Understanding FHA Home Loans

Because of lower down payment requirements and less stringent lending standards, FHA loans are popular with mortgage borrowers. Simply stated, an FHA loan is a mortgage insured by the Federal Housing Administration, a government agency within the...

To Rent Or Buy? Finance Issues

Owning your own home is a huge commitment, not just to the building you buy and the area you choose to live in, but also to your life (and to another person if you are buying with a loved one or friend). There are many benefits to home ownership...

Building Your Wish-list

There’s a difference between what you need and what you want. We all need a place to eat, sleep and call home, but when the time comes to buy that place, there’s a lot to consider. In a dream world we could envision our perfect home and magically...

Mortgage Rules to Follow

Whether this is your first home or fourth, really understanding your mortgage and how it works is crucial. After all, it’ll probably be the biggest loan of your life! What Is A Mortgage? In the most basic sense a mortgage is a loan to buy a...

The World of Real Estate Markets

Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this (also) an item of real property; (more...

What’s a Housing Code?

A a housing code, or a building code, or building control, is a set of rules that specify the minimum standards for constructed objects such as buildings and nonbuilding structures. The main purpose of building codes are to protect public health...

Fighting Real Estate Fraud

Fraud and investment scams abound at all levels of the real estate market – whether it be a contractor who charges hundreds of dollars for work not done to an “investment agent” who embezzles hundreds of millions – protecting yourself can require...

The Art of House Hunting

There comes a time when having the freedom to up sticks and move around starts to lose its shine. You begrudge lining someone else’s pockets with rent. You begin to long for something other than beige walls; you dream of having the licence to get...

Title Insurance: Who Needs It?

Who needs title insurance? Anyone who owns a house! Title insurance is a policy of insurance that provides coverage for the title-related risks associated with real estate transactions. It is designed to cover the unpredictable or undetectable...

A Broker’s Responsibility

A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal...

Buying a Home: The Basics

As a first-time buyer, there is much to consider. Here we have a look at some of the factors that may influence your decision, including: good school systems, tax breaks, reasonable housing, reasonable living costs and low crime rates. Good...