Q: Hi Kyle, my wife and I were pre-qualified for a mortgage up to $900,000 by RBC but when we went to them with plans to build a house on a bare lot in ...Continue reading
Q: There are a lot of variations of the question: “Will the market keep going up?” A: The real-estate market has gone through dozens of ups and downs in the last 40 years. During that time, the value of the average ...Continue reading
Q: My bank has advised me to lessen my monthly payments by rolling my car loans and my mortgage together into a home equity line of credit. Is this a good idea? It’s an open variable line of credit and ...Continue reading
Q: I want to give my 21-year-old daughter the money to buy a condo to live in. Do you think prices will keep rising? A: I think it is a great idea. It does not matter about “prices rising.” It is ...Continue reading
Q: I like Mazatlan. My family and I go there often and we would like to buy a time share condominium. If we don’t use it, we can rent it and get a little income? What should we watch out ...Continue reading
Q: I do not want to incur real estate commissions, as my home is an easy sell. Where can I find out information about how to do it? A: Forms can be obtained at your stationery store. There are a number ...Continue reading
Q: My mortgage is coming due. Should I lock in? A: If you have one property and the discipline to watch it, take the current prime minus .5 per cent or 2.5 per cent. That rate may stay low till fall. ...Continue reading
Q: I have been told that I cannot get the best mortgage rate because of my credit rating score. Who sets the score and why do they have that power? A: Well, actually they don’t … you do. It is how ...Continue reading
Q: We read about U.S. and Australian real-estate auctions all the time. Are there such auctions in Canada and what is the procedure? A: Well, yes and no. First off, in the United States, the auction process varies from state to ...Continue reading
Q: I want to furnish my apartment rental downtown to get better income. Should I furnish it high end or low end? A: Get some expert advice first. If your condo is a well located view unit, go very high-end (best ...Continue reading
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