There are many reasons for refinancing a home. Some common reasons include getting a better rate, changing the terms of the mortgage, consolidating debt, shortening the length of the mortgage, or raising some extra capital to finance something else—like a renovation. Whatever your reasons are…
In case you weren’t aware of it, Zancope Notary has a YouTube Channel with several videos on different topics. We mentioned it last month. Today, we’ll transcribe two more of the videos on our channel. The first transcript, below, of the video below it, talks…
In case you weren’t aware of it, Zancope Notary has a YouTube Channel with several videos on different topics. Here is a transcript of the video below on what happens with the annual property tax when you purchase real estate during the tax year. Question:…
If you are buying or refinancing property, the bank might offer you a larger mortgage than you need. While it’s tempting to have those extra funds available, it’s not worth paying for extra money you don’t need.
Whenever a property exchanges hands in BC, the provincial government charges Property Transfer Tax (PTT). This tax, paid by the buyer, is often overlooked, and many people forget that they need to pay PTT in addition to a down payment! This tax can also apply…
There are many reasons to update the names on your property title. For example, a change in marital status due to divorce, marriage or death requires a title update. In addition, the process of estate planning sometimes involves adding or removing names on a title….
Not sure about buying real estate? With low interest rates and plenty of inventory, this summer could be the right time to buy. At the end of April, the Bank of Canada held its overnight interest rate at 1.75 percent. Because most banks base their…
Last week, Hasbro launched Monopoly for Millennials. It’s an updated version of the classic game, complete with a dismissive tagline: “Forget real estate. You can’t afford it anyway.” Despite its patronizing tone, Hasbro isn’t far from the truth. Housing prices are higher than ever, particularly…
The other day, I heard a famous song on the radio. You know the one. It goes like this: “If I had a million dollars, I’d be rich.” I’ve heard this song dozens of times, but that day I found myself thinking about the lyrics,…
I would like to share a real-life story about clients buying their first home. I have changed their names for confidentiality. David and James were excited about buying their first home. They knew there’d be a lot of paperwork, but weren’t sure about some of…