The finance minister announced changes to mortgage lending guidelines. The following changes were outlined: · Maximum amortization reduced to 30 years (from a current maximum of 35 years). This is a significant change for many borrowers who may need the longer amortization to qualify f
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01/17/2011
In today's stringent lending climate, as listing agents, we often don't think of how the description of what we write on the listing can affect the lender's decision in evaluating the property's attributes, while we try to make the property sound more appealing for buyers. -sellers do not war
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01/13/2011
Below is a useful article by Brian Madigan highlighting the common conditions encountered in residential or commercial transactions before the agreement becomes firm. The length of the due diligence period is set out in the contract with a specified time period. Due Diligence Period ~ What Lawyer
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01/06/2011
Purchasers of real estate should obtain title insurance in order to protect themselves from many potential problems. Title is a legal term that means you have legal ownership of a property. Title is obtained when the legal owner of a property signs over the deed to you. After this occurs, title i
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01/06/2011
Bamboo floors are increasingly being used as an alternative to laminate and hardwood flooring. Modern engineering techniques allow bamboo to be formed into a wide array of beautiful presentations that have nothing to do with bamboo's tiki lounge image of the past. Colour, finish options and dur
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01/04/2011
