mortgage rates: 5 Tips When Shopping for Mortgage Rates - 04/04/12 10:52 PM
Remember that with a new house usually comes a new mortgage.  Make sure you spend a little time doing the same due diligence on your new mortgage as you do on your new house.  Here are 5 things you should keep an eye out for when shopping for mortgage rates.
1.  Know What You Can Afford
How much you can afford depends on two factors:  how much you can borrow, and how large your down payment is.  A general rule of thumb is this:  Your annual mortgage payment + taxes + homeowner’s insurance = 28% or less of your gross income.  And … (3 comments)

mortgage rates: Home Loan Modification – Don’t Get Caught in a Scam - 04/03/12 12:04 AM
There is something about a crisis that brings out the best and the worst in people.
Unfortunately the current housing crisis has brought out many snake-oil sales people and scam artists who prey on the desperation of innocent homeowners who are looking for a way out of a financial mess.
These predators are happy to offer you their advice and help with some easy fixes to get you out of a jam when it comes to your mortgage.
However their real intent is to mislead and cheat you out of your money and possibly your entire home if the scam is complicated … (0 comments)

mortgage rates: Drowning in Debt – the Underwater Mortgage Crisis - 03/25/12 10:57 PM
It’s no secret that the U.S. housing market has taken a beating over the last few years and still remains flat-lined when it comes to recovery, but new figures indicate the number of home owners submerged under a sea of debt is still increasing with the total number of foreclosures expected to increase over the next few years.
The continuing crisis is a result of so many homeowners having an underwater mortgage.
An underwater mortgage is when a homeowner owes more money on their mortgage than the property is worth on the open market.
While many financially prudent people see this phenomenon … (0 comments)

mortgage rates: Managing debt – Why your FICO score can lead to better mortgage rates - 01/29/12 01:02 AM
In the modern world of constantly revolving debt, how you manage your paycheck and monthly bills may result in a lower interest rate when you decide to purchase a home or property and need to get a mortgage.
Most of us get a mortgage, have credit cards or some form of borrowing money, whether through a bank loan or trust company for long-term purchases such as a car or home. How you manage your monthly payments can come back to bite you if you’re not careful. Or it could provide you with a break on interest rates if you have been diligent … (2 comments)

mortgage rates: What To Look For When Shopping For A Mortgage - 12/30/11 04:14 AM
Choosing a mortgage is one of the largest financial decisions you’ll ever make, and it is a debt that will stay with you for many years. There are 4 things you should consider when shopping for a mortgage.
1. Clean up your credit report It is estimated that over 50% of credit reports have mistakes on them.  An error on your report could cost you thousands of dollars in extra interest charges, or even cause your mortgage application to be denied.  Getting errors fixed takes a little time, but could save you a lot of money and a huge headache down … (0 comments)

mortgage rates: Buying A Home – When Is The Right Time? - 12/15/11 12:58 AM
If you are like most people, the thought of making a sizable investment like buying a home can be a daunting decision. With so much at stake many people find it can be overwhelming when faced with so many choices when it comes to investing in real estate. Location, financing, and affordability are usually at the top of the list when it comes to taking a path to home ownership.
So when is the right time to buy? To make an informed decision you should take a deep breath and plan your strategy to determine when is the right time to buy. Here … (3 comments)

Lee Redwood (Keller Williams Edge Realty,  Brokerage)

Lee Redwood

Burlington, ON

More about me…

Keller Williams Edge Realty, Brokerage

Address: 3027 Harvester Rd, Suite 105, Burlington, Ontario, L7N 3G7

Mobile: 905-630-7653

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