MY TORONTO by SHAWN VENASSE - Sales Representative

775 KING STREET WEST - SUITE #1005 Asking $650,000 This one bedroom condo with den features approx. 670 sq.ft. of delightful interior space including high ceilings, floor-to-ceiling windows, open concept galley-style kitchen with stainless steel appliances, double mirrored closets in bedroom and a walkout to a large balcony with unobstructed views west and south to the lake. This condo also features excellent amenities such as: 24-hour Security/Concierge, exercise room, media room, outdoor lounge & BBQ area, party/meeting room, guest Suite and bike storage. This stunning unit includes one car underground parking spot & a locker and is perfectly situated on the King Street 504 Streetcar line with easy access to buses and subways leading to all points throughout the City. 775 KING STREET WEST  is situated in the heart of one of Toronto’s trendiest, up & coming neighbourhoods and is close to The Fashion District, Liberty Village, Ossington & West Queen West, Rogers Cen...

  Once you have found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You are undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – someone who is qualified to tell you how your financial decisions may impact your home loan. Below is a list of things you should not do after applying for a mortgage. They are all important to know – or simply just good reminders – for the process. 1. Do not Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender.  Lenders need to source your money, and cash is not easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer. 2. Do not Make Any Large Purchases Like a New Car or Furniture for Your New Home .  New debt comes with new monthl...

Debt-to-Income ratio is a tool that lenders use to qualify buyers for a mortgage and is an important factor in determining loan approval.   It provides an indication of the amount of debt that a potential borrower is obligated to in relation to how much income they have. Total monthly debts are determined by adding the normal and recurring monthly debt payments such as monthly housing costs, car payments, minimum credit card payments, personal loan payments, student loans, child support, alimony, and other things. By dividing the monthly income into the monthly debt, you arrive at a percentage of the monthly income.   Lenders actually look at two different ratios commonly called the front-end and the back-end. The front-end ratio is the proposed total house payment including principal, interest, taxes, insurance, mortgage insurance if required, and homeowner association fees.   Lenders generally don't want these expenses to be more than 28% of the monthly gross inco...