Home Buying Tips in 2010

Author: Ken  //  Category: Home Buyers

1.      Interest rates – Are they going up? Don’t wait, get pre-approved and lock in now while the mortgage rates are low.
2.      HST – To save 8% on your legal fees, home inspector charges, moving expenses, etc. ensure your closing date is prior to July 1, 2010.
3.      Timing – A new flood of houses will be coming on the market this Spring due to the recent bidding frenzy wars.
4.      Buy First or Sell First? – Buy first. Don’t get caught selling your home and scrambling to buy something you have to settle for.
5.      TDSR – What is your Total Debt Service Ratio? Talk to a mortgage specialist to determine what to expect regarding any penalties when you sell and new interest rates when buying.
6.      Call Ken Finch regarding information on everything above; 416.520.5544

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