No, a home builder cannot require you to use a preferred lender. The home builder can offer it’s customers with closing cost incentives and lower interest rates when a preferred lender is used. However, you are not required to use the preferred lender. There are… Read More »Can a Home Builder Require a Certain Lender
You can find out where an electronic deposit came from by requesting your bank to initiate a trace request using the originator identification number and ACH item trace number. The originator identification number is used to identify the merchant sending or receiving the payment. The… Read More »How to Find Out Where an Electronic Deposit Came From?
You start paying for a new construction home after the closing of the deal and starting your mortgage. A pre-construction home mortgage only starts after the closing, when you get delivery of the home. When you purchase a new construction home, you will be required… Read More »When Do You Start Paying for a New Construction Home
Bank tellers can see your bank balance and transactions on your savings, chequing, investment, credit card, mortgage and loan accounts. Bank tellers can also see your personal information such as address, email, phone number and social insurance number. Although it’s not needed to review this… Read More »Can Bank Tellers See My Balance and Account Information?
You can get copies of checks deposited into your account. You will need to provide your bank with the processing date and amount of the check. Most banks have search fees for retrieving copies of checks deposited or copies of written checks. Depending on the… Read More »Can You Get Copies of Checks Deposited
When you’re buying a new construction home, there are some home upgrades to avoid and skip. The cost of the new construction home is a base price for the structure of the home, and basic finishes. Most home buyers want to add some customizations to… Read More »13 New Construction Home Upgrades to Avoid and Skip
Did you know new construction homes with walkout basements can dramatically add value to your home? A walkout basement will allow you to rent out the basement of your home. This can bring in rental income; dramatically reducing your out-of-pocket cost of paying your mortgage.… Read More »Getting New Construction Homes with Walkout Basement
The real estate industry in Canada has had an unbelievable year in recent years. Although most of us were hit with a pandemic, the real estate industry in Ontario, Quebec and British Columbia has been beyond hot. We’ve seen real estate prices rise in areas… Read More »Why Do New Homes Cost So Much in Canada?
When you complete transactions on a banking app, money app or exchange app – the transactions stay within that platform. Financial institutions do not share transactional information about their customers. If you’re wondering, can my bank see my PayPal transaction? The answer is no. PayPal… Read More »Can My Bank See My PayPal Transactions?
A night depository box is a bank-secured drop box where business customers and their employees can drop off cash, coins and cheques for processing after hours. These night deposits are processed by the bank or the secured armored truck service, such as Garda or Brinks.… Read More »What Are Night Depository Services?
When a direct deposit is sent to a closed bank account, it can be re-routed to another open bank account or returned to the sender. Some banks may hold the money in an unpostables account for seven business days before returning the money. Reasons Why… Read More »What Happens if Money Goes into a Closed Bank Account?
