Comments for Ultra-Low Mortgage Rates in Canada | Sutton Member Program http://www.suttonmember.com Thu, 18 Aug 2011 15:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Things You Should Know About HST by Theresa Shaw http://www.suttonmember.com/about_hst/#comment-568 Theresa Shaw Thu, 18 Aug 2011 15:24:57 +0000 http://suttonmember.com/blog/?p=212#comment-568 Hi Jasmin! It's best to confirm on the contract if the HST included in the purchase price is the the net HST or the full HST. In all of the deals I've come across it is always the net HST, meaning that the developer already knows how much rebate you would get, and when they add to the purchase price they only add on the "after rebate" HST amount. In this way there's no issue with your mortgage application because you would not be borrowing extra money at the beginning and getting a rebate later on. Let us know if this helps and if this is not how your contract is written we'll get an answer for you as well! Best regards, Theresa Hi Jasmin!
It’s best to confirm on the contract if the HST included in the purchase price is the the net HST or the full HST. In all of the deals I’ve come across it is always the net HST, meaning that the developer already knows how much rebate you would get, and when they add to the purchase price they only add on the “after rebate” HST amount. In this way there’s no issue with your mortgage application because you would not be borrowing extra money at the beginning and getting a rebate later on. Let us know if this helps and if this is not how your contract is written we’ll get an answer for you as well!
Best regards,
Theresa

]]> Comment on Things You Should Know About HST by Jasmin http://www.suttonmember.com/about_hst/#comment-532 Jasmin Mon, 08 Aug 2011 04:24:53 +0000 http://suttonmember.com/blog/?p=212#comment-532 Hi Scenario: You purchase a new home with HST included in the price. The mortgage is for the full amount of the house including HST on top. The contract states that the buyer will receive the HST rebate of $26,250. Is this okay? Will the lender allow the buyer to receive the rebate from the CRA when they loaned the buyer the entire HST amount? Will the lender loan the entire purchase or will they deduct the rebate from the mortgage amount? Thanks Jasmin Hi
Scenario:
You purchase a new home with HST included in the price. The mortgage is for the full amount of the house including HST on top. The contract states that the buyer will receive the HST rebate of $26,250. Is this okay? Will the lender allow the buyer to receive the rebate from the CRA when they loaned the buyer the entire HST amount? Will the lender loan the entire purchase or will they deduct the rebate from the mortgage amount?

Thanks
Jasmin

]]> Comment on Webinar 1 Debrief – REALTORS® Lead Generation with Kevin Grainger by tshaw http://www.suttonmember.com/webinar0719/#comment-481 tshaw Tue, 19 Jul 2011 23:35:57 +0000 http://www.suttonmember.com/?p=16813#comment-481 We did get some comments that the audio wasn't working well, what did everyone think? We finally managed to get the incessant beeping stopped after the first 5 minutes. Other than that, let us know! We did get some comments that the audio wasn’t working well, what did everyone think? We finally managed to get the incessant beeping stopped after the first 5 minutes. Other than that, let us know!

]]> Comment on Rate Promotion – 4-Year Fixed/Closed 30-Day Quick Close at 3.51% (PROMO EXPIRED) by tshaw http://www.suttonmember.com/rate-promotion-4-year-fixedclosed-45-day-quick-close-at-3-46/#comment-438 tshaw Tue, 12 Jul 2011 20:35:37 +0000 http://www.suttonmember.biz/?p=516#comment-438 Hi Sandy, Quick Close is just in reference to how long you can hold the rate for. If you purchase a property or are renewing your current mortgage, if the timing is quick (30 days or less) from application to completion of the mortgage, you get an extra little discount on your mortgage rate! Hi Sandy, Quick Close is just in reference to how long you can hold the rate for. If you purchase a property or are renewing your current mortgage, if the timing is quick (30 days or less) from application to completion of the mortgage, you get an extra little discount on your mortgage rate!

]]> Comment on Rate Promotion – 4-Year Fixed/Closed 30-Day Quick Close at 3.51% (PROMO EXPIRED) by Sandy http://www.suttonmember.com/rate-promotion-4-year-fixedclosed-45-day-quick-close-at-3-46/#comment-115 Sandy Thu, 07 Apr 2011 16:26:13 +0000 http://www.suttonmember.biz/?p=516#comment-115 Quick close? Can you explain a quick close? Quick close? Can you explain a quick close?

]]> Comment on Member of the Month – April 2011 by LJ http://www.suttonmember.com/mom0411/#comment-114 LJ Thu, 07 Apr 2011 14:34:05 +0000 http://www.suttonmember.com/?p=1176#comment-114 Congrats to both of you :) Congrats to both of you :)

]]> Comment on Member of the Month – April 2011 by sandy http://www.suttonmember.com/mom0411/#comment-112 sandy Thu, 07 Apr 2011 12:57:55 +0000 http://www.suttonmember.com/?p=1176#comment-112 Congrats to Reza and Zorica for being named member of the month! Congrats to Reza and Zorica for being named member of the month!

]]> Comment on Good-bye 35 Year Amortization? by pfu http://www.suttonmember.com/goodbye-35/#comment-108 pfu Wed, 06 Apr 2011 21:08:04 +0000 http://www.suttonmember.com/?p=1091#comment-108 Hi Wayne, Thanks for the comment. Please go to our YouTube Channel to subscribe http://www.youtube.com/suttonmemberprogram. Sutton Member Program Team Hi Wayne,

Thanks for the comment. Please go to our YouTube Channel to subscribe http://www.youtube.com/suttonmemberprogram.

Sutton Member Program Team

]]> Comment on Good-bye 35 Year Amortization? by Wayne W. Kinna http://www.suttonmember.com/goodbye-35/#comment-85 Wayne W. Kinna Tue, 05 Apr 2011 23:18:46 +0000 http://www.suttonmember.com/?p=1091#comment-85 These great little videos for both the public and for my new Realtors! How do I subscribe? Warm Regards~ Wayne W. Kinna, Realtor® Director of Training Sutton Group Seafair Realty Cellular: (604)290-2621 home: (604)271-4519 24 hour fax: (604)271-4591 P please don't print this e-mail unless you really need to These great little videos for both the public and for my new Realtors!

How do I subscribe?

Warm Regards~

Wayne W. Kinna, Realtor®
Director of Training
Sutton Group Seafair Realty
Cellular: (604)290-2621 home: (604)271-4519
24 hour fax: (604)271-4591

P please don’t print this e-mail unless you really need to

]]> Comment on Things You Should Know About HST by admin http://www.suttonmember.com/about_hst/#comment-15 admin Mon, 08 Nov 2010 18:21:13 +0000 http://suttonmember.com/blog/?p=212#comment-15 Hi Karen, If you're selling your home, you do not have to pay HST on the home itself. However, you do have to pay HST on services you receive, such as Realtor's commission, lawyer or notary fees, costs of clearing title, etc. If in doubt, please seek advice from your accountant or lawyer. Give us a quick call if you have any other questions. Thanks. Theresa. Hi Karen,

If you’re selling your home, you do not have to pay HST on the home itself. However, you do have to pay HST on services you receive, such as Realtor’s commission, lawyer or notary fees, costs of clearing title, etc. If in doubt, please seek advice from your accountant or lawyer. Give us a quick call if you have any other questions. Thanks.

Theresa.

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