The In's & Out's of a Mortgage Pre-Approval

26 September 2013
REMAX Realtron Realty Inc

As a home buyer, when you go shopping for a home, most realtors will ask if you have been pre-approved? What does that mean? And what should you be aware of? A pre-approval means that a lender (bank, trust company, credit union) has reviewed your income, credit bureau rating, assets, liabilities and down payment and has determined that you ‘qualify’ for a pre-determined mortgage amount. This assists you in determining what house price range you can comfortably afford and, in ...


Home Equity Line of Credit Explained

11 September 2013
REMAX Realtron Realty Inc

Is a Home Equity Line of Credit right for you? As a homeowner, you’ve worked hard to pay down your mortgage, but the equity you’ve built in your home does not have to sit idle. A Home Equity Line of Credit (HELOC) can be a comfortable alternative to (or supplement to) a traditional mortgage. With rates linked to our TD Prime Rate1, a Home Equity Line of Credit allows you to simplify your borrowing by leveraging the equity you’ve ...