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What Are The Closing Costs for First Time Home Buyers in British Columbia
As a first time home buyer in British Columbia, it’s important to understand the various costs associated with purchasing a home, including closing costs. In this blog, we’ll break down the different types of closing costs that you may encounter in British Columbia. Legal Fees: You’ll need to hire a lawyer or Notary to complete…
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What Is a Mortgage Penalty and How Is It Calculated?
A mortgage penalty is a fee that a borrower may be required to pay if they break the terms of their mortgage agreement. Typically, this penalty is charged when the borrower pays off their mortgage early or makes a larger-than-allowed payment. Mortgage penalties are designed to compensate the lender for the interest income they would…
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Why Choose a Mortgage Broker?
There are several reasons why you might choose to work with a mortgage broker when you’re looking to purchase a home or refinance an existing mortgage: Overall, working with a mortgage broker can help simplify the mortgage process and potentially save you money in the long run. Need a mortgage service? We’d love to work…
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