Real Estate Minute

Learn How To Best Save A Down Payment For Your New Toronto Home

One of the best ways for a first time buyer to save for their down payment is to use the Federal Government's Home Buyer Plan.

Take a moment and watch Thomas Cook from the RE/MAX Real Estate Viewing Centre and Stephanie Matheson from TD Canada Trust talk about how the program works.

Toronto Real Estate Buyers Face A Dilemma - Go Fixed VS Variable

First, maybe an explanation… variable rate mortgages are calculated based on the bank prime rate plus or minus a certain factor.  That factor will vary with the economic circumstances we’re in.  A fixed rate mortgage means that the interest rate is ‘locked in’ for a certain period of time, most typically five years.

In the old days, prior to the summer of 2008, the choice for many people was simple.  Take a variable rate mortgage where the rate was Prime MINUS 0.75%.  People who chose that option back then are laughing now… their rate is about 1.5% (prime is currently 2.25%). 

Today however circumstances have changed.  Fixed rate mortgages are at historic lows (in the high 3’s) and the way the variable mortgage rate is calculated has changed 180 degrees.

Listen to my guest George Christopoulos from MortgageBrokers.com discuss the two options in a recent Real Estate Minute podcast interview.

Federal Government Budget Offers Some Advantages To Toronto Real Estate Buyers And Home Owners

On this week's Real Estate Minute interview my special guest is George Christopoulos from MortgageBrokers.com. Our topic is a discussion of the budget highlights as they relate to either first-time buyers or existing home owners. Although there's one strong benefit, the other two are really more fluff than real solid incentives to either go out and buy a home or do a home renovation. But, something's often better than nothing. Watch the video below.

Free Government Money Seminar

If you are planning on buying your first house or condo sometime in the next 6-9 months, now is the perfect time to do some serious planning on how to best gather together the money you’ll need for your down payment and closing costs!

New Home Financing

With George Christopoulos

Paying Off Your Mortgage Sooner

With George Christopoulos

How To Choose A Lender

With George Christopoulos

The Real Estate Minute - Credit Myths

With George Christopoulos

The Real Estate Minute - Credit Checks

The facts about whether getting credit checks affects your credit rating

The Real Estate Minute - The Credit Bureau

The Credit Bureau