Author: Cognitive Capital
What Is Home Equity and How Can I Build It?
Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it’s important, and five steps you can take to build it. As you make monthly mortgage payments, you accumulate home equity. This is a powerful real estate investment that represents the portion of your home that you…
How to Handle a Low-Ball Offer in Real Estate | Home Selling Advice
How to negotiate and handle low-ball offers on your real estate property in a buyer’s market without compromising the value or worth of the sale. Would you know what to do if someone offered you a lowball price for your rest estate investment? It can be pretty frustrating at first to receive lowball offers for…
Bank Of Canada Rate Update Sept 8, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary…
What are credit scores and how are they important?
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history determines your credit score. In turn, your credit score affects various aspects of your financial life. Read on…
Getting a Mortgage as a Student
Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is forever out of reach. Especially with the added burden of paying for college and student loan…
What Happens if You Lose Your Job Before Closing?
A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it’s not guaranteed that your mortgage provider will award you a mortgage loan when you are on probation at the…
How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in Ontario
When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with home evaluations, the sale of another home, or insurance coverage. But potentially the most crucial condition deals with…
Bank Of Canada Rate Update July 14, 2021
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance…
Risks of Putting Down a Firm Offer with a Pre-Approval Ontario
Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you find the right property, presenting a compelling offer might be the difference in getting your dream home. However, it…
Low Rates in Ontario Helping Buyers Pay Off Their Mortgages at Record Pace
Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today’s average rates, 61% of a new homebuyer’s very first mortgage payment is going towards principal repayment, according to data from Edge Realty Analytics. In the early…