Fara Ghafari, 88 West Realty
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
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Essential tips to cut your mortgage payments
Homeowners looking to reduce mortgage payments have several options. Refinancing can lower monthly payments by renegotiating mortgage terms, though fees may apply. Switching from a fixed to a variable rate mortgage could also save money during low interest periods. Lengthening the amortization period decreases monthly payments but increases total interest paid. Contesting property assessments may […]
Canada’s Real Estate Comeback Ignites
Elevated rates and condo pullback push developers toward purpose-built rentals—especially larger, family-sized units in high demand. Rental demand stays strong nationwide, with new supply easing price pressures after years of rapid increases. Seniors’ housing becomes a top-tier asset class, spurring innovation in mixed-use retirement communities and modernized operations. Forecasts show private capital driving the next […]
Determining Affordability and Getting Qualified for a Mortgage in Canada
Before pursuing homeownership, it's essential to assess your financial situation and understand mortgage qualifications. Key factors include stable income, monthly expenses, savings for a down payment, and credit score. In Canada, the minimum down payment is 5% for homes under $500,000. Calculating affordability involves understanding Gross Debt Service (GDS) and Total Debt Service (TDS) ratios. […]
How to qualify for a mortgage with investment income
Qualifying for a mortgage primarily based on investment income can be challenging, as lenders typically focus on traditional income sources. However, some lenders offer "net worth mortgages," allowing borrowers to qualify based on liquid assets like stocks, bonds, and cash. Requirements vary by lender, with some, like Scotiabank, requiring a minimum of $250,000 in liquid […]