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Mortgage Refinancing Help

Mortgage Refinancing Help: Real Estate

Close inactive credit card accounts to improve your credit score, making you eligible for lower interest rate loans. You will need to notify the credit card companies in writing that you wish the accounts closed on your request. Next, check your credit report after 30 days to be sure closed accounts include the comment "Closed at Customer's Request." You want future lenders to know it was your request and not bad credit that closed your accounts. Also, take the time to check for any mistakes in your credit report that could negatively impact your credit score.

 

 
           
Mortgage Refinancing Help : Regional: North America: Canada: Business and Economy : Real Estate (108)

 

 

 

Mortgage Refinancing TipDon't escrow taxes and insurance. Unless you're undisciplined, avoid putting monies in escrow to cover your property taxes and homeowner's insurance. There's usually a fee for this privilege that runs under 1 percent of the loan amount, in states where it's allowed. "Paying the fee will allow you to time your tax and insurance payments to your benefit," says Bank South's Steve Austin. For instance, you may be able to prepay taxes that are due next year and use those payments to reduce your current tax bill. Moreover, you get to hang onto your money longer. That may be an advantage when interest-bearing accounts start paying more.



Mortgage Refinancing Help: Real Estate ()

See also:


 
Coldwell Banker Affiliates of CanadaColdwell Banker Affiliates of Canada »
Find local offices or agents, search listings, view mortgage rates, and learn about services for buyers and sellers of residential and commercial property.
 
iREx.ca - Internet Real Estate ExpressiREx.ca - Internet Real Estate Express »
Internet Real Estate Express - Consumer agent find service and provider of both custom and turnkey direct marketing web site design for real estate representatives.
 
Appraisal Institute of CanadaAppraisal Institute of Canada »
The institute is the granting body for professional designations in real estate appraisal. Lists background, provincial associations, contacts and events.
 
Exit Realty Corp.Exit Realty Corp. »
International real estate company with a different approach to the real estate business. Provides information for salespeople.
 
Canadian Home Staging ProfessionalsCanadian Home Staging Professionals »
Provides three-day workshops for homeowners, builders and realtors. Includes class schedule, property and stager search, and photographs.
 
Sutton GroupSutton Group »
Includes information on branch locations, company profile and realtor bios.
 
Commissions B4 Closing.comCommissions B4 Closing.com »
Offers a service that helps brokers provide commission advances to their representatives before the scheduled closing date of property sales.
 
Homes-Extra.caHomes-Extra.ca »
Canoe.ca real estate and housing site. Also features information about renovating, decorating and gardening.
 
RealtyGateway.comRealtyGateway.com »
Offers free map-based search of properties for sale across Canada.
 
Real Estate Institute of CanadaReal Estate Institute of Canada »
Association of Canadian Realtors. Includes course information, definition of designations, event calendar, and membership information.
 
Globe General AgenciesGlobe General Agencies »
An integrated real estate investment and management company engaged in acquiring and syndicating revenue producing properties for long term investment, as well as providing property management services to those properties.
 
International Real Estate Federation (FIABCI) CanadaInternational Real Estate Federation (FIABCI) Canada »
Federation of real estate professionals. Includes event calendar, board of directors list, and membership information.
 
York West Asset Management GroupYork West Asset Management Group »
A property management firm specializing in leasing, sales and maintenance of buildings in western Canada. Manages a large real estate portfolio that includes condo units, apartment buildings and single family homes.
 
RE/MAX CanadaRE/MAX Canada »
Contains searchable realtor database, property listings and franchise information.
 
Internet Property ListingsInternet Property Listings »
Searchable real estate for sale throughout Canada, and offers classified advertising space to sellers and realtors.
 
Colliers International: Canada OfficesColliers International: Canada Offices »
Provides information on their real estate offices in various Canadian cities and regions.
 
IncomefromProperties.comIncomefromProperties.com »
Resource for buyers and sellers of residential income properties.
 
Avison YoungAvison Young »
A full-service Canadian commercial real estate company, comprised of over 300 real estate professionals in locations across the country.
 
J.J. BarnickeJ.J. Barnicke »
Commercial real estate advisors with offices in 20 cities across Canada, offering industrial, office, and retail listings.
 
Canadian Property Tax AssociationCanadian Property Tax Association »
A national organization providing a forum for the exchange of ideas and information relating to both commercial and industrial property tax issues arising across Canada.
 
Grassroots® The Inspection SpecialistsGrassroots® The Inspection Specialists »
Building and environmental inspection and testing services for residential and commercial properties, with franchised offices in Alberta and Ontario.
 
Royal LePageRoyal LePage »
Features property listings, company profile and executive directory.
 
Real Property Association of Canada - REALpacReal Property Association of Canada - REALpac »
REALpac - A national association of large owners and developers of commercial real estate; it develops and maintains national real estate standards, and lobbies the Federal government.
 
Gateway Property Management CorporationGateway Property Management Corporation »
A full service commercial and residential property management company serving the country from offices in four provinces. Includes monthly management tips and searchable databases of residential and commercial properties.
 
Peak Agents Network of CanadaPeak Agents Network of Canada »
Lists subscribing realtors for Canadian cities from coast to coast.
 
ZaioZaio »
Develops and maintains a site-verified database of photos, valuations and property information of virtually every residential property for entire cities, using a proprietary property rating system. (TSX-V: ZAO)
 
REMREM »
Online real estate industry business publication providing news, trend details, marketing techniques, and related resources.
 
GWL Realty AdvisorsGWL Realty Advisors »
Offers commercial real estate and property management from offices in Vancouver, Calgary, Winnipeg, Toronto and Montreal. Includes client list, portfolio, leasing opportunities, contact details, and leasing information.
 
Canadian Association of Home InspectorsCanadian Association of Home Inspectors »
Real estate building inspectors who offer a written evaluation of structural condition. Offers information on standards, ethics and an inspector locator.
 
Myrealty.caMyrealty.ca »
A limited service realtor offering 0.5% commissions for people who want to control the sale of their home through the MLS.
 
20VIC Management Inc.20VIC Management Inc. »
Property manager specializing in shopping centre management, leasing and development. List of assets under management.
 
HomeLife CanadaHomeLife Canada »
Offers real estate services from offices located coast to coast in Canada.
 
AssignmentsCanada.caAssignmentsCanada.ca »
Lists Canadian property assignments, off-plan and resale opportunities, and includes definitions of these and other real estate terms.
 
Building HomesBuilding Homes »
A Wiki site for people interested in new homes in Canada, with information and discussion forums for soon-to-be and existing new home owners.
 
Century 21 CanadaCentury 21 Canada »
National site with property listings, office links and community information.
 
The WomenThe Women's Real Estate Network »
Provides tools, support and opportunities for women in real estate.
 
Prudential Real Estate Affiliates of CanadaPrudential Real Estate Affiliates of Canada »
Gateway to agents and properties for sale across Canada.
 
Canadian Real Estate AssociationCanadian Real Estate Association »
Includes real estate news, statistics, and access to MLS listings all across Canada.

 


 
      


Mortgage Refinancing TipIf you are able to get a lower rate that what you currently have, you can save tens of thousands of dollars over the life of your loan. Also, most lenders don't charge as many fees to refinance a mortgage and depending on how much equity you have in your home you may be able to roll the closing costs into your new loan, still have a lower balance than your original loan, a lower rate, and a lower payment.
 

Mortgage Refinancing TipMany financial advisers caution against cash-out refinancing to pay down unsecured debt (such as credit cards) or short-term secured debt (such as car loans). You may want to talk with a trusted financial adviser before you choose cash-out refinancing as a debt-consolidation plan.
 

Mortgage Refinancing TipDon't escrow taxes and insurance. Unless you're undisciplined, avoid putting monies in escrow to cover your property taxes and homeowner's insurance. There's usually a fee for this privilege that runs under 1 percent of the loan amount, in states where it's allowed. "Paying the fee will allow you to time your tax and insurance payments to your benefit," says Bank South's Steve Austin. For instance, you may be able to prepay taxes that are due next year and use those payments to reduce your current tax bill. Moreover, you get to hang onto your money longer. That may be an advantage when interest-bearing accounts start paying more.
 

Mortgage Refinancing TipKnow your credit score before you begin looking for a loan. If you can, try to remove any blemishes from your credit report before applying for a refinance.
 

   

   


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