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New mortgage stress exam regulations kick in

November 14, 2021 by Central Toronto Real Estate Blog

New mortgage stress exam regulations kick in

  In toronto real estate, new regulations aimed at inducing it harder to get a mortgage take effect today, October 17, 2016, a move that is bound to have an impact on demand for homes in Canada. Earlier this month, Ottawa announced the moves, which boil down to a stress exam for all insured mortgage […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Real Estate Posts Tagged With: central toronto real estate, insured mortgage, mortgage broker, toronto first-time buyers, toronto home buyer, toronto real estate

Buyers, thinking to buy a home – Buyer’s guide

July 7, 2020 by Central Toronto Real Estate Blog

Buyers, thinking to buy a home – Buyer’s guide

  Buyers, thinking to buy a home – Buyer’s guide   1. Stаrt wіth уоur credit. Credit reports аrе kept bу thе thrее mаjоr сrеdіt agencies, Experian, Eԛuіfаx, аnd TrаnѕUnіоn. They ѕhоw whеthеr уоu аrе habitually lаtе wіth payments and whеthеr уоu have run into serious credit рrоblеmѕ іn thе раѕt. A сrеdіt ѕсоrе is […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Real Estate Posts Tagged With: Canada Mortgage and Housing Corp, central toronto real estate, CMHC insured mortgages, credit score, deferring the mortgage payments, first-time home buyer in toronto, First-Time Home Buyer Incentive, first-time home buyers, five-year fixed-rate mortgage, fixed-rate mortgage, foreign home buyer, higher mortgage debt, higher mortgage payments, home buyers, housing mortgage, increasing number of home buyers, insured mortgage, mortgage affordability, mortgage arrears, mortgage borrowers, mortgage broker, mortgage financing, mortgage insurance, mortgage lender, mortgage payments, mortgage qualifying, number of home buyers, Ontario home buyers, Ontario prospective home buyers, pre-approved mortgage, qualifying credit score, toronto home buyer, toronto new home buyer, toronto real estate

Scams homebuyers should know because little prospects of recovering the money

January 5, 2020 by Central Toronto Real Estate Blog

Scams homebuyers should know because little prospects of recovering the money

  Scams homebuyers should know because little prospects of recovering the money     There is another type of fraud, with significantly large monetary losses, that people, particularly homebuyers, should be aware of besides scam calls.   Earlier this month, online scam expert Ben Taylor, known as Pleasant Green on YouTube, told Yahoo Canada a […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: ability to collect the funds, against the bank, against the fraudster, attempt to claim, Beware of U.S. deals, breach of contract, breach of fiduciary duty, Canadian Anti-Fraud Centre, Canadian real estate market, copycat emails, cross-border transaction, difficult to impossible, escrow agents, fraudulent account, fraudulent information, freeze the funds, get the funds frozen, given phone numbers, homebuyer, large monetary losses, large money transfers, law enforcement in Canada, Legal experts, mortgage broker, mortgage closing fraud, mortgage scammer, mortgage scams, near zero, negligence, no specific legal regime, offshore account, online scam, online scam expert, prospects of recovering, protections are in place, real estate broker, real estate brokerage, retirement savings, seek an immediate freezing order, strong legal claim, suing his bank, targeted by scammers, title agents, transfer of downpayment, verbal authentication, wire fraud, wire transfer

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