loans Tag

So here we stand, at the beginning of the century's third decade, and for us at The Costa Group, things have never looked more optimistic. The shift in the latter part of 2019 to be independently owned means we are now in a better position...

A Notice of Assessment, also known as NOA, is a statement from the Canada Revenue Agency notifying the taxpayer of the amount of tax they owe, if any, the amount of tax already paid, if any, tax credits received and contributions to a Registered Retirement...

Many people do not seem to understand or even know what a prepayment penalty is, whether because it was not well explained or it was not even brought up.  If you are not well informed about this aspect, it can be very costly to you...

Is there a difference between refinancing your mortgage and home equity? Yes, there is. In fact, you have two options: refinancing the first mortgage that you have or taking out a home equity loan. Both of these can provide funds for whatever you need (debt consolidation,...

You know by now how important it is to get pre-approved for a mortgage. You also know it can be difficult to accomplish due to the number of “items on the check list”.  One of the many documents a lender analyses before agreeing to give...

A starter home is a “somewhat” small house or condo that meets the requirements of young people buying their first home.  This is usually the case for the vast majority of young people (single or couples).  So, what should be your priorities if you are...

We’ve said this many times: buying a home is perhaps the most important purchase of our lives. So, wouldn’t you want to know everything about it before you sign the papers?  This is where a land survey is very important.  Yes, a home inspection can tell...

Here’s the thing: closing costs are the one element people tend to forget or know less about in the entire home buying process.  We’ve written a few blog posts where we mention closing costs and what they entitle. This particular post aims at answering the...

One aspect we often forget consider when hunting for the "dream home" is the neighbourhood. So, before you begin looking at houses, narrow in on your chosen location. Someone once said that the houses are like spouses and that the neighbourhood is like the extended...

You have purchased a home. The moving day is fast approaching. Have you considered all the costs? We decided to write this blog post to help every homebuyer budget for the costs - the obvious and the hidden ones - related to moving.  What are the...