http://montrealrealestateblog.com A daily dose of the local market. Fri, 27 Jun 2008 16:00:26 +0000 http://backend.userland.com/rss092 en 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 ... http://montrealrealestateblog.com/should-you-lock-in-your-mortgage/ 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 ... http://montrealrealestateblog.com/repossession-du-jour-triplex-montreal/ 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 ... http://montrealrealestateblog.com/real-estate-glossary-r/ Brokers search for the best lender package to suit your specific financial situation, whether it’s with a Chartered Bank, Trust or Insurance Company. There is a wide variety of options and features available to homebuyers today. To find the best offer takes a lot of time and effort. The mortgage ... http://montrealrealestateblog.com/why-deal-with-a-mortgage-broker/ 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 ... http://montrealrealestateblog.com/repossession-du-jour-penthouse-in-st-laurent-street/ Qualifying Ratios As calculated by lenders, the percentage of income that is spent on housing debt and combined household debt. The first qualifying ratio, called the gross debt service or GDS is up to and including a maximum of 32% of the combined gross family income. The second qualifying ratio is ... http://montrealrealestateblog.com/real-estate-glossary-q/ Dans un article précédant nous avons mentionné que la Taxe de bienvenue était applicable sur tout transfert de titre de propriété d’immeuble. Toutefois, il existe certain cas d’exonération dont ceux-ci : Achat d’un immeuble par un organisme public (gouvernem Achat de fermes ou de boisés qui continueront d’être exploités Transaction dont le prix ... http://montrealrealestateblog.com/taxe-de-bienvenue-qui-na-pas-a-la-payer/ The Canadian Real Estate Association (CREA) reported Friday that the price for resale homes rose only 4% in April compared with the same month a year earlier, the slowest rate of increase in six years. The slowdown in price increases resulted from a sharp increase in listings and a slower growth ... http://montrealrealestateblog.com/more-listings-on-the-market-slows-canadian-price-increase/ A mortgage broker can assist you in ways that go well beyond offering great rates. Many people think of a mortgage broker as someone who can help them get a good rate on their mortgage. While this is certainly true, a mortgage broker can also help you with much more than ... http://montrealrealestateblog.com/your-mortgage-broker/ Beaucoup de vendeurs se disent qu’ils n’ont rien à perdre à essayer de lister leur propriété à un prix plus élevé. Ils se disent que leur prix est toujours négociable ou qu’ils pourront toujours réajuster leur prix en cour de route. Avec les conditions actuelles du marché cette stratégie ... http://montrealrealestateblog.com/surestimer-le-prix-dune-propriete-risque/