MY TORONTO by SHAWN VENASSE - Sales Representative

Real Estate Terms Cheat Sheet Buying a house can be an exciting, but  complex process . So when you embark on your journey, one of your first stops should be familiarizing yourself with the lingo. We’ve curated helpful information from our  Homebuyers’ Road Map  and  Tips for Buyers , to share with you some of the most important terminology a new buyer needs to know—from pre-purchase to post-purchase. Before you buy First things first, you need to find yourself a  REALTOR ® . A REALTOR ®  can bring you peace of mind thanks to their experience and professionalism. From helping you find a home that meets your needs and price range, to negotiating your purchase price, directing you through complex contracts, a REALTOR ®  is an important part of your home buying journey.  While it’s exciting to start visiting open houses, you must first determine how much a mortgage lender is willing to let you borrow to purchase your first home. Your  mortgage  is a loan that can help you cover the cost o

In a recent article, The Wall Street Journal reported that investors have rarely been this flush with cash.   The economic uncertainty due to the pandemic and the volatility of the stock market has caused assets in money-market funds to increase to approximately $4.6 trillion, the highest level on record according to Refinitv Lipper. The question becomes should an investor be "out of the market" until things settle down or should they seek to find alternative investments to produce satisfactory results.   Even in the middle of this uncertainty, residential rental property has been a stable performer. Rents are continuing to increase along with values.   Investor mortgages are available at 80% loan-to-value at fixed interest rates for 30-year terms.   Most other investments must be purchased for cash or at best, are limited to low loan-to-value loans, at floating interest rates for relatively short time frames. The use of borrowed funds, especially at today's low int