Fredette Team
Pre-approval and pre-qualification are common terms you’ll hear in the mortgage space. While both options can be a helpful first step toward securing a mortgage loan, there are some distinctions between mortgage pre-approval and mortgage pre-qualification that are critical for borrowers to note.
Buying the perfect home is not as simple as it can look on TV. Buyers and sellers must first navigate the offer process, which can involve many steps and quick decisions. Here’s what first-time home buyers and sellers can expect, and how your REALTOR® can help guide you throughout.
When it comes to real estate, there are so many terms to understand that it can sometimes feel like you’re looking through a dictionary instead of a directory. But with the help of your trusted REALTOR® and our curated “Real Estate Terms Cheat Sheet”, you don’t need a Master’s degree in English to understand these commonly used terms.
Does being self-employed mean renting is your only option? Not at all, which is great news if you’re a freedom-loving entrepreneur who wants to get your foot on the property ladder.
If you’re like most Canadians, buying a home is probably the biggest investment you’ll ever make. But for first-time home buyers, just saving up enough money for the down payment can take years or even decades to accomplish.
Most homeowners know they need to get a permit before building an addition onto their home, transforming their unfinished basement into a rental suite or carrying out other major home renovation projects. But did you know that in much of Canada, even many smaller home improvements and DIY projects also require a permit?
Many Canadian mortgage holders renew without asking any questions—often receiving a higher rate with a mortgage product that doesn’t suit their needs. Do yourself a favour, and don’t sign a renewal letter without doing your due diligence. Take an assessment of your current situation, put a plan in place, and let the...
So, you want to make a move but you’re not willing to give up that sub-3% interest rate? There’s something important you should know. Mortgage porting (also known as transferring your mortgage) has been growing in popularity in Canada. But what exactly is mortgage porting, and how do you know if it’s right for you?
With a new year here, many homeowners get inspired to give their spaces a glow-up. But since it’s not always practical to knock down walls or rip out kitchen cabinets and flooring, we asked two DIY design experts to share their tips on upgrading and revamping your kitchen without breaking the bank.
Merging households requires careful planning and discussion. No two families are alike, so there are many factors involved in making the decision about which home to move into when you’re blending two households.
Going through a divorce is difficult on so many levels. Not only can the end of a marriage be painful, but the transition can also be an emotional, stressful time for the entire family. One element that adds to the upheaval is dividing up property—including the home in which you both lived—and potentially purchasing two new residences.
So, you want to make a move but you’re not willing to give up that sub-3% interest rate? There’s something important you should know. Mortgage porting (also known as transferring your mortgage) has been growing in popularity in Canada. But what exactly is mortgage porting, and how do you know if it’s right for you?
Home inspections are a common and highly recommended condition included in the sale of a house. A home inspector can give you a better understanding of the investment you’re about to make, repairs or renovations you may need to make in the future, and give you peace of mind before you take the leap into homeownership. But there are a lot of myths and misconceptions floating around about home inspections, so we figured it was best to ask an expert and find out what’s what.
