Tag Archive: Mortgage

Mortgage valuation v building survey: the differences

Before buying, you need to be sure that your future home is structurally sound, and that your repairs budget will suffice in the event of defects being discovered. Both mortgage valuations and building surveys address the state of the property you are buying. Here we explain how they differ.

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Valuation v building survey

A mortgage valuation is a cursory check designed to satisfy your lender that the property you’re buying is worth the price you are paying for it prior to approving your mortgage (some lenders even carry out a remote ‘desktop’ assessment). It’s not for your benefit, and won’t highlight structural issues like dry rot or damp.

By contrast, a survey is a full-length property health-check that will explain your building’s physical condition and flag up any potential problems. While one in five buyers relies on a valuation alone, it is worth investing in a detailed building …

Best Mortgage Brokers Toronto

For anyone looking for a mortgage broker in Toronto it’s important to have a broker who has access to a variety of banks, financial institutions or alternative lenders. When it comes to mortgages each client has individual circumstances so you want a broker with the experience to guide you through the process. The following is a partial list of the best brokers or companies in Toronto:

James Laird, True North Mortgage

Matthew McKillen, Toronto Mortgage Planners

Monster Mortgage

First Toronto Mortgage

Rakhi Madan Mortgage Agent, Dominion Lending Centers

Rakhi Madan is a mortgage specialist who knows the value of relationships with her clients as well as with lenders and insurers. Access to 80 different lenders, 7200 different mortgage options and close relationships with nearly all insurers and lenders result in a mortgage to fit each individual client.

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From your first meeting with Rakhi it quickly becomes apparent that building …