We have access to every home listed for sale and want to match you with your dream home. We will search and email you an updated listing of available condos / houses every morning.  Just send me an e-mail with information about what type of home you are interested in.

Keys to Finding your next Home:

• Hire a professional, competent Agent to assist you
• Determine how much mortgage you qualify for
• Choose the Area where you want to live
• Visit Open Houses to learn market prices
• Review recent sales activity in your price range and desired neighbourhood

How much will my closing cost be?
Buying a home involves transactions cost that can quickly add up but if you are fully prepared and aware the process and costs becomes easy and manageable.  The purchase of a home may have the following transaction cost: Purchase Price, Mortgage Loan Insurance Premium, Deposit, Down payment, Home Inspection, Appraisal Fee, Land Transfer Tax, Legal and Disbursements fees, Mortgage Registration, Deed and Title Registration and Title Insurance.  Your closing cost will be approximately 1.5% of your purchase price. 

Buying Transaction and Closing Costs

• The biggest cost of purchasing real estate is the purchase price though the price is broken down to monthly mortgage payments.  The amount of the monthly mortgage payment should be of higher concern than the cost of the property.

• After the purchase price the next cost is mortgage loan insurance should you be putting down less than 20% of the purchase price.  The cost of mortgage loan insurance will be determined by your level of down payment.  The more down payment you have the lower the loan insurance premium.  The insurance premium ranges from 3.10% of loan the amount when buying with $0 down, 2.75% with upto 5% down payment, 2% with upto 10% down, 1.75 with upto 15% down and 1% with upto 20% down payment.  However, the loan insurance premium does not have to be paid up front, it maybe added to the mortgage borrowed.

• Deposit and Downpayment. The deposit must be submitted within 24 hours of an accepted offer and will vary depending on your purchase price.  The deposit goes towards the purchase price.  Chances are your deposit will be coming from your down payment saved.  The remaining down payment will be paid a day or two before closing to your lawyer along with all closing cost.  

• Home Inspection and Appraisal Fee.  When purchasing a home you will have the right to hire a qualified home inspector and may be required to pay for an appraisal fee for the property.  Home inspection fees may range from $250 and up depending on size of home and how much needs to be inspected and is paid up front.

• Final closing cost will include Land Transfer Tax, Legal and Disbursements fees, Mortgage Registration, Title Deed Registration and Title Insurance.  These are all cost that must be paid with the buyers own money a few days before closing.  In total all closing cost may be around 1.5% of the purchase price.

• How much will my Land Transfer Tax be? The calculation of the Land Transfer Tax is a gradual percentage calculation. To Determine your land transfer tax value follow the table below. The Land Transfer tax formula: = purchase price X % less $ value.

  Purchase Price	%	Less:
  Less than = $ 250,000	1.0%	$250
  Greater than $ 250,000	1.5%	$1,525
  Greater than $ 400,000	2.0%	$3,525

• Other miscellaneous costs may include arranging for moving help, registration fees and or deposits for some utilities and services and cancellation fees of current services.  

Mortgage Prequalification: Now that you've decided to buy a home your first question will undoubtedly be, "How much can I afford?" I can arrange to have you pre-qualified for a loan before you start shopping. Closing cost will be determined by the home and the price of that home you purchase. The closing cost typically includes Land Transfer Tax, If necessary Mortgage Loan Insurance, Legal Fees and Disbursement, Titles Insurance, and all registrations necessary, i.e. registering a mortgage, registering title and the deed.

Mortgage Loan Insurance Premium If you’re purchasing a home and are borrowing more than 80% of the value of the property, the mortgage must be insured. The insurance protects the lender against borrower default. This enables you to purchase a home with as little as a 5% down payment.

Conventional mortgage reduced from 25% to 20%.  Good news for home buyers.  As a result of federal legislation the definition of a conventional mortgage has been changed.  As of April 23rd 2007 home buyers putting down 20% or greater of the purchase price will no longer be required to buy mortgage loan insurance.

What is a mortgage insurance premium?  A mortgage insurance premium is an insurance policy home buyers are required to buy when purchasing a home with less than 20% of the purchase price as their downpayment. 

How and when do you pay the insurance premium?  You may purchase mortgage insurance from either CMHC or GE Capital.  The value of the premium can be paid in a lump sum or be added to your mortgage and included in your monthly mortgage payment.

Mortgage Life Insurance vs. Mortgage Loan Insurance.  Mortgage life insurance is an insurance policy that protects your family's home for the life of your mortgage.  It has a monthly insurance premium you purchases from you lending institution or an insurance agent.  Mortgage life insurance is opitonal and the beneficiaries will be your choice.  Mortgage loan insurance is an insurance policy home buyers buy in case of default and is required when the downpayment is less than 20% of the purchase price.

Buy with $0 Down
If you are interested in buying a condo with $0 down here are some requirements:

• You must have at least 1.5% of the purchase price of your own money.  On a $200,000 purchase price that works out to about $3000, this money will go towards your closing costs payable a day or two before closing.
• You must have  a good and high credit score
• You must have stable employment with income to support the loan
• You must qualify for the $0 down plan

Things to do before closing:

• Set a Closing Date that will allow you enough time to prepare to move near your current lease or matches your closing date on your current home
• Is there a mortgage penalty or tax implications?
• Select a lawyer
• Arrange Title Search and Insurance Coverage for your new home
• Obtain Property Survey
• Homeowner's Fire Insurance
• The Final Walk-Through of your new home
• Hire a mover