What is a Vendor Take Back Mortgage? A vendor take back mortgage, also known as VTB mortgage, is a type of financing arrangement in Canada that involves the seller of a property lending money to the buyer to help them purchase the property. In a vendor take back mortgage, the seller acts as the lender and accepts payments from the buyer over a specified period, just like a traditional mortgage. However, instead of a bank or other financial institution providing the mortgage, the seller... [read more]

What to Do If Your Home Appraisal Comes in Low: A Guide for Canadian Homeowners Whether you are buying a home or refinancing your existing one, you will need an appraisal: an expert’s informed opinion of the value of your home. If your appraisal comes in lower than your offer, you will need to make a decision about how to proceed. What Is a Home Appraisal? A home appraisal is an objective assessment of the value of your home based on factors like its location,... [read more]

Opportunities at 1 Beatty Ave: A Smart Investment Choice View MLS Listing By Clicking Here: 1 Beatty Ave Welcome to 1 Beatty Ave, where the potential for a solid investment meets the charm of a well-located property. Whether you're thinking of buying the house as it currently stands or enhancing its value with a rental unit, we've outlined the financial details for both scenarios to help you make an informed decision. Buying As-Is If you're looking to move right... [read more]

From Impossible to "I Own This": How to Break Into Toronto's Housing Market with a Basement Apartment  The text message from your landlord just landed: "Rent's going up again." Your heart sinks. Another increase is eating into your savings, pushing your dream of homeownership further away. In Toronto's red-hot real estate market, it feels like the goalposts keep moving – just when you've saved enough for a down payment, prices climb... [read more]

An important first step in the home-buying process is being pre-approved for a mortgage. This affords you the luxury of knowing your purchasing power and the calm that you have inched closer to completing the mortgage application. You can be pre-approved in as little as an hour. As long as you have all of the documentation necessary for this endeavour and you have shopped around for the best rates, it is not a tiring ordeal. That said, if you are in the market for a new home and have already... [read more]