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News from Canada's Mortgage Experts

Top 10 Closing Costs When Buying a Home - #10

Thursday, July 16, 2009

Posted by: Nick Ametrano, Vice President

One of the advantages of being among the best mortgage brokers in Canada is we have access to multiple lenders i.e., we work with more than just one bank.

In addition to having access to the best rates, terms and conditions, MonsterMortgage.ca also has access to mounds of great mortgage information that we can then pass on to you. Information that will help make your real estate financing transaction (e.g., home purchase, mortgage renewal, refinancing) a less stressful and simpler one.

Today, we are going to start rolling out a weekly "Top 10 Series" that will cover the following topics:

  • 10 Common Costs of Owning a Home
  • 10 Benefits of Mortgage Insurance
  • 10 Steps to Buying a Home
  • 10 Things to Consider Before Your Mortgage Renews
  • 10 Things to Know About Your Knew Neighbourhood
  • 10 Things to do Before You List Your Home for Sale

Our first list starts off with the Top 10 Closing Costs When Buying a Home.

Number 10 - Moving-in costs

Before the big day, budget for all those last minute things: $100 or more to rent a van or a few hundred for professional movers, $50 to $60 for a locksmith to rekey your locks, and cleaning supplies. Such incidentals can easily come to $500 or more.

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