News

Terminology Tip

Terminology Tip

Breaking A Mortgage- “Breaking” a mortgage means paying off a mortgage contract completely before the end of its term. Before making this decision, the mortgagor needs to calculate what they would have to pay in penalties. As an example, the Financial…

Read more

Terminology Tip

Terminology Tip

Lien- a property lien is a claim against a property for money owing. It is a legal claim granting the holder a specified amount of money upon the sale of a property. A supplier or subcontractor who provided labour or…

Read more

Window of Opportunity

Window of Opportunity

After that new house officially becomes yours but before you move into, is the ideal window of time in which to take care of not only cleaning the place, painting the walls and finishing the floors, but also chores like…

Read more

Terminology Tip

Terminology Tip

Appraised Value – Appraised value is the FAIR market value of property as determined by a licensed and qualified appraiser Market Value – Market value has more variance, as it is the HIGHEST price a buyer would pay – and…

Read more