FAQ's
FREQUENTLY ASKED QUESTIONS
SPECIFIC ANSWERS TO GENERAL QUESTIONS
- Question 1: What is a BRA (Buyers Representation Agreement) and why should I sign one.
- Answer: CLICK HERE
- Question 2: How do I calculate the Land Transfer Tax that I have to pay? OR How much Land Transfer Tax do I have to pay?
- Answer: CLICK HERE to calculate the Land Transfer Tax.
- Question 3: I am a first-time home buyer. How much Land Transfer Tax Refund do I get from the government?
- Answer: CLICK HERE
- Question 4: What is CMHC Loan Insurance?
- Answer: Mortgage Loan Insurance (commonly referred to as "CMHC Loan Insurance") is an additional cost that is most often forgotten by home buyers to add to their closing costs. CLICK HERE to learn more about CMHC Mortgage loan insurance.
- Question 5: What are the documents required for mortgage approval or pre-approval?
- Answer: For your convenience, we have compiled a list of documents that are commonly required to be submitted. Please download the Buyer's Guide and see Chapter 8 (Page 19) for a list of documents (click the link or visit the "GUIDES" section of our website). The Buyer's Guide has a list of documents required for mortgage approval or pre-approval. The Buyer's Guide provides a document list for reference purposes only and should only be used as a starting point to collect some basic documents related to your finances. Each mortgage approval or pre-approval application is unique and is based on various factors unique to your situation. Different lending institutions have different document submission requirements. Please contact your Mortgage Broker to determine the exact documents that you are required to submit to get a mortgage approval or pre-approval.