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Question: Can a tenant withhold rent because their landlord isn’t properly maintaining their building or unit? Answer: No. If the tenant withholds rent, the landlord can give the tenant a notice of termination for non-payment of rent and then file an application to evict the tenant. Source: RTA
Using Home Equity to Fund Goals Your home is probably one of the most valuable assets you have.
Why not take advantage of some of the equity in your home to purchase a secondary property, do home renovations, or go on a vacation.
Using the equity in your home you can secure a low interest rate, combine all your personal credit into one, and save.
Why not consider a low cost combined borrowing solution that has the fixed payment schedule of a mortgage and the flexibility of a line of credit so you have access to those funds whenever you need them.
You could also pay off the line of credit portion at any time without any prepayment cost and have the access available to you, up to your full credit limit.
Try out this FREE Household Budget spreadsheet!
If you are a First Time Home Buyer about to Purchase a Home or have purchased in 2013 or 2014….Did you know that you can claim up to $5,000 with the First Time Home Buyers Tax Credit Program?
CIBC Mortgage Advisor – Tim Shwed... One of the biggest challenges facing first time homebuyers is down payment.
If you’d like to find out how to buy a home with little or no down payment click below and sign up to receive my 2-Part Video Series explaining how!
Tim Shwed CIBC Mortgage Advisor/Builder Specialist 705-737-3302 http://www.timshwed.com https://www.facebook.com/pages/Barrie-Real-Estate-Watch/735865926457481... Before you apply for a mortgage it is a good idea to know your Real Life Debt Ratio.
Download the Real Life Ratio interactive spreadsheet here.
It’s designed to show how well you’ll be able to handle the basic monthly costs of home ownership, plus real life expenses such as cars, daycare and long-term home maintenance.
The Real Life Ratio is an expansion of a simple affordability measure I introduced last year called the Total Debt Service and Savings Ratio, or TDSS.
Use the Real Life Ratio and you’ll know what you’re getting into before you buy a house.
You may decide you need to save a bigger down payment, buy a smaller house, live in a cheaper location or not buy at all.
Costs for home maintenance and improvement are included: You won’t face these costs every year, but on a... Critical Steps to Buy Your First Home Critical Step #1 Your Credit Score!
When buying your first home and applying for a mortgage your credit score is the single biggest factor that lenders use in determining your interest rate and whether you will get approved!
If your credit score is low, you could end up paying thousands of dollars in extra interest over the life of your mortgage.
Visit my website – http:/www.timshwed.com www.facebook.com/howtobuyyourfirsthome CIBC Mortgage Advisor Tim Shwed 866-247-1378 firstname.lastname@example.org... OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.