GE Capital Mortgage Insurance Company:
The only private sector source of mortgage insurance to lenders in Canada.
A term used in legal and other formal documents to agree to give, to do or allow something asked for. In real estate, grant is a tehnical term used in deeds of conveyance to indicate a transfer of an interest or estate in land.
The party to whom an interest in real property is conveyed (the entity receiving title to a piece of real estate, e.g., the buyer.
An individual or institution who conveys or transfers ownership of property, e.g., the seller.
Honesty of intention to deal fairly with others. Also one of several fiduciary duties owed by an agent to her/his principal.
Gross Debt Service:
The amount of money needed to pay principal, interest, taxes and sometimes, energy costs. If the dwelling unit is a condominium, all or a portion of common fees are included, depending on what expenses are covered.
Gross Debt Service Ratio (GDS):
The percentage of gross household income which you will be using to pay for the mortgage payment including property taxes. A rule of thumb is that GDS should not exceed 30%.
A third party without interest in the property who agrees to assume responsibility for a debt in the event of default.
If you currently own property and are thinking of placing it on the market, get informed about preparing your home for sale, pricing your property appropriately, marketing it effectively and learn everything you can about sale process so you can maximize your chances. Read more...
Color can make a big impact on the appearance of any room and at the same time is one of the easiest things to correct if you are not totally satisfied. They make difference and affect the way how we see space around us. Colors can alter our perception of a room's size and shape and make the difference in enjoying or feeling uncomfortable in a room. Read more...
Boost your curb appeal (tidy up the garden, mow lawn, plant blooming flowers, wash front windows, clean patio, powerwash walkways and siding, etc.). Most potential buyers will do a quick drive-by first, often deciding on the spot if it is even worth a look inside.
Clean your house until it sparkles. From gleaming windows, clean counters to shining floors, clean everything and get rid of all odours if you want to sell fast and help your property put its best foot forward. It will also make your property more appealing and allow viewers to imagine living there.
Clear away all clutter, it is very important and well worth the trouble. You may have to rent an offsite storage (or your friend's garage) temporarily, but it is well worth the trouble. Declutered cupboards, closets and rooms equal more space in the eyes of potential buyers.
In a crowded marketplace, fitting in is a failure. In a busy marketplace, not standing out is the same as being invisible."