The Conveyancing Process: Pre–exchange of contracts Initial letters sent on instructions Once we are instructed to proceed on your behalf we generally do the following:- 1. Open a file in your name 2. Write to the estate agent and financial advisor (where applicable) to confirm our instructions on your behalf. 3. Write to the seller’s [...]

Access to the internet has made big changes to the way we buy homes. The ability to locate information online means you can learn about the home buying process, about applying for mortgages, about improving your credit rating, and many other aspects of home financing. These days, technology and the real estate world have advanced [...]

You know the old saying, buying a home, and getting a mortgage, is the most important financial transaction most people will make in their lives. It’s a cliché, but it’s definitely true. Get the wrong mortgage and you may find your finances spiraling out of control and into trouble. The right mortgage, on the other [...]

We’re all fully aware of the crisis in the world housing market, especially in the United States, it’s practically impossible to have missed it with all of the coverage on the news. Unfortunately, this situation has affected Canadians as well. It’s more difficult than ever for a person with no down payment to get a [...]

The Canadian economy contracted at a sharp annualized rate of 3.4 percent in the fourth quarter of 2008. The global financial crisis impacted Canada’s exports and consumer confidence took a blow. The January jobs report showed a monthly loss of 129,000 jobs. Though politicians and analysts optimistically expect the market to rebound late in the [...]

Have you ever heard the term loan shark? This is not a new species of fish that was discovered off the Pacific coast, it is the sometimes criminal practice of offering unsecured loans at high interest rates that are collectible via the threat of violence. While the present day mortgage and home loan industry is [...]

In recapping the foreclosure situation in the United States for 2008, one must go back a few years. Two or three years ago no one knew what disaster was awaiting the housing market. Most people were living the American dream and enjoyed becoming homeowners. However, by 2007 disaster struck as the subprime crisis began and [...]

When you are ready to purchase a home or refinance your existing mortgage, choosing the right mortgage is not quite as simple as it may seem. There is more to choosing the right loan than simply looking up the current Canada mortgage rates and choosing a lender that charges low fees. As you look for [...]

When the economy slows down, many people are losing their jobs. As a result, they cannot meet their monthly mortgage obligations and thus they may lose their homes due to foreclosure. If you are at risk in facing the same situation and want to know how to stop foreclosure, this article will give you some [...]

Mortgage lenders are a necessary part of buying a home for most people. No matter what your credit score or how much money you have saved, the right mortgage lender can make the home buying process a lot easier for you. The perfect mortgage lender is out there, you just need to know how to [...]

The number of new foreclosures is rising each day, and most efforts on a national and state level do not seem to be stopping this crisis. The Federal Government has offered generous incentives to lenders in a move to help more homeowners take advantage of loan modification and home counseling services. According to recent reports, [...]

If you are a new and first time buyer, then you probably aren’t thinking too much about foreclosure and your house being taken from you, after all you are just moving in! But, you should be aware that things can go from good to bad in a matter of months, and it is always good [...]

If you are a homeowner and get into financial difficulty, whether this be through a medical condition or being made redundant, you will feel that your whole world has been turned on its head. Your primary reaction will most likely to be to think that the problems will go away or sort themselves out on [...]

What’s the deal on the FHA Modernization Bill or the FHA Expanding Homeownership Bill that is supposed to help manufactured home owners? Speculated to have been packaged, sealed and signed by the President during the first quarter of 2008, the long-awaited, long promised FHA Expanding Homeownership/Modernization bill is still being tossed around in two different [...]

After the crisis of bad credit and filing for bankruptcy, perhaps you may feel intimidated of starting up new transactions. For instance, you may feel disheartened about purchasing a new home because of your bad credit history. However, even if you have a record of bankruptcy in your credit report, there is still a chance [...]