Loading...

Commute Time vs. Dream Home

Monday Nov 27th, 2017

Share
'

  This infographic provides the latest series on Young Professional's insights on the region's housing market.    Contact me when you need more information and I will be happy to help you in your decision making.      Maura Walsh Sales Representative Sutton Group Realty Systems Inc., Brokerage Cell: (416) 803-4224 Office: (416) 762-4200 Email: mauracwalsh@yahoo.ca [read more]

Home sales increase for 3rd straight month

Monday Nov 27th, 2017

Share
'

    Contact me when you need more information and I will be happy to help you in your decision making.      Maura Walsh Sales Representative Sutton Group Realty Systems Inc., Brokerage Cell: (416) 803-4224 Office: (416) 762-4200 Email: mauracwalsh@yahoo.ca [read more]

Do you know how the new mortgage rules will affect homebuyers in 2018?

Monday Oct 23rd, 2017

Share
'

According to the Office of the Superintendent of Financial Institutions (OSFI), tougher mortgage qualifying rules will take effect as soon as January 2018. Why is this so important? If you barely qualify for a mortgage now, you won’t in a couple of months. The new OSFI minimum qualifying rate, also known as the “stress test”, will be a requirement for all home buyers requiring a mortgage. Presently, prospective home buyers with down payments of 20% or... [read more]

Hot Areas to Watch: Development Energizes Toronto Neighbourhoods

Monday Oct 23rd, 2017

Share
'

For those of you who would like to get into the market and are willing to wait a while to see your investment really appreciate , buying along the transit lines under construction is an excellent strategy. Buy now while the construction is annoying everyone and watch your investment grow.   The following article shows the condo buildings under construction. Of course there are single family homes and smaller rental properties available... [read more]

Would you like to learn how some people are paying off their mortgage in 10 years? Would you like to learn how some people are paying for their kids’ education in full? Would you like to learn how some people are building additional wealth for retirement?

Thursday Oct 12th, 2017

Share

THE ASWER TO ALL 3 QUESTIONS MAY BE: BUY AN INVESTMENT PROPERTY   Accessible Equity in Existing Property - Access 80% of property value: $400,000x80% = $320,000 - Less existing mortgage: $320,00 - $200,000 = $120,000 available equity Take just $70,000 of this for 20% down payment on a $350,000 investment purchase. The balance of $280,000 funded with a new mortgage secured against the new property.   THE POWER OF OWNING JUST ONE INVESTMENT... [read more]

How Do Child and Spousal Support Payments Affect Mortgage Qualification?

Thursday Oct 12th, 2017

Share

Child and spousal support payment obligations will often impact mortgage financing available. The majority of lenders treat support payments as liabilities; and for most buyers this will significantly affect borrowing limits.  I have an excellent solution through an A lender; support payments are deducted from income rather than treating them as a liability.  The following example compares the two methods & as you can see, the majority of lenders would decline whereas the other... [read more]

This Month's Featured "Power of Sale and Estate Property List"

Thursday Oct 12th, 2017

Share

Upon Request by my valued clients, I am pleased to provide this month's 'Power of Sale and Estate Property List".   Our Foreclosure email is one of the most comprehensive tools in finding a Power of Sale or Estate Property in the GTA. Simply call me for more information.    Maura Walsh Sales Representative Sutton Group Realty Systems Inc., Brokerage Cell: (416) 803-4224/Office: (416)... [read more]

Welcome to my Blog!

Thursday Oct 12th, 2017

Share

Stay tuned for my latest ideas, news and tips on real estate!   Maura Walsh Sales Representative Sutton Group Realty Systems Inc., Brokerage Cell: (416) 803-4224/Office: (416) 762-4200 Email: mauracwalsh@yahoo.ca [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

Share
'

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

READ MORE