My Blog And NewsLetter

This is where I will inform you to what to look out for.

Know your 5 C’s can help you determine the best mortgage type and interest rate that is best for you

Posted September 25, 2015 10:36 am EDT

Know your 5 C’s can help you determine the best mortgage type and interest rate that is best for you For anyone purchasing a new home for the first time, or investing in a rental property Collateral – The property itself that you are hoping to purchase. Capital – Today you need a minimum of 5% down payment for an insured mortgage or 20% down for a conventional mortgage. Is the down coming from your own resources? It could be gifted from a family member. Requirements will vary, so make sure to check with your mortgage professional. Credit – Do you have a good credit history, are you paying all you bills on time, your credit historyWill be reviewed once you apply for a mortgage Capacity – The capacity to pay your mortgage is the most important part of the equation. Providing proof of income to the lenders today will differ if you are salaried employee, self- employed, or if you work part time. Character – You must first determine your current financial situation, then set your long term goals, this will allow you to choose the best term and amortization and interest rate. Each client is different so each mortgage will be different, clients today have a lot of choices when it comes to products and rates from the lenders. Contact me George Macris today so I can help you build your mortgage.
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Quebec developer forecasts a retirement home construction boom in Canada

Posted Jun 17, 2015 10:36 am EDT

MONTREAL – Canada is in store for a seniors’ retirement home construction boom to accommodate a surge in the number of aging baby boomers, and those building the facilities say they’ll include all the boomer-friendly comforts and conveniences of home
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Quebec's housing affordability at multi-year best levels in Q1 2015: RBC Economics

Posted June 22, 2015 5:00 AM

Quebec's housing affordability progressively improved during 2014 and continued to do so in the first quarter of 2015, according to the latest Housing Trends and Affordability Report issued today by RBC Economics Research.
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CMCH Spring 2015 Rental Market Survey (Province of Quebec)

Posted June 15, 2015 8:15am

MONTREAL, QUEBEC--(Marketwired - June 15, 2015) - According to the Rental Market Survey conducted in the spring by Canada Mortgage and Housing Corporation (CMHC), the average vacancy rate of private buildings with three units and over stood at 3.5 per cent in April in urban centres (10,000 or more ) of Quebec.
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