| Introduction Downpayment
& Carrying Costs Mortgage
Dollars Choosing
the Mortgage & Lender Things
to Watch Out For >credit
rating
>negotiating
>homework Terms
of the Mortgage Land
Transfer Tax Schedule | |
3. Do some homework - Ask about fees!! Just because you are borrowing
$100,000 does not mean they will actually give you that amount
- They may
charge an appraisal fee, CMHC/ GE CAPITAL application fee, PST on the CMHC/GE
CAPITAL fee and there may be an interest adjustment -BEWARE!
- Educate yourself
on market rates- use the Internet for this -check out a site such as www.imoney.com
- they have a table of posted rates -you can even apply to a few lenders online
directly!
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