- Why use a mortgage broker
- Purchase a Condominium
- Tax Installment Payment Program (TIPP)
- Home Buying Process
Many Canadian home buyers are paying too much on their mortgage because they don’t have the time to sort through the maze of options that are available today. After all, shopping around takes a lot of time and effort. The mortgage associate will provide you with one-stop shopping and impartial advice when shopping for your mortgage. A professional Mortgage Associate will save you time and money.
What is a Mortgage Associate?
A mortgage associate is an intermediary between you the customer and the mortgage lender. The mortgage associate will shop around to all of the major lending institutions including banks, trust companies and insurance companies. The mortgage associate will find the mortgage that offers the best combination of features, options and rates to suit your needs.
The Process of Purchasing a Condominium
When purchasing a Condominium, you get much more than just your unit and possibly a parking stall or two. You are also buying into the “business”.
Each condominium complex is a not for profit corporation. Like most other business, there are the day to day operations to take care of, managing the business financials and overseeing the contractors, residents and owners. These tasks are completed by the Board of Directors (a volunteer group of owners), sometimes with the assistance of a professional management company.
There are many business documents that should be reviewed before you remove conditions on your potential home and commit to being a part of this “business” venture.
Condolyzers specializes in reviewing these documents and will provide you with the tools to make an informed decision.
Many condominium purchasers turn to professional review services, such as Condolyzers Inc., to complete their necessary due diligence before removing conditions and closing their deal.
For more information about Condominium ownership, visit the Condolyzers website.
TIPP is a Tax Installment Payment Plan by which taxpayers make consecutive monthly payments for taxes. Payments may ONLY be made by automatic withdrawal from a bank chequing account.
To Join TIPP You Need to:
- Speak to the city or town about applying for their Tax Installment Payment Plan.
- If in Calgary, you can call 311 or visit the city of Calgary website here.
Line of Credit and Power Line accounts CANNOT be used.
If you pay Principal Interest and Taxes (PIT) to a mortgage company you must contact them prior to joining TIPP.
Purchasing property is the single most expensive investment most Canadians will ever make. The process can be extremely intimidating and stressful.