In Ontario, a mortgage pre-approval is a lender’s conditional commitment to loan you a specific amount of money for a home purchase, based on an initial assessment of your financial situation. Here’s how the process works: 1. Applying for Pre-Approval You’ll need to provide the lender with:✅ Income Verification – Pay stubs, T4s, employment letter, […]
The standard Purchase and Sale Agreement in Ontario gives the buyer two options when it comes to real estate deposits: 1. pay the deposit at the time of making the offer – “herewith” or 2. within 24 hours of the having the offer accepted – “upon acceptance”. Most buyers prefer the latter as there is no point in […]
Sometimes in the heat of the moment buyers forget to look beyond the aesthetics when viewing a house for sale. Once you have found the one you love you should go through this checklist designed to help buyers evaluate the condition of a property and identify potential issues: Exterior: Roof: Check for missing or damaged […]