Interest rates are still low, but they’ve been steadily increasing. Here are some points to help you make the right mortgage decision. If you are buying a home, you may be wondering whether it’s better to lock in a fixed rate in case rates continue to go up, or choose a variable rate that floats with the prime rate. Similarly, if your existing mortgage is variable, you may be wondering … [Read more...]
Repossession du Jour: Triplex in Central East Montreal
June 12, 2008 By 1 Comment
Asking Price: $239,000 Property Type : Triplex Bedrooms : 2 Interior Floor Space : 800 sqft Built in : 1910 Location : Central - East (Montréal) City Evaluation: $228,200 Although the information sheet describes the location as "Central", we'll call it Central-East, since the near intersection are borderline Hochelaga-Maisonneuve area. And we ALL know that's not really central … [Read more...]
Real Estate Glossary: R
June 11, 2008 By 2 Comments
Rate The percentage paid by a borrower for the use of money which is generally expressed as an annual percentage. Rate Hold The length of time, typically between 60 and 120 days, that a lender will guarantee a loan's interest rate once you are locked in. Rate Lock-in A written agreement or contract in which the lender guarantees the borrower a specified interest rate, provided the … [Read more...]
Repossession du Jour: Penthouse in St Laurent Street.
June 1, 2008 By Leave a Comment
The Montreal Real Estate Blog opens a new section: Repossession du Jour or Foreclosure du Jour. We haven't really decided on the title yet. But for the time being, we'll call it a Repossession, alright?. Here is our first contestant: A lovely penthouse located in St Laurent Street. We won't give you the exact address BUT we will give you the contact information, so if you are interested, you … [Read more...]
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