Darlene Hinton- Assured Mortgage Services
RR#1 L4N 8Y2 Barrie, ON, Canada

This would be Welcome News!

BEYOND YOUR DOWNPAYMENT: PREPARING FOR CLOSING COSTS Saving to buy a home is so much more than putting together a down payment. Down payments receive all the attention as you save to buy a property. If you take some time to plan for other expenses related to closing on your property, you won’t be surprised by the actual amount you should have set aside, on top of your down payment. According to the Canada Mortgage and Housing Corporation (CMHC), you’ll need your down payment ...Continue reading

Some Excellent (and some Surprising) recommendations....

Yesterday's Central Bank Announcement The Bank of Canada made its nineth interest rate decision of the year. While the overnight rate did not change, which is great news for borrowers the Bank’s commentary about the outlook for Canada’s economy did. In particular, the Bank announced it will hold its policy interest rate at what it calls the effective lower bound until economic slack is absorbed. In its current projection, the Bank does not expect this to happen until into 2...023. Assuming inflation does not rise to 2% on a sustainable basis, this could mean several more years of low borrowing rates.

This is a great down to earth article. Great points on saving/finding a down payment. One point I'd emphasize is "Stick to your budget"!

After October, it's back to normal (sort of speak)

If you find yourself in this position, feel free to call me for additional advice. 1-866-714-1119

DON'T LET THESE UNEXPECTED CLOSING COSTS CATCH YOU OFF GUARD First-time homebuyers are often on a tight budget, where every dollar is carefully accounted for. Yet, many report confusion when told how much money to bring to their lawyer’s office to complete their home purchase. It’s often thousands more than they expected. Why is that? And how can you better prepare yourself? Today we will focus on the three biggest items that come up quite frequently as unexpected costs: prop...Continue reading