Tips for writing offers this holiday season

If you are writing an offer on a home this holiday season, there are a few things to keep in mind...

First and foremost - give yourself a lot of time. Unnecessary rushes put a so much pressure on a file that it can almost collapse it. Lawyers usually need 10 business days to prepare your documents so be sure that they have the complete file with plenty of time. Mortgage Brokers are usually available with extended hours however the banks they deal with will be closed. Remember that they are usually still receiving files during that time so they also have to deal with a backlog when they re-open. Insurance companies, Appraisers and Inspectors are typically closed for a few days during the holidays as well.

If you need a pre-authorized debit form or certified cheque from your bank, you will want to do that as soon as possible as well.

If your down payment is coming from a refinance (or the equity in your current home), this will take a while as well. Refinances are typically at least 3 weeks so you will want to have that set up before you write an offer if you can.

Closing dates that fall on a holiday or weekend could cause some delays. If your "subjects" fall in these days, remember that they will likely need to be complete on the last business day.

Lastly, take some time to enjoy the holidays!

www.christinebuemann.com

Who is Computershare and why are they registered on title?

If you are using a non-bank lender for your mortgage, you may notice that your mortgage has been registered in the name of “Computershare Trust Company of Canada”. This registration does not affect the terms and conditions of your mortgage in any way. Computershare holds no beneficial interest or rights to the mortgage loan. This is merely a third party, custodial arrangement which means that your lender has used Computershare to review the mortgage and provide custodial certification to Canada Mortgage and Housing Corp (CMHC) for their government securities program. Computershare is the largest provider globally of many of the services they offer and the largest corporate trust service provider in Canada. They have successfully provided this custodial service to many Canadian bank and non-bank lenders for many years and they play a very important role in the Government of Canada’s NHA Mortgage-Backed Securities Program. Computershare has served as the exclusive Central Payor and Tr

Did you know that we can refinance up to 95% in order to remove someone from title?

Did you know that we can refinance up to 95% in order to remove someone from title? Not only are we seeing more separations than ever, we are also seeing more co-signing required from family. This means that we needed a simple and useful too for removing one person from title, without being limited to the 80% refinance rule . Here is what you will need: A purchase agreement confirming the current value Current mortgage statement A legally binding agreement by the two parties detailing the buyout For more information on this or if you have any questions or concerns - please feel free to contact me. www.christinebuemann.ca

I am so excited to share with you, Kyla Snyder, the newest member of my team. Kyla has extensive experience in Customer Service as well as 3+ years at RE/MAX and also conveyance experience from Wilson King Law Office. As the Client Care Manager, Kyla's role is to ensure that every client is taken care of from the time they contact us, until after the mortgage funds and beyond. If you have any questions or comments, please feel free to contact Kyla or myself.

Christine Buemann Mortgage Broker

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