28 Jun 2022
By Aadil Nathoo

The Top Things To Know When Refinancing Your Home

Mortgage, ,
If you are thinking about refinancing your home in the near future, you probably know that this is a great way to shorten the term of your mortgage while also saving money. At the same time, refinancing your home does not come without risks. Take a look at some of the top things you should do and what to avoid before you go through the refinancing process. Do Check Your Credit Score Always check your credit score before you begin the refinancing process. A surprising number of credit reports contain errors, and you need to correct any errors on your…
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22 Jun 2022
By Aadil Nathoo

3 Closing Costs That Most Buyers Forget to Factor in and What You Can Expect to Pay

Home Buyer Tips, ,
If you're in the process of buying a home, you probably have your deposit and monthly mortgage charges in a spreadsheet, along with a chart of your other expenses and your monthly income. But when it comes to buying a home, there are lots of different costs that will come into play - and it's easy to forget something. When you're preparing to close on your new home, make sure you consider these three closing costs that most buyers forget. Home Inspection Fees: A Small Charge For Peace Of Mind Most home purchase agreements are contingent upon a successful home…
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10 Jun 2022
By Aadil Nathoo

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

Home Buyer Tips, ,
Savvy home buyers who are preparing to make a real estate purchase should do their research and understand that they need to save money for not only the down payment, but the closing costs as well. The closing costs can account for as much as three to five percent of the sales price in some cases, so this can be a rather sizable amount of money. Some home buyers however, may not realize that the amount of closing costs can vary considerably based on the home that is purchased. With a closer look at why this is, home buyers can…
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02 Jun 2022
By Aadil Nathoo

How Much Should You Budget for Closing Costs? Let’s Take a Look

Home Mortgage Tips, ,
If you're in the market for a new home, you're probably trying to budget for all of the expenses that come with a home purchase. After all, the asking price isn't necessarily the entire amount that you'll pay - there are other expenses that will factor in to the final price. One such expense is your closing costs. Closing costs are the miscellaneous fees you'll pay when you sign the deal to buy your home. But how much do you need to save up for closing costs? Here's what you need to know. The General Guideline for What to Expect…
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17 Mar 2022
By Aadil Nathoo

How Negative Closing Costs Work

Mortgage, ,
If you want to save money on your home loan, you might be thinking about refinancing your mortgage. You might be able to replace your existing mortgage with a home loan that has a lower interest rate. Even a single point reduction in your interest rates could save you tens of thousands of dollars over the life of your loan. Before you refinance, be sure to ask about closing costs. Because you are replacing your existing home loan with a new one, you may incur some closing expenses. On the other hand, you could also have negative closing costs. In…
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