Posted on: 20-01-07 23:04:02
Any recommendation ?? Also we are planning to get mortgage through TD, anything that we should be aware of is there any catch ?
Thanks
Quote:
Originally posted by arcrave
Any recommendation ??
Are you looking for recommendation about home inspections. It depends on the age of the home and the home inspector. One that I used was useless. He just went around the house, and I was pointing out the things to him. Recently my brother used one, and he was excellent. The guy went into the attic, and even climbed on the roof. He took pcitures of the entire place, incl. the attic & roof where he found defects and prepared a beautiful color report. He gave us a printed copy and even emailed a soft copy.
Quote:
Originally posted by arcrave
Also we are planning to get mortgage through TD, anything that we should be aware of is there any catch ?
Thanks
Standard things to look out for mortagages are prepayment options, penalty for early repayment.
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Reiki Grand Master
If you are taking a variable rate mortgage from TD or any other bank, please make sure that you get weekly or bi weekly payment options and if your mortgage is CMHC insured then you are not paying any premium surchage which TD generally charges on top of CMHC premium and also to make sure that the interest is compouned Semi-Annually and NOT monthly. And if you are taking a fixed rate mortgage, make sure that you are getting the best mortgage rate as well.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
thanks for your replies. I am looking for a good recommendation for home inspection. I have shortlisted couple of them..one is called Pillar to Post and the other one is called House Master and Ameri Spec..wondering if any of you have used their services and if yes, then how were they...also whome did your brother use..any recommendations will be useful.
Incidentally Ameri Spec has been recommended in another thread on CD .
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Fido.
Quote:
Originally posted by Pramod Chopra
If you are taking a variable rate mortgage from TD or any other bank, please make sure that you get weekly or bi weekly payment options and if your mortgage is CMHC insured then you are not paying any premium surchage which TD generally charges on top of CMHC premium and also to make sure that the interest is compouned Semi-Annually and NOT monthly. And if you are taking a fixed rate mortgage, make sure that you are getting the best mortgage rate as well.
What would be a good variable open mortgage rate? Prime + or Prime? Assuming one has good credit rating and or credit line?
thanks
Quote:
Originally posted by pardesi_canadamein
Quote:
Originally posted by Pramod Chopra
If you are taking a variable rate mortgage from TD or any other bank, please make sure that you get weekly or bi weekly payment options and if your mortgage is CMHC insured then you are not paying any premium surchage which TD generally charges on top of CMHC premium and also to make sure that the interest is compouned Semi-Annually and NOT monthly. And if you are taking a fixed rate mortgage, make sure that you are getting the best mortgage rate as well.
What would be a good variable open mortgage rate? Prime + or Prime? Assuming one has good credit rating and or credit line?
thanks
Good prime should be prime plus .35% (2.25% plus .35% )
