Archive for Elizabeth Blair

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This article was written by Elizabeth Blair, a Licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario. Elizabeth services mortgage clients in Mississauga and all over the Greater Toronto area. You can contact Elizabeth directly by phone at (905) 510-5785 by email at eblair@mortgageedge.ca or you visit her website at: www.missmortgage.ca Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca Lic # M08005880 Brokerage Lic # 10680. Head office is located at: 15 Wertheim Court, Suite 210, Richmond Hill, Ontario, Canada.

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Value of Home Improvements

You may be thinking about those spring-time projects that you will need to tackle this year, like landscaping the garden, rebuilding a patio or fence, changing older windows and doors, a new roof, or even remodeling your basement, kitchen or bathroom. If you tune in to some recent popular TV programs like “Extreme [...]

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January 30th, 2010 | Elizabeth Blair | 0 comments | Continued
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What is a “closed” and “open” mortgage?

When you are shopping for a mortgage, you may hear the terms, CLOSED or OPEN mortgage.    Let me explain the difference between these two options so you can determine which one is better for you.
OPEN MORTGAGE. An “open” mortgage means that the mortgagor (the borrower) can pay the mortgage off, fully, at any time, [...]

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November 25th, 2009 | Elizabeth Blair | 0 comments | Continued
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Home Improvements in 2009

Home improvements, in 2009, have become even more attractive, especially with the recent introduction of the Home Renovation Tax Credit.  But time is running out especially since there is a specific timeframe associated with the claims.  The tax credit is only available for home renovation projects that have been completed after January 27, 2009 and [...]

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July 13th, 2009 | Elizabeth Blair | 0 comments | Continued
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What is a Mortgage Bridge Loan ?

Sometimes when you buy a home, the closing date for the home you are selling does not match the closing date of the house you are buying.   Some of the typical reasons for a difference in closing dates might be:   you want to get some renovations completed on the home being purchased before moving into [...]

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July 13th, 2009 | Elizabeth Blair | 1 comment | Continued
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Proving your down payment and documents requested by mortgage lenders today

Are you buying a house and maybe just totally frustrated now, with your lender, and all of their requests for more documents?
Let me shed some light on a popular question about the whole requirement to provide “proof of down payment” and the real reasoning behind it.
All Canadian banks, have implemented very strict policies to cover [...]

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May 4th, 2009 | Elizabeth Blair | 0 comments | Continued
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Look out Ontario: more taxes are coming your way!

Is the bad news about our economy, the slumping housing industry, and more lost jobs enough to have you down and out?   Wait, there is more bad news heading your way.   Yes the poor, beat-up and overtaxed Canadian family living in Ontario is about to face more taxes.   Primarily the tax is directed at the [...]

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March 27th, 2009 | Elizabeth Blair | 1 comment | Continued
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First time home buyers : Get a break on Closing Costs and Land Transfer Taxes

Recognizing that the Canadian housing industry is a significant contributor to our economy and its growth and stability, the Ontario Government has now sweetened the deal to stimulate the housing industry and help Canadians with the costs of purchasing a home.
There are now 2 ways you can get a break on your closing costs and [...]

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March 16th, 2009 | Elizabeth Blair | 3 comments | Continued
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Start planning for your first home purchase

If you are thinking of buying a house soon, here are some good tips to help you get started:
1.  Begin saving cash for your downpayment.  The larger your downpayment, the lower your mortgage obligation will be.  You can also place saved funds into an RRSP, and then cash them out to use towards your downpayment.  [...]

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March 4th, 2009 | Elizabeth Blair | 0 comments | Continued
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Ontario’s Green Energy Act

Home-owners will be facing some big changes on the home selling process if Ontario’s new Green Energy Act is passed through and fully implemented. One of the stipulations of the new Act, is that anyone who is selling their home, will be required to have an Energy Audit on their home.
I wrote about this home [...]

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February 25th, 2009 | Elizabeth Blair | 1 comment | Continued
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What is a mortgage discharge fee?

I received an email from someone who found my website on the internet, asking me why they were charged a discharge fee, by their bank, when they paid off the full balance of their mortgage.  This was a fee that they were surprised to see and they were checking with me to see if that [...]

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February 6th, 2009 | Elizabeth Blair | 4 comments | Continued
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