By: Ragona Sisters

Who needs to pay for Mortgage Insurance?

Tags: Real estate, new listings, homes for sale, real estate agents, vaughan, eden mills, kleinburg, maple, sonoma heights, vellore village, weston downs, woodbridge, mississauga, brampton, georgetown, acton, vaughan, mortgage, insurance, first time home buyers

If you are buying a home and have less than 20 per cent for the down payment, you need to obtain mortgage insurance, either through CMHC or a private insurance company such as Genworth Canada or Central Guaranty. The costs of the insurance are typically added to your mortgage and paid out over the 25 year amortized term.   The reason for mortgage insurance is that banks would likely not ...Read More

By: Ragona Sisters

Real Estate Tip # 1

Tags: Real estate, new listings, homes for sale, real estate agents, vaughan, eden mills, kleinburg, maple, sonoma heights, vellore village, weston downs, woodbridge, mississauga, brampton, georgetown, acton, vaughan

As summer is slipping away and the new fall season is around the corner the real estate market is changing with the season. The months of July and August generally slow down the real estate market with fewer new listings as people enjoy summer holidays. Once September arrives and the kids are back in school, you will find that more new listings begin to come onto the market along with more buyers....Read More

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