all too well which features and amenities they want most in their next home and the location: it needs to be larger than their previous home, with an upgraded kitchen and be located in a good school district, yet not …

March is Fraud Prevention Month. Canada Mortgage and Housing Corporation (CMHC) has consistently been a leader in the fight against mortgage fraud and offers the following tips to protect yourself from becoming a victim of mortgage fraud.

Misrepresentation of Information

Mortgage fraud occurs when someone deliberately misrepresents information …