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Monthly Archives: July 2014

GUEST POST via ‘The Mortgage Guy Niagara’: Understanding Penalty Payments

Many borrowers choose a five year term for their mortgage product as it suits their home-ownership plans as well as locks in a consistent payment which makes monthly budgeting easier. Did you know that statistically, the average borrower will refinance, move, renew, pay-down or pay-off their mortgage in 3.5 years? This means, the average borrower…
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It’s a Hot Summer Market!

JUNE 2014 Update: Local home sales continued at a steady pace in June. The Niagara Association of REALTORS® reported 32 residential transactions in Pelham during the past month– up 28% from the total of 25 sales recorded in June 2013. At the halfway point of the year total sales have reached 126 units representing a 2.4%…
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