Vinson Li- Mortgage Agent
8300 Woodbine Ave Suite Unit 100 L3R 9Y7 Markham, ON, Canada

Remember to have a safe Christmas holiday! If you have any questions, don’t hesitate to contact me. Always there for you guys. Vinson Li- Mortgage Agent 647-922-9032 [email protected] ... #christmas

Merry Christmas! Have a safe holiday and make sure you get some daily physical exercise throughout the pandemic. Any mortgage questions you have throughout the holiday, don’t hesitate to contact me Vinson Li- Mortgage Agent 647-922-9032 [email protected] ... #merrychristmas

Throughout the covid-19 pandemic a lot of homes have come onto the market, and many people are asking, "Is now a good time to purchase a home?" The answer is that choosing to buy or sell a home really depends on the real estate market. For example, from March to May of 2020, a lot of people were facing economic difficulties because of the covid-19 restrictions. Many Toronto homeowners that feared being unable to cover their mortgage and pay their taxes listed their homes for... sale. Because they were eager to ensure a quick sale, they gave buyers discounts and good terms. Fast forward today, the real estate market has changed. The price of detached houses has really risen, while the value of condominiums has fallen considerably. Why should this be the case? The answer lies in the housing inventory: fewer detached houses are on the market, so it is a seller's market. However, the market has been flooded with condominiums, so the price has dropped. For buyers, this means that right now is the perfect time to buy a condominium, even in the downtown area, but they should hold off buying a house. Another factor to consider is the cost of a mortgage. Right now, the HSBC mortgage rate, for example, is a little less than 1% - about 0.99% - so the cost of buying is low. If you have questions regarding mortgage services or are looking for a piece of advice about the mortgage application process, contact me today, and I will provide you the assistance of my expertise. Vinson Li- Mortgage Agent 647-922-9032 [email protected] #COVID19 #location #MortgageAgent #torontorealestatemarket #mortgagerates

https://www.narcity.com//cerb-repayments-tax-experts-say-t This is apply if you are self-employed

https://www.mortgagebrokernews.ca//are-fiveyear-fixed-mort Are five-year fixed mortgage rates in Canada about to increase? #financeandeconomy #bankingindustry #mortgage #interestrates #refinance #homebuyers #realestate

https://toronto.ctvnews.ca/ontario-willing-to-take-swift-ac

https://www.canadianmortgagetrends.com//latest-in-mortga/

As a buyer, what do you need to know about home inspection clauses? Home Inspection clauses focus mainly on checking the exterior and interior of the home to identify any future problems that may occur in the home. You should consider requesting a home inspection report as a condition of your offer to purchase. In any agreement of purchase and sale, you will find the following standard clause: Buyer acknowledges having had the opportunity to inspect the Property and understa...nds that upon acceptance of this offer there shall be a binding agreement of purchase and sale between Buyer and Seller. The Buyer acknowledges having the opportunity to include a requirement for a property inspection report in this Agreement and agrees that except as may be specifically provided for in this Agreement, the Buyer will not be obtaining a property inspection or property inspection report regarding the Property. This means that if you waive of requesting a home inspection as part of your offer to purchase, the seller is under no obligation later to provide such a report. Vinson Li- Mortgage Agent 647-922-9032 [email protected] #mortgageagent #homeinspectionclause #agreementofpurchaseandsale #realtor

I have seen that there is a pre-printed clause in the Agreement of Purchase and Sales- Condo Resale and POTL form that talks about Status Certificate. You wants to know what is a "status certificate". What is the point of putting a clause in the Schedule A for the "status certificate"? A status certificate is a type of documents that is really talk about the condominium corporation about how healthy the condominium is. It is a health check to see if the condominium has the f...unds to repair the facilities in the condominium. It is mainly a snapshot of the condominium. It is prepared by the property manager of the company and there is a fee that is $100 plus HST. You have 10 calendar days for the property manager to prepare the certificate and you as a buyer will bring this to a lawyer for review. A status certificate from my point of view is always 99.99% always requested from realtor's clients because they want to know if the condominium coroporation is "healthy". Vinson Li Mortgage Agent 647-922-9032 [email protected] #realtor #statuscertificate #agreementofpurchaseandsale #mortgageagent